Qunar Cayman Islands Ltd. (NASDAQ:QUNR) has been assigned an average rating of “Hold” from the eight brokerages that are covering the firm. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $40.80.

QUNR has been the subject of a number of research analyst reports. Pacific Crest cut their target price on shares of Qunar Cayman Islands from $57.00 to $51.00 and set an “outperform” rating for the company in a research report on Thursday, August 25th. Zacks Investment Research upgraded shares of Qunar Cayman Islands from a “sell” rating to a “hold” rating in a research report on Wednesday, August 17th.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Teacher Retirement System of Texas raised its position in shares of Qunar Cayman Islands by 16.0% in the second quarter. Teacher Retirement System of Texas now owns 5,080 shares of the company’s stock valued at $151,000 after buying an additional 700 shares during the period. Parametrica Management Ltd acquired a new position in shares of Qunar Cayman Islands during the second quarter valued at approximately $211,000. British Columbia Investment Management Corp raised its position in shares of Qunar Cayman Islands by 36.4% in the second quarter. British Columbia Investment Management Corp now owns 7,500 shares of the company’s stock valued at $223,000 after buying an additional 2,000 shares during the period. Shell Asset Management Co. raised its position in shares of Qunar Cayman Islands by 15.5% in the second quarter. Shell Asset Management Co. now owns 9,405 shares of the company’s stock valued at $280,000 after buying an additional 1,263 shares during the period. Finally, Kassirer Asset Management Corp acquired a new position in shares of Qunar Cayman Islands during the second quarter valued at approximately $298,000. Institutional investors own 5.08% of the company’s stock.

Qunar Cayman Islands (NASDAQ:QUNR) opened at 29.89 on Thursday. The firm’s market cap is $4.36 billion. Qunar Cayman Islands has a one year low of $25.75 and a one year high of $55.93. The firm has a 50-day moving average of $29.39 and a 200-day moving average of $30.76.

About Qunar Cayman Islands

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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