Tuniu (TOUR) Lowered to “Strong Sell” at BidaskClub
Tuniu (NASDAQ:TOUR) was downgraded by research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued on Saturday.
Separately, Credit Suisse Group cut shares of Tuniu from an “outperform” rating to a “neutral” rating in a research note on Wednesday.
Tuniu (NASDAQ TOUR) opened at $6.80 on Friday. The firm has a market cap of $893.41, a price-to-earnings ratio of -7.47 and a beta of 1.42. Tuniu has a 52 week low of $6.69 and a 52 week high of $9.88.
Tuniu declared that its board has authorized a stock buyback plan on Friday, January 12th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the technology company to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. State Street Corp grew its stake in Tuniu by 1.9% during the second quarter. State Street Corp now owns 123,549 shares of the technology company’s stock valued at $993,000 after acquiring an additional 2,306 shares in the last quarter. BlackRock Inc. grew its stake in shares of Tuniu by 1.3% in the 4th quarter. BlackRock Inc. now owns 585,633 shares of the technology company’s stock worth $4,491,000 after buying an additional 7,580 shares in the last quarter. Trexquant Investment LP grew its stake in shares of Tuniu by 113.5% in the 3rd quarter. Trexquant Investment LP now owns 30,008 shares of the technology company’s stock worth $235,000 after buying an additional 15,954 shares in the last quarter. Virtu Financial LLC grew its stake in shares of Tuniu by 137.0% in the 4th quarter. Virtu Financial LLC now owns 29,164 shares of the technology company’s stock worth $224,000 after buying an additional 16,857 shares in the last quarter. Finally, Bank of Montreal Can grew its stake in shares of Tuniu by 33.3% in the 4th quarter. Bank of Montreal Can now owns 73,356 shares of the technology company’s stock worth $563,000 after buying an additional 18,331 shares in the last quarter.
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Tuniu 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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