Tuniu Corp. (TOUR) Stock Rating Upgraded by Zacks Investment Research
Tuniu Corp. (NASDAQ:TOUR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.
According to Zacks, “Tuniu Corporation operates as an online leisure travel company in China. The Company provides packaged tours, organized tours, self-guided tours and other travel related products and services. Its online platform consists of its tuniu.com Website and mobile platform. Tuniu Corporation is headquartered in Nanjing, the People’s Republic of China. “
Shares of Tuniu Corp. (NASDAQ:TOUR) opened at 9.20 on Friday. The company has a 50 day moving average of $0.00 and a 200 day moving average of $0.00. Tuniu Corp. has a 52-week low of $7.62 and a 52-week high of $17.07.
A number of large investors have recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of Tuniu Corp. by 211.9% in the first quarter. BlackRock Inc. now owns 10,238 shares of the company’s stock valued at $107,000 after buying an additional 6,956 shares during the period. Bank of Montreal Can bought a new stake in Tuniu Corp. during the second quarter valued at about $154,000. Quantitative Systematic Strategies LLC increased its stake in Tuniu Corp. by 38.2% in the second quarter. Quantitative Systematic Strategies LLC now owns 19,408 shares of the company’s stock valued at $163,000 after buying an additional 5,362 shares during the last quarter. California Public Employees Retirement System bought a new stake in Tuniu Corp. during the second quarter valued at about $557,000. Finally, First Trust Advisors LP increased its stake in Tuniu Corp. by 100.7% in the second quarter. First Trust Advisors LP now owns 144,659 shares of the company’s stock valued at $1,219,000 after buying an additional 72,574 shares during the last quarter. Hedge funds and other institutional investors own 16.58% of the company’s stock.
About Tuniu Corp.
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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