Qunar Cayman Islands Ltd. (NASDAQ:QUNR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Tuesday.

According to Zacks, “Qunar Cayman Islands Limited is a search-based commerce platform for the travel industry in China. The Company provides products and services for its users to search for travel products and promotions, plan itineraries and complete their travel purchases. Its customers include travel service providers and display advertisers. Qunar Cayman Islands Limited is headquartered in Beijing, the People’s Republic of China. “

Separately, Pacific Crest decreased their price objective on Qunar Cayman Islands from $57.00 to $51.00 and set an “outperform” rating on the stock in a research note on Thursday, August 25th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $41.00.

Analyst Recommendations for Qunar Cayman Islands (NASDAQ:QUNR)

Qunar Cayman Islands (NASDAQ:QUNR) opened at 30.00 on Tuesday. The company’s market capitalization is $4.37 billion. Qunar Cayman Islands has a 52-week low of $25.75 and a 52-week high of $55.93. The firm has a 50-day moving average price of $29.35 and a 200 day moving average price of $30.86.

A number of institutional investors have recently bought and sold shares of the company. Kassirer Asset Management Corp acquired a new position in Qunar Cayman Islands during the second quarter valued at approximately $298,000. Pictet Asset Management Ltd. boosted its position in Qunar Cayman Islands by 17.3% in the first quarter. Pictet Asset Management Ltd. now owns 42,082 shares of the company’s stock valued at $1,561,000 after buying an additional 6,200 shares during the last quarter. Penserra Capital Management LLC boosted its position in Qunar Cayman Islands by 459.0% in the second quarter. Penserra Capital Management LLC now owns 19,502 shares of the company’s stock valued at $581,000 after buying an additional 16,013 shares during the last quarter. Legal & General Group Plc boosted its position in Qunar Cayman Islands by 18.0% in the first quarter. Legal & General Group Plc now owns 43,300 shares of the company’s stock valued at $1,719,000 after buying an additional 6,600 shares during the last quarter. Finally, Emerald Acquisition Ltd. acquired a new position in Qunar Cayman Islands during the second quarter valued at approximately $472,000. Institutional investors and hedge funds own 5.08% of the company’s stock.

Qunar Cayman Islands Company Profile

Qunar Cayman Islands Limited (Qunar) is engaged in offering mobile and online commerce platform for travel in China. The Company offers a range of travel products, including flights, hotels, vacations packages, attraction tickets and other travel related offerings. The Company offers Qunar Travel, which is a mobile application that enables its users to search for and purchase travel products.

5 Day Chart for NASDAQ:QUNR

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