OppenheimerFunds Inc. Grows Holdings in Baozun Inc (NASDAQ:BZUN)

OppenheimerFunds Inc. raised its stake in Baozun Inc (NASDAQ:BZUN) by 19.4% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 597,883 shares of the technology company’s stock after purchasing an additional 97,023 shares during the quarter. OppenheimerFunds Inc.’s holdings in Baozun were worth $24,836,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Advisor Group Inc. increased its stake in Baozun by 9.2% in the 1st quarter. Advisor Group Inc. now owns 3,071 shares of the technology company’s stock valued at $128,000 after buying an additional 259 shares during the period. Financial Advocates Investment Management increased its stake in Baozun by 23.6% in the 4th quarter. Financial Advocates Investment Management now owns 2,225 shares of the technology company’s stock valued at $159,000 after buying an additional 425 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in Baozun by 13.5% in the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 5,057 shares of the technology company’s stock valued at $143,000 after buying an additional 600 shares during the period. Quadrant Capital Group LLC increased its stake in Baozun by 67.0% in the 1st quarter. Quadrant Capital Group LLC now owns 1,769 shares of the technology company’s stock valued at $72,000 after buying an additional 710 shares during the period. Finally, Bank of Montreal Can increased its stake in Baozun by 9.4% in the 4th quarter. Bank of Montreal Can now owns 13,199 shares of the technology company’s stock valued at $385,000 after buying an additional 1,138 shares during the period. Hedge funds and other institutional investors own 57.75% of the company’s stock.

Baozun stock opened at $45.01 on Friday. The company has a market capitalization of $2.71 billion, a price-to-earnings ratio of 68.20 and a beta of 3.20. The company has a current ratio of 1.84, a quick ratio of 1.50 and a debt-to-equity ratio of 0.15. Baozun Inc has a twelve month low of $27.81 and a twelve month high of $65.93.

Baozun (NASDAQ:BZUN) last posted its earnings results on Wednesday, May 29th. The technology company reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.02). The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.28 billion. Baozun had a return on equity of 13.77% and a net margin of 4.99%. The business’s revenue was up 39.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.54 earnings per share. Equities research analysts forecast that Baozun Inc will post 1.17 earnings per share for the current year.

Several research analysts have weighed in on the stock. Zacks Investment Research lowered shares of Baozun from a “hold” rating to a “sell” rating in a research note on Thursday, June 6th. BidaskClub lowered shares of Baozun from a “buy” rating to a “hold” rating in a research note on Monday, May 20th.

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About Baozun

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

See Also: Return on Investment (ROI)

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Institutional Ownership by Quarter for Baozun (NASDAQ:BZUN)

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