Qunar Cayman Islands Ltd. (QUNR) Shares Bought by BNP Paribas Arbitrage SA
BNP Paribas Arbitrage SA raised its stake in Qunar Cayman Islands Ltd. (NASDAQ:QUNR) by 30.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 113,690 shares of the company’s stock after buying an additional 26,835 shares during the period. BNP Paribas Arbitrage SA owned 0.08% of Qunar Cayman Islands worth $3,297,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in the company. Legal & General Group Plc increased its stake 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 period. British Columbia Investment Management Corp increased its stake in 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. TB Alternative Assets Ltd. acquired a new stake in Qunar Cayman Islands during the second quarter valued at $1,760,000. Parametrica Management Ltd acquired a new stake in Qunar Cayman Islands during the second quarter valued at $211,000. Finally, Shell Asset Management Co. increased its stake in 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. Institutional investors and hedge funds own 4.82% of the company’s stock.
Qunar Cayman Islands Ltd. (NASDAQ:QUNR) traded up 0.10% during trading on Tuesday, reaching $30.00. The company’s stock had a trading volume of 94,406 shares. The stock has a 50 day moving average price of $29.67 and a 200 day moving average price of $29.90. Qunar Cayman Islands Ltd. has a 1-year low of $25.75 and a 1-year high of $55.93. The stock’s market capitalization is $4.37 billion.
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Several equities analysts have recently commented on QUNR shares. Zacks Investment Research upgraded Qunar Cayman Islands from a “sell” rating to a “hold” rating in a research note on Wednesday, August 17th. Pacific Crest cut their price target 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 investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $42.00.
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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