Tuniu (NASDAQ:TOUR) Upgraded to “Hold” at BidaskClub

BidaskClub upgraded shares of Tuniu (NASDAQ:TOUR) from a sell rating to a hold rating in a report released on Thursday, BidAskClub reports.

NASDAQ TOUR traded down $0.02 during mid-day trading on Thursday, reaching $3.15. 100 shares of the company’s stock traded hands, compared to its average volume of 17,769. Tuniu has a 1-year low of $2.48 and a 1-year high of $8.30. The firm’s fifty day simple moving average is $3.08.

Tuniu (NASDAQ:TOUR) last released its earnings results on Thursday, May 23rd. The technology company reported ($0.11) EPS for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.29. Tuniu had a negative return on equity of 1.18% and a negative net margin of 11.90%. The company had revenue of $68.07 million for the quarter.

A number of large investors have recently added to or reduced their stakes in TOUR. BlackRock Inc. raised its stake in Tuniu by 9.9% during the 4th quarter. BlackRock Inc. now owns 663,540 shares of the technology company’s stock valued at $3,224,000 after acquiring an additional 59,587 shares in the last quarter. Krane Funds Advisors LLC raised its stake in Tuniu by 9.4% during the 1st quarter. Krane Funds Advisors LLC now owns 578,253 shares of the technology company’s stock valued at $2,776,000 after acquiring an additional 49,530 shares in the last quarter. D. E. Shaw & Co. Inc. bought a new stake in Tuniu during the 4th quarter valued at $252,000. Segantii Capital Management Ltd bought a new stake in Tuniu during the 1st quarter valued at $39,000. Finally, Barclays PLC increased its position in shares of Tuniu by 335.5% during the 4th quarter. Barclays PLC now owns 5,509 shares of the technology company’s stock valued at $27,000 after purchasing an additional 4,244 shares during the period. 14.57% of the stock is currently owned by institutional investors.

About Tuniu

Tuniu Corporation operates as an online leisure travel company. The company offers a selection of packaged tours, including organized and self-guided tours; and other travel-related services, such as tourist attraction tickets selling, visa application services, accommodation reservation, financial services, and hotel booking services, as well as air, train, and bus ticketing for leisure travelers.

Further Reading: Cost of Debt

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