Shares of Qunar Cayman Islands Ltd (NASDAQ:QUNR) saw unusually-high trading volume on Wednesday . Approximately 172,461 shares changed hands during trading, an increase of 37% from the previous session’s volume of 125,883 shares.The stock last traded at $28.94 and had previously closed at $29.02.

Several equities analysts have recently weighed in on QUNR shares. Pacific Crest decreased their price target on shares of Qunar Cayman Islands from $57.00 to $51.00 and set an “outperform” rating for the company in a research note on Thursday, August 25th. Zacks Investment Research cut shares of Qunar Cayman Islands from a “hold” rating to a “sell” rating in a research note on Wednesday, June 22nd. Credit Agricole SA raised shares of Qunar Cayman Islands from a “sell” rating to an “underperform” rating in a research note on Thursday, June 16th. Finally, Morgan Stanley decreased their price target on shares of Qunar Cayman Islands from $40.00 to $33.00 and set an “equal weight” rating for the company in a research note on Monday, June 20th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $42.00.

The firm’s 50-day moving average is $29.54 and its 200-day moving average is $33.36. The stock’s market capitalization is $4.22 billion.

Qunar Cayman Islands (NASDAQ:QUNR) last issued its quarterly earnings results on Wednesday, August 31st. The company reported ($0.72) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.36) by $0.36. Equities analysts anticipate that Qunar Cayman Islands Ltd will post ($0.73) EPS for the current fiscal year.

A number of institutional investors have recently modified their holdings of QUNR. 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 about $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 about $298,000.

Qunar Cayman Islands Company Profile

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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