Hermes Investment Management Ltd. Invests $4.34 Million in Tuniu Corp (TOUR) Stock
Hermes Investment Management Ltd. acquired a new stake in Tuniu Corp (NASDAQ:TOUR) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 554,937 shares of the technology company’s stock, valued at approximately $4,340,000. Hermes Investment Management Ltd. owned 0.59% of Tuniu Corp at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in the business. State Street Corp raised its position in Tuniu Corp by 1.9% in the second quarter. State Street Corp now owns 123,549 shares of the technology company’s stock valued at $993,000 after purchasing an additional 2,306 shares during the period. Yiheng Capital LLC raised its position in Tuniu Corp by 22.9% in the second quarter. Yiheng Capital LLC now owns 1,178,365 shares of the technology company’s stock valued at $9,462,000 after purchasing an additional 219,323 shares during the period. Dimensional Fund Advisors LP purchased a new position in Tuniu Corp in the second quarter valued at about $442,000. Profund Advisors LLC raised its position in Tuniu Corp by 40.7% in the second quarter. Profund Advisors LLC now owns 16,748 shares of the technology company’s stock valued at $134,000 after purchasing an additional 4,848 shares during the period. Finally, Laurion Capital Management LP purchased a new position in Tuniu Corp in the second quarter valued at about $2,023,000.
TOUR has been the topic of several research reports. BidaskClub lowered Tuniu Corp from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Credit Suisse Group started coverage on Tuniu Corp in a research note on Tuesday, October 10th. They set an “outperform” rating and a $11.00 target price for the company.
Shares of Tuniu Corp (TOUR) opened at 7.67 on Monday. The stock’s 50 day moving average price is $7.79 and its 200 day moving average price is $7.96. Tuniu Corp has a 52 week low of $6.73 and a 52 week high of $9.91. The firm’s market capitalization is $715.89 million.
Tuniu Corp (NASDAQ:TOUR) last released its earnings results on Wednesday, August 16th. The technology company reported ($0.25) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.25). The firm had revenue of $460.10 million during the quarter, compared to analyst estimates of $455.05 million. Tuniu Corp had a negative net margin of 58.86% and a negative return on equity of 27.21%. The business’s revenue was up 51.9% on a year-over-year basis. During the same quarter in the previous year, the business earned ($6.06) EPS. On average, analysts predict that Tuniu Corp will post ($0.77) EPS for the current fiscal year.
Tuniu Corp Company Profile
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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