Baozun Inc (NASDAQ:BZUN) fell 6.7% during trading on Thursday . The company traded as low as $42.56 and last traded at $43.09. 1,197,122 shares changed hands during trading, a decline of 45% from the average session volume of 2,195,865 shares. The stock had previously closed at $46.16.
A number of research firms recently commented on BZUN. Zacks Investment Research raised shares of Baozun from a “sell” rating to a “hold” rating in a research report on Saturday, July 14th. BidaskClub cut shares of Baozun from a “buy” rating to a “hold” rating in a research report on Wednesday, August 1st. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Baozun has a consensus rating of “Buy” and an average price target of $48.47.
The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.76 and a current ratio of 2.12. The stock has a market cap of $2.56 billion, a P/E ratio of 73.07 and a beta of 3.62.
A number of large investors have recently bought and sold shares of BZUN. Northwestern Mutual Wealth Management Co. acquired a new position in Baozun during the 2nd quarter valued at approximately $172,000. Ladenburg Thalmann Financial Services Inc. increased its stake in Baozun by 2,531.6% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,000 shares of the technology company’s stock valued at $183,000 after purchasing an additional 3,848 shares in the last quarter. FundX Investment Group LLC acquired a new position in Baozun during the 2nd quarter valued at approximately $209,000. Virginia Retirement Systems ET AL acquired a new position in Baozun during the 2nd quarter valued at approximately $263,000. Finally, LPL Financial LLC acquired a new position in Baozun during the 1st quarter valued at approximately $270,000. 49.00% of the stock is owned by institutional investors.
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About Baozun (NASDAQ:BZUN)
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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