KEYWISE CAPITAL MANAGEMENT Ltd Buys Shares of 18,900 Baozun Inc. (BZUN)

KEYWISE CAPITAL MANAGEMENT Ltd acquired a new stake in Baozun Inc. (NASDAQ:BZUN) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 18,900 shares of the technology company’s stock, valued at approximately $419,000. Baozun accounts for 0.2% of KEYWISE CAPITAL MANAGEMENT Ltd’s investment portfolio, making the stock its 17th largest position.

Several other large investors also recently bought and sold shares of the company. Sei Investments Co. increased its position in shares of Baozun by 24.3% in the first quarter. Sei Investments Co. now owns 7,024 shares of the technology company’s stock worth $105,000 after buying an additional 1,373 shares during the last quarter. Rehmann Capital Advisory Group purchased a new stake in Baozun during the second quarter worth $283,000. Bank of Montreal Can raised its stake in Baozun by 269.1% in the second quarter. Bank of Montreal Can now owns 22,482 shares of the technology company’s stock worth $499,000 after buying an additional 16,391 shares during the period. Credit Suisse AG raised its stake in Baozun by 5.7% in the first quarter. Credit Suisse AG now owns 27,208 shares of the technology company’s stock worth $406,000 after buying an additional 1,463 shares during the period. Finally, Guggenheim Capital LLC purchased a new stake in Baozun during the fourth quarter worth $410,000. Hedge funds and other institutional investors own 28.44% of the company’s stock.

Baozun Inc. (BZUN) traded up 0.77% during midday trading on Friday, hitting $32.75. 2,143,352 shares of the stock traded hands. The stock has a market cap of $1.75 billion, a price-to-earnings ratio of 132.59 and a beta of 4.66. Baozun Inc. has a one year low of $9.02 and a one year high of $34.98. The company has a 50-day moving average price of $28.67 and a 200 day moving average price of $19.69.

Baozun (NASDAQ:BZUN) last posted its earnings results on Tuesday, May 16th. The technology company reported $0.07 EPS for the quarter, missing the Zacks’ consensus estimate of $0.08 by $0.01. The company had revenue of $804.90 million during the quarter, compared to analysts’ expectations of $802.98 million. Baozun had a net margin of 2.62% and a return on equity of 7.82%. The company’s quarterly revenue was up 20.5% on a year-over-year basis. During the same period last year, the business earned $0.04 earnings per share. Equities research analysts anticipate that Baozun Inc. will post $0.71 earnings per share for the current year.

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BZUN has been the topic of a number of research reports. BidaskClub raised shares of Baozun from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. Bank of America Corporation reissued a “buy” rating and set a $26.00 price objective (up from $18.70) on shares of Baozun in a report on Monday, May 15th. Finally, Zacks Investment Research raised shares of Baozun from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a report on Tuesday, July 25th.

Baozun Company Profile

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.