Tuniu (TOUR) Stock Rating Lowered by BidaskClub

Tuniu (NASDAQ:TOUR) was downgraded by stock analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report issued on Friday, January 5th.

Separately, Credit Suisse Group started coverage on shares of Tuniu in a research report on Tuesday, October 10th. They issued an “outperform” rating and a $11.00 price target for the company.

Shares of Tuniu (NASDAQ TOUR) traded up $0.93 during trading on Friday, hitting $8.54. 851,224 shares of the stock traded hands, compared to its average volume of 159,195. Tuniu has a fifty-two week low of $6.69 and a fifty-two week high of $9.88. The firm has a market cap of $963.01, a PE ratio of -6.42 and a beta of 1.45.

Tuniu declared that its Board of Directors has approved a share buyback program on Friday, January 12th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the technology company to buy shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its shares are undervalued.

A number of institutional investors have recently made changes to their positions in the business. Yiheng Capital LLC raised its position in Tuniu by 70.9% during the 3rd quarter. Yiheng Capital LLC now owns 2,013,774 shares of the technology company’s stock worth $15,748,000 after buying an additional 835,409 shares during the last quarter. Hermes Investment Management Ltd. purchased a new position in shares of Tuniu in the 3rd quarter valued at about $4,340,000. Laurion Capital Management LP purchased a new position in shares of Tuniu in the 2nd quarter valued at about $2,023,000. State Street Corp increased its holdings in shares of Tuniu by 1.9% in the 2nd quarter. State Street Corp now owns 123,549 shares of the technology company’s stock valued at $993,000 after purchasing an additional 2,306 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Tuniu by 103.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 111,919 shares of the technology company’s stock valued at $875,000 after purchasing an additional 56,907 shares in the last quarter.

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Tuniu Company Profile

Tuniu Corporation is an online leisure travel company. The Company offers a selection of packaged tours, including organized tours and self-guided tours, as well as travel-related services for leisure travelers. Its online platform, which consists of its tuniu.com Website and mobile platform, provides product and travel information to enable leisure travelers to plan their travels.

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