Baozun (NASDAQ:BZUN) Lowered to Hold Rating by Wall Street Zen

Baozun (NASDAQ:BZUN - Get Free Report) was downgraded by analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued on Saturday.

Baozun Trading Down 1.6%

NASDAQ BZUN traded down $0.05 on Friday, reaching $3.00. 327,305 shares of the company were exchanged, compared to its average volume of 474,794. The business's fifty day moving average price is $2.77 and its 200 day moving average price is $2.93. The stock has a market capitalization of $162.40 million, a P/E ratio of -5.56 and a beta of 0.29. Baozun has a fifty-two week low of $2.11 and a fifty-two week high of $4.38.

Institutional Investors Weigh In On Baozun

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BZUN. Tower Research Capital LLC TRC raised its position in Baozun by 138.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 11,651 shares of the technology company's stock valued at $32,000 after purchasing an additional 6,772 shares during the period. Jane Street Group LLC purchased a new stake in shares of Baozun in the 4th quarter valued at $42,000. QRG Capital Management Inc. raised its holdings in shares of Baozun by 50.8% in 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. New York State Common Retirement Fund raised its holdings in shares of Baozun by 95.5% in the 4th quarter. New York State Common Retirement Fund now owns 23,914 shares of the technology company's stock valued at $65,000 after buying an additional 11,683 shares during the period. Finally, Jump Financial LLC purchased a new stake in shares of Baozun in the 4th quarter valued at $212,000. Hedge funds and other institutional investors own 47.29% of the company's stock.

About Baozun

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.