Millennium Management LLC purchased a new position in shares of Baozun Inc. (NASDAQ:BZUN - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 121,901 shares of the technology company's stock, valued at approximately $332,000. Millennium Management LLC owned about 0.20% of Baozun at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Schroder Investment Management Group grew its holdings in shares of Baozun by 16.5% in the fourth quarter. Schroder Investment Management Group now owns 2,301,500 shares of the technology company's stock worth $6,352,000 after purchasing an additional 326,388 shares during the last quarter. QRG Capital Management Inc. boosted its position in Baozun by 50.8% during the 4th quarter. QRG Capital Management Inc. now owns 21,092 shares of the technology company's stock valued at $57,000 after buying an additional 7,108 shares during the period. Tower Research Capital LLC TRC grew its holdings in Baozun by 138.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 11,651 shares of the technology company's stock worth $32,000 after acquiring an additional 6,772 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of Baozun in the fourth quarter valued at about $232,000. Finally, Walleye Capital LLC increased its position in shares of Baozun by 103.5% in the fourth quarter. Walleye Capital LLC now owns 306,091 shares of the technology company's stock valued at $833,000 after acquiring an additional 155,650 shares during the period. 47.29% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen lowered Baozun from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th.
Check Out Our Latest Analysis on BZUN
Baozun Price Performance
Baozun stock traded up $0.05 during mid-day trading on Thursday, reaching $2.87. The stock had a trading volume of 92,657 shares, compared to its average volume of 464,755. Baozun Inc. has a one year low of $2.11 and a one year high of $4.38. The company has a 50-day moving average price of $2.77 and a two-hundred day moving average price of $2.96. The company has a market capitalization of $165.74 million, a price-to-earnings ratio of -5.31 and a beta of 0.37.
About Baozun
(
Free Report)
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.
Featured Stories
Before you consider Baozun, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Baozun wasn't on the list.
While Baozun currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
