Baozun (NASDAQ:BZUN) Given New $4.20 Price Target at Citigroup

Baozun (NASDAQ:BZUN) had its price objective increased by Citigroup from $3.90 to $4.20 in a research report report published on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the technology company’s stock.

Separately, CLSA lowered shares of Baozun from an “outperform” rating to a “hold” rating and cut their price objective for the company from $2.80 to $2.20 in a research report on Friday, August 30th.

Baozun Price Performance

NASDAQ BZUN opened at $2.59 on Tuesday. Baozun has a 12 month low of $1.90 and a 12 month high of $4.38. The company has a market capitalization of $155.90 million, a price-to-earnings ratio of -4.80 and a beta of 0.36. The company’s fifty day moving average price is $3.07 and its two-hundred day moving average price is $2.70.

Baozun (NASDAQ:BZUN) last released its earnings results on Wednesday, August 28th. The technology company reported ($0.07) EPS for the quarter. Baozun had a negative net margin of 2.55% and a negative return on equity of 5.58%. The company had revenue of $329.01 million for the quarter.

Hedge Funds Weigh In On Baozun

A number of large investors have recently modified their holdings of BZUN. Virtu Financial LLC bought a new position in Baozun in the 1st quarter valued at about $48,000. Cetera Advisors LLC acquired a new position in shares of Baozun during the first quarter worth $35,000. Acadian Asset Management LLC raised its stake in Baozun by 55.1% during the second quarter. Acadian Asset Management LLC now owns 1,002,018 shares of the technology company’s stock worth $2,335,000 after buying an additional 356,096 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Baozun by 23.4% during the second quarter. Dimensional Fund Advisors LP now owns 620,450 shares of the technology company’s stock worth $1,452,000 after buying an additional 117,502 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in Baozun during the second quarter worth $55,000. 47.29% of the stock is currently owned by institutional investors and hedge funds.

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.