Baozun Inc. (BZUN:NSD) has seen an 8.6% increase in Nuveen Asset Management LLC’s stake in the company during the third quarter, according to the recent Form 13F filing with the SEC. The asset management firm now owns 2,249,555 shares of BZUN stock, valued at $14,127,000, representing 3.23% ownership of the company.
Other institutional investors have also increased their positions in the company, including Quadrant Capital Group LLC and US Bancorp DE.
BZUN Stock-Analyst Ratings:
Several Wall Street analysts have also weighed in on Baozun’s performance, with Citigroup rating the stock a “buy” and Daiwa Capital Markets upgrading it to “outperform.” BZUN stock has an average rating of “Strong Buy” and a consensus price target of $7.98, according to Stock Traget Advisor.
BZUN Stock Price Analysis:
Baozun’s shares opened at $6.26 on Tuesday, with a market capitalization of $435.70 million. The stock’s price-to-earnings ratio is -6.96, and its beta is 0.64. The company’s 52-week low is $3.41, and its 52-week high is $12.09.
Baozun Inc., through its subsidiaries, provides e-commerce solutions to brand partners in the People’s Republic of China.
The company offers IT infrastructure setup and integration, online store design and setup, online store operations, visual merchandising and marketing campaigns, customer services, and warehousing and order fulfilment.
It serves brand partners in various categories, including apparel and accessories; appliances; electronics; home and furnishings; food and health products; beauty and cosmetics; fast moving consumer goods, and mother and baby products; and automobiles.
The company was formerly known as Baozun Cayman Inc. and changed its name to Baozun Inc. in March 2015. Baozun Inc. was founded in 2007 and is headquartered in Shanghai, the People’s Republic of China.