Baozun Inc. (BZUN) Shares Sold by Granite Point Capital Management L.P.

Granite Point Capital Management L.P. trimmed its position in shares of Baozun Inc. (NASDAQ:BZUN) by 46.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,000 shares of the technology company’s stock after selling 7,000 shares during the period. Granite Point Capital Management L.P.’s holdings in Baozun were worth $262,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Global X Management Co. LLC increased its stake in Baozun by 1.6% in the 2nd quarter. Global X Management Co. LLC now owns 6,759 shares of the technology company’s stock worth $150,000 after purchasing an additional 105 shares during the period. Veritable L.P. increased its stake in shares of Baozun by 1.1% during the second quarter. Veritable L.P. now owns 38,400 shares of the technology company’s stock valued at $851,000 after buying an additional 400 shares during the period. Public Employees Retirement System of Ohio increased its stake in shares of Baozun by 18.5% during the second quarter. Public Employees Retirement System of Ohio now owns 7,700 shares of the technology company’s stock valued at $171,000 after buying an additional 1,200 shares during the period. Citigroup Inc. increased its stake in shares of Baozun by 29.3% during the second quarter. Citigroup Inc. now owns 5,781 shares of the technology company’s stock valued at $128,000 after buying an additional 1,311 shares during the period. Finally, Credit Suisse AG increased its stake in shares of Baozun by 5.7% during the first quarter. Credit Suisse AG now owns 27,208 shares of the technology company’s stock valued at $406,000 after buying an additional 1,463 shares during the period. 38.35% of the stock is currently owned by institutional investors.

Several research firms have recently issued reports on BZUN. Vetr raised Baozun from a “sell” rating to a “hold” rating and set a $35.98 target price on the stock in a research note on Tuesday, September 26th. Zacks Investment Research upgraded Baozun from a “sell” rating to a “hold” rating and set a $41.00 price target on the stock in a research report on Wednesday, September 13th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and two have given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $35.79.

Baozun Inc. (BZUN) traded down $0.73 during trading on Friday, reaching $31.56. The company’s stock had a trading volume of 950,352 shares, compared to its average volume of 1,812,377. Baozun Inc. has a twelve month low of $11.07 and a twelve month high of $40.65. The company has a market capitalization of $1,753.80, a P/E ratio of 95.64 and a beta of 4.43.

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Baozun Company Profile

Baozun Inc is a brand e-commerce solutions company. The Company is engaged in providing end-to-end e-commerce solutions, including the sales of apparel, home and electronic products, online store design and setup, visual merchandising and marketing, online store operations, customer services, warehousing and order fulfillment.

Institutional Ownership by Quarter for Baozun (NASDAQ:BZUN)

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