Panagora Asset Management Inc. bought a new position in Baozun Inc (NASDAQ:BZUN) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 13,267 shares of the technology company’s stock, valued at approximately $644,000.
A number of other large investors have also recently added to or reduced their stakes in the stock. ING Groep NV lifted its position in Baozun by 44.4% in the 3rd quarter. ING Groep NV now owns 7,800 shares of the technology company’s stock worth $379,000 after buying an additional 2,400 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of Baozun by 39.7% during the second quarter. Public Employees Retirement System of Ohio now owns 10,900 shares of the technology company’s stock valued at $596,000 after buying an additional 3,100 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Baozun during the second quarter valued at approximately $172,000. FundX Investment Group LLC purchased a new position in shares of Baozun during the second quarter valued at approximately $209,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of Baozun by 2.2% during the second quarter. Dimensional Fund Advisors LP now owns 188,517 shares of the technology company’s stock valued at $10,312,000 after buying an additional 4,066 shares during the period. Institutional investors own 55.30% of the company’s stock.
Shares of BZUN stock opened at $28.23 on Friday. The firm has a market capitalization of $1.63 billion, a P/E ratio of 50.71 and a beta of 3.56. Baozun Inc has a twelve month low of $27.93 and a twelve month high of $67.41. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.57 and a current ratio of 2.01.
Baozun (NASDAQ:BZUN) last issued its quarterly earnings results on Wednesday, November 21st. The technology company reported $0.07 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.03). The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Baozun had a return on equity of 12.09% and a net margin of 4.80%. Baozun’s revenue for the quarter was up 24.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.64 earnings per share. As a group, equities analysts anticipate that Baozun Inc will post 0.76 earnings per share for the current fiscal year.
Several equities analysts have recently issued reports on the company. BidaskClub cut Baozun from a “hold” rating to a “sell” rating in a research note on Saturday. ValuEngine cut Baozun from a “buy” rating to a “hold” rating in a research note on Monday, November 12th. Finally, Zacks Investment Research raised Baozun from a “sell” rating to a “hold” rating in a research note on Tuesday, October 16th. Two analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $48.47.
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Baozun Company Profile
Baozun Inc provides e-commerce solutions for brand partners in the People’s Republic of China. It offers end-to-end e-commerce solutions, including IT infrastructure setup and integration, online store design and setup, store operations, visual merchandizing and marketing campaigns, customer services, warehousing, and order fulfillment.
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