Financial services

Prospera Financial Services Inc invests $43,000 in Baozun Inc. (NASDAQ: BZUN)


Prospera Financial Services Inc. acquired a new position in shares of Baozun Inc. (NASDAQ: BZUN – Get Rating) in Q1, according to its most recent SEC filing. The institutional investor acquired 5,063 shares of the tech company, valued at around $43,000.

Several other institutional investors and hedge funds also changed their positions in BZUN. CWM LLC acquired a new position in Baozun stock during Q4 worth approximately $35,000. Counterpoint Mutual Funds LLC acquired a new position in Baozun stock during Q1 worth approximately $68,000. Legacy Wealth Asset Management LLC acquired a new position in Baozun stock during Q4 worth approximately $216,000. Equitable Holdings Inc. increased its position in Baozun shares by 44.1% during the 4th quarter. Equitable Holdings Inc. now owns 19,344 shares of the technology company worth $269,000 after acquiring 5,919 additional shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in Baozun shares by 26.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 57,447 shares of the technology company valued at $493,000 after buying 11,913 additional shares in the last quarter. 45.15% of the shares are held by institutional investors and hedge funds.

Analysts set new price targets

Several research companies have recently weighed in on BZUN. HSBC raised its target price on Baozun from $8.00 to $9.00 in a Friday, May 27 report. JPMorgan Chase & Co. raised its target price on Baozun from $8.00 to $9.00 in a Wednesday, June 1 report. Finally, Jefferies Financial Group reduced its target price on Baozun from $13.90 to $12.00 in a Thursday, April 14 report. Five investment analysts gave the stock a hold rating and one gave the stock a buy rating. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $12.88.

Baozun Stock down 4.7%

BZUN opened at $8.72 on Wednesday. The company has a 50-day moving average price of $10.07 and a two-hundred-day moving average price of $9.53. The company has a market capitalization of $606.89 million, a PE ratio of -11.32 and a beta of 0.73. Baozun Inc. has a 52-week low of $5.41 and a 52-week high of $25.66.

Baozun (NASDAQ:BZUN – Get Rating) last released quarterly earnings data on Thursday, May 26. The technology company reported ($0.29) EPS for the quarter, missing the ($0.07) consensus estimate of ($0.22). The company posted revenue of $312.99 million for the quarter, compared to $287.40 million expected by analysts. Baozun had a negative net margin of 3.67% and a negative return on equity of 6.38%. As a group, sell-side analysts expect Baozun Inc. to post -0.11 EPS for the current fiscal year.

About Baozun

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Baozun Inc, through its subsidiaries, provides e-commerce solutions to partner brands in the People’s Republic of China. The Company offers IT infrastructure setup and integration, e-store design and setup, e-store operations, visual merchandising and marketing campaigns, customer warehousing and order fulfillment.

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Institutional ownership by quarter for Baozun (NASDAQ:BZUN)



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