Baozun Inc. (NASDAQ:BZUN) Stock Holdings Lifted by Walleye Capital LLC

Walleye Capital LLC grew its stake in shares of Baozun Inc. (NASDAQ:BZUN) by 203.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 150,441 shares of the technology company’s stock after acquiring an additional 100,852 shares during the period. Walleye Capital LLC’s holdings in Baozun were worth $539,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of BZUN. QRG Capital Management Inc. purchased a new stake in shares of Baozun during the third quarter valued at $50,000. Cetera Advisors LLC acquired a new stake in Baozun during the 1st quarter worth about $35,000. PEAK6 Investments LLC raised its holdings in Baozun by 29.9% during the 3rd quarter. PEAK6 Investments LLC now owns 78,070 shares of the technology company’s stock worth $279,000 after buying an additional 17,970 shares during the period. SG Americas Securities LLC purchased a new stake in Baozun during the third quarter valued at about $69,000. Finally, Marshall Wace LLP acquired a new position in shares of Baozun in the second quarter worth about $55,000. 47.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on BZUN shares. CLSA lowered shares of Baozun from an “outperform” rating to a “hold” rating and cut their price target for the company from $2.80 to $2.20 in a report on Friday, August 30th. Citigroup boosted their target price on shares of Baozun from $3.90 to $4.20 and gave the company a “buy” rating in a research note on Tuesday, November 26th.

Baozun Price Performance

Shares of BZUN opened at $2.40 on Monday. The business’s 50-day moving average is $3.04 and its 200-day moving average is $2.67. The company has a market capitalization of $147.75 million, a price-to-earnings ratio of -4.44 and a beta of 0.32. Baozun Inc. has a fifty-two week low of $1.90 and a fifty-two week high of $4.38.

Baozun Company Profile

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.