Baozun (NASDAQ:BZUN) Stock Price Passes Above Fifty Day Moving Average - Time to Sell?

Key Points

• Baozun's stock price recently crossed above its 50-day moving average of $2.78, reaching a high of $2.85, but last traded at $2.71.
• Wall Street analysts downgraded Baozun from a "buy" rating to a "hold" rating, reflecting a cautious outlook on the company's performance.
• Institutional investors hold about 47.29% of Baozun's stock, with several hedge funds increasing their positions in the fourth quarter.

Baozun Inc. (NASDAQ:BZUN - Get Free Report)'s stock price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $2.78 and traded as high as $2.85. Baozun shares last traded at $2.71, with a volume of 333,328 shares.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut Baozun from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th.

Baozun Stock Performance

The business has a 50-day simple moving average of $2.76 and a two-hundred day simple moving average of $2.93. The company has a market capitalization of $156.21 million, a price-to-earnings ratio of -6.29 and a beta of 0.28.

Hedge Funds Weigh In On Baozun

Large investors have recently modified their holdings of the business. GSA Capital Partners LLP increased its stake in Baozun by 113.7% in the 1st quarter. GSA Capital Partners LLP now owns 290,959 shares of the technology company's stock valued at $794,000 after purchasing an additional 154,787 shares in the last quarter. Two Sigma Investments LP increased its stake in Baozun by 2.7% in the 4th quarter. Two Sigma Investments LP now owns 729,799 shares of the technology company's stock valued at $1,985,000 after purchasing an additional 18,913 shares in the last quarter. Millennium Management LLC purchased a new position in Baozun in the 4th quarter valued at approximately $332,000. Cubist Systematic Strategies LLC purchased a new position in Baozun in the 4th quarter valued at approximately $221,000. Finally, Bank of America Corp DE increased its stake in Baozun by 44,379.3% in the 4th quarter. Bank of America Corp DE now owns 100,968 shares of the technology company's stock valued at $275,000 after purchasing an additional 100,741 shares in the last quarter. 47.29% of the stock is owned by hedge funds and other institutional investors.

Baozun Company Profile

Baozun Inc, through its subsidiaries, provides end-to-end e-commerce solutions to brand partners in the People's Republic of China. The company operates through two segments, E-Commerce and Brand Management (BBM). The E-Commerce segment offers brands' store operations, customer services and value-added services in logistics and supply chain management, IT, and digital marketing.