Baozun (NASDAQ:BZUN) Share Price Passes Above 50 Day Moving Average – Here’s What Happened
by Scott Moore · The Cerbat GemShares of Baozun Inc. (NASDAQ:BZUN – Get Free Report) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $2.72 and traded as high as $3.10. Baozun shares last traded at $3.01, with a volume of 170,468 shares changing hands.
Analyst Ratings Changes
BZUN has been the subject of several analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Baozun in a research report on Friday, July 17th. Wall Street Zen upgraded Baozun from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 25th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Reduce”.
Check Out Our Latest Stock Report on Baozun
Baozun Trading Down 2.0%
The stock has a market capitalization of $172.01 million, a P/E ratio of -6.58 and a beta of 0.51. The firm’s fifty day moving average is $2.74 and its 200-day moving average is $2.65.
Baozun (NASDAQ:BZUN – Get Free Report) last released its quarterly earnings results on Friday, May 15th. The technology company reported $0.00 EPS for the quarter. The firm had revenue of $345.35 million for the quarter. Baozun had a negative net margin of 1.80% and a positive return on equity of 1.68%.
Insider Buying and Selling
In other Baozun news, insider Junhua Wu purchased 29,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 24th. The stock was purchased at an average cost of $2.85 per share, with a total value of $82,650.00. Following the acquisition, the insider directly owned 253,770 shares of the company’s stock, valued at approximately $723,244.50. This trade represents a 12.90% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, CEO Wenbin Qiu acquired 10,000 shares of the business’s stock in a transaction on Monday, June 22nd. The stock was acquired at an average price of $2.81 per share, with a total value of $28,100.00. Following the transaction, the chief executive officer owned 1,623,872 shares in the company, valued at approximately $4,563,080.32. The trade was a 0.62% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have purchased 225,000 shares of company stock worth $609,830. 59.20% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Schroder Investment Management Group raised its stake in shares of Baozun by 4.9% in the fourth quarter. Schroder Investment Management Group now owns 2,414,558 shares of the technology company’s stock worth $6,423,000 after acquiring an additional 113,058 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Baozun by 75,465,800.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 754,659 shares of the technology company’s stock valued at $2,007,000 after purchasing an additional 754,658 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Baozun by 2.0% in the third quarter. Dimensional Fund Advisors LP now owns 603,016 shares of the technology company’s stock valued at $2,442,000 after purchasing an additional 11,593 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Baozun by 21.1% in the third quarter. Arrowstreet Capital Limited Partnership now owns 470,256 shares of the technology company’s stock valued at $1,905,000 after purchasing an additional 81,777 shares in the last quarter. Finally, Marshall Wace LLP raised its position in Baozun by 28.5% in the 4th quarter. Marshall Wace LLP now owns 346,764 shares of the technology company’s stock worth $922,000 after purchasing an additional 76,928 shares during the last quarter. Institutional investors and hedge funds own 47.29% of the company’s stock.
Baozun Company Profile
Baozun Inc is a leading pure-play e-commerce solutions provider based in Shanghai, China. The company specializes in helping global and domestic brands establish and manage their online stores across major Chinese platforms, including Tmall, JD.com, and WeChat. By offering a one-stop service model, Baozun enables brand owners to outsource the complexities of digital retail operations and focus on product development and customer engagement.
The company’s suite of services encompasses store design and setup, digital marketing and promotion, technology integration, order fulfillment, warehousing and logistics, customer care, and data analytics.