Teachers Insurance & Annuity Association of America acquired a new position in shares of Baozun Inc (NASDAQ:BZUN) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 34,486 shares of the technology company’s stock, valued at approximately $1,088,000. Teachers Insurance & Annuity Association of America owned about 0.06% of Baozun at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Trustcore Financial Services LLC purchased a new stake in Baozun in the fourth quarter valued at about $103,000. SG Americas Securities LLC purchased a new stake in Baozun in the fourth quarter valued at about $108,000. Legal & General Group Plc purchased a new stake in Baozun in the third quarter valued at about $137,000. Public Employees Retirement System of Ohio raised its stake in Baozun by 18.5% in the second quarter. Public Employees Retirement System of Ohio now owns 7,700 shares of the technology company’s stock valued at $171,000 after buying an additional 1,200 shares during the last quarter. Finally, Russell Investments Group Ltd. purchased a new stake in Baozun in the third quarter valued at about $187,000. Hedge funds and other institutional investors own 44.98% of the company’s stock.
Baozun Inc (BZUN) opened at $47.98 on Tuesday. The firm has a market capitalization of $2,617.79, a PE ratio of 87.24 and a beta of 4.29. Baozun Inc has a 1-year low of $13.95 and a 1-year high of $51.03.
BZUN has been the subject of a number of research analyst reports. Vetr upgraded Baozun from a “buy” rating to a “strong-buy” rating and set a $39.98 price target for the company in a research note on Wednesday, February 14th. Zacks Investment Research cut Baozun from a “hold” rating to a “sell” rating in a research note on Tuesday, November 28th. Bank of America increased their price target on Baozun from $38.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, January 30th. Finally, BidaskClub upgraded Baozun from a “hold” rating to a “buy” rating in a research note on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. Baozun currently has a consensus rating of “Hold” and a consensus target price of $38.78.
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Baozun Inc is a brand e-commerce solutions company. The Company is engaged in providing end-to-end e-commerce solutions, including the sales of apparel, home and electronic products, online store design and setup, visual merchandising and marketing, online store operations, customer services, warehousing and order fulfillment.
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