Janus Henderson Group PLC Sells 50,406 Shares of Baozun Inc. (BZUN)

Janus Henderson Group PLC cut its holdings in Baozun Inc. (NASDAQ:BZUN) by 13.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 333,341 shares of the technology company’s stock after selling 50,406 shares during the quarter. Janus Henderson Group PLC owned about 0.61% of Baozun worth $10,920,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Legal & General Group Plc acquired a new position in Baozun in the third quarter valued at $137,000. Russell Investments Group Ltd. acquired a new position in shares of Baozun during the third quarter worth about $187,000. Citigroup Inc. increased its stake in shares of Baozun by 29.3% during the second quarter. Citigroup Inc. now owns 5,781 shares of the technology company’s stock worth $128,000 after acquiring an additional 1,311 shares during the period. Stifel Financial Corp acquired a new position in shares of Baozun during the third quarter worth about $211,000. Finally, SignalPoint Asset Management LLC acquired a new position in shares of Baozun during the third quarter worth about $238,000. Institutional investors own 38.35% of the company’s stock.

Baozun Inc. (NASDAQ BZUN) opened at $30.56 on Tuesday. Baozun Inc. has a one year low of $10.87 and a one year high of $40.65. The stock has a market cap of $1,670.00 and a PE ratio of 95.50.

A number of research analysts have recently issued reports on BZUN shares. Vetr lowered shares of Baozun from a “strong-buy” rating to a “hold” rating and set a $37.25 price target on the stock. in a research note on Tuesday, October 3rd. Citigroup started coverage on shares of Baozun in a research note on Thursday, August 31st. They set a “buy” rating and a $38.00 price target on the stock. Zacks Investment Research upgraded shares of Baozun from a “sell” rating to a “hold” rating and set a $41.00 price target on the stock in a research note on Wednesday, September 13th. Finally, Bank of America boosted their price target on shares of Baozun from $34.00 to $38.00 and gave the stock a “buy” rating in a research note on Monday, September 11th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $35.79.

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About Baozun

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.

Institutional Ownership by Quarter for Baozun (NASDAQ:BZUN)

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