Qunar Cayman Islands Ltd. (QUNR) Scheduled to Post Earnings on Tuesday
Qunar Cayman Islands Ltd. (NASDAQ:QUNR) is scheduled to release its earnings data after the market closes on Tuesday, November 22nd. Analysts expect Qunar Cayman Islands to post earnings of ($0.09) per share for the quarter.
Shares of Qunar Cayman Islands Ltd. (NASDAQ:QUNR) opened at 29.98 on Friday. The company has a 50 day moving average price of $29.51 and a 200-day moving average price of $30.35. Qunar Cayman Islands Ltd. has a 12-month low of $25.75 and a 12-month high of $55.93. The firm’s market cap is $4.37 billion.
A number of brokerages have issued reports on QUNR. Zacks Investment Research raised shares of Qunar Cayman Islands from a “sell” rating to a “hold” rating in a report on Tuesday, November 8th. Pacific Crest cut their target price on shares of Qunar Cayman Islands from $57.00 to $51.00 and set an “outperform” rating on the stock in a report on Thursday, August 25th. One investment 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’s stock. Qunar Cayman Islands presently has an average rating of “Hold” and an average price target of $41.00.
Several large investors have recently added to or reduced their stakes in the stock. State Street Corp boosted its stake in Qunar Cayman Islands by 7.7% in the second quarter. State Street Corp now owns 588,442 shares of the company’s stock worth $17,530,000 after buying an additional 42,170 shares during the period. BlackRock Fund Advisors boosted its stake in Qunar Cayman Islands by 23.9% in the third quarter. BlackRock Fund Advisors now owns 539,723 shares of the company’s stock worth $15,652,000 after buying an additional 103,994 shares during the period. BlackRock Institutional Trust Company N.A. boosted its stake in Qunar Cayman Islands by 3.9% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 422,829 shares of the company’s stock worth $12,262,000 after buying an additional 15,818 shares during the period. BlackRock Group LTD boosted its stake in Qunar Cayman Islands by 19.5% in the second quarter. BlackRock Group LTD now owns 409,691 shares of the company’s stock worth $12,204,000 after buying an additional 66,925 shares during the period. Finally, Vanguard Group Inc. boosted its stake in Qunar Cayman Islands by 22.4% in the second quarter. Vanguard Group Inc. now owns 180,755 shares of the company’s stock worth $5,385,000 after buying an additional 33,108 shares during the period. 5.26% of the stock is currently owned by institutional investors.
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.
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