Baozun Inc (BZUN) Shares Bought by Franklin Resources Inc.

Franklin Resources Inc. raised its stake in shares of Baozun Inc (NASDAQ:BZUN) by 3.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,697,231 shares of the technology company’s stock after acquiring an additional 95,000 shares during the quarter. Franklin Resources Inc.’s holdings in Baozun were worth $131,032,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Gerber Kawasaki Wealth & Investment Management boosted its stake in Baozun by 18.2% during the 2nd quarter. Gerber Kawasaki Wealth & Investment Management now owns 6,375 shares of the technology company’s stock valued at $355,000 after acquiring an additional 980 shares during the last quarter. Kovack Advisors Inc. boosted its stake in Baozun by 26.3% during the 2nd quarter. Kovack Advisors Inc. now owns 5,808 shares of the technology company’s stock valued at $318,000 after acquiring an additional 1,210 shares during the last quarter. ING Groep NV boosted its stake in Baozun by 44.4% during the 3rd quarter. ING Groep NV now owns 7,800 shares of the technology company’s stock valued at $379,000 after acquiring an additional 2,400 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in Baozun by 39.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 10,900 shares of the technology company’s stock valued at $596,000 after acquiring an additional 3,100 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. bought a new position in Baozun during the 2nd quarter valued at $172,000. Hedge funds and other institutional investors own 55.30% of the company’s stock.

Baozun stock opened at $36.45 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.57 and a current ratio of 2.01. Baozun Inc has a 1 year low of $26.77 and a 1 year high of $67.41. The stock has a market capitalization of $1.95 billion, a PE ratio of 66.27 and a beta of 3.57.

Baozun (NASDAQ:BZUN) last posted its quarterly earnings results on Wednesday, November 21st. The technology company reported $0.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.03). Baozun had a return on equity of 12.09% and a net margin of 4.80%. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the previous year, the business posted $0.64 earnings per share. The company’s quarterly revenue was up 24.8% compared to the same quarter last year. On average, research analysts expect that Baozun Inc will post 0.76 earnings per share for the current year.

A number of research analysts have commented on BZUN shares. BidaskClub downgraded shares of Baozun from a “hold” rating to a “sell” rating in a research note on Thursday, August 16th. Zacks Investment Research upgraded shares of Baozun from a “sell” rating to a “hold” rating in a research note on Tuesday, October 16th. Finally, ValuEngine downgraded shares of Baozun from a “buy” rating to a “hold” rating in a research note on Monday, November 12th. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $48.47.

ILLEGAL ACTIVITY WARNING: This news story was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are reading this news story on another domain, it was stolen and republished in violation of United States and international copyright & trademark laws. The correct version of this news story can be viewed at https://www.com-unik.info/2018/12/04/baozun-inc-bzun-shares-bought-by-franklin-resources-inc.html.

Baozun Profile

Baozun Inc provides e-commerce solutions for brand partners in the People's Republic of China. It offers end-to-end e-commerce solutions, including IT infrastructure setup and integration, online store design and setup, store operations, visual merchandizing and marketing campaigns, customer services, warehousing, and order fulfillment.

Further Reading: Treasury Bonds

Want to see what other hedge funds are holding BZUN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Baozun Inc (NASDAQ:BZUN).

Institutional Ownership by Quarter for Baozun (NASDAQ:BZUN)

Receive News & Ratings for Baozun Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baozun and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit