First Trust Advisors LP raised its position in shares of Tuniu Corp. (NASDAQ:TOUR) by 100.7% during the second quarter, Holdings Channel reports. The institutional investor owned 144,659 shares of the company’s stock after buying an additional 72,574 shares during the period. First Trust Advisors LP owned about 0.15% of Tuniu Corp. worth $1,219,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. BlackRock Inc. boosted its position 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 last quarter. JPMorgan Chase & Co. boosted its position in shares of Tuniu Corp. by 5,355.4% in the first quarter. JPMorgan Chase & Co. now owns 616,946 shares of the company’s stock valued at $6,435,000 after buying an additional 605,637 shares during the last quarter. Greenwoods Asset Management Ltd boosted its position in shares of Tuniu Corp. by 32.1% in the first quarter. Greenwoods Asset Management Ltd now owns 2,058,000 shares of the company’s stock valued at $21,465,000 after buying an additional 500,000 shares during the last quarter. Edmond DE Rothschild Holding S.A. boosted its position in shares of Tuniu Corp. by 101.3% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 135,700 shares of the company’s stock valued at $1,415,000 after buying an additional 68,300 shares during the last quarter. Finally, Geode Capital Management LLC purchased a new position in shares of Tuniu Corp. during the first quarter valued at approximately $127,000. 16.61% of the stock is owned by hedge funds and other institutional investors.
Tuniu Corp. (NASDAQ:TOUR) traded down 3.16% during trading on Friday, reaching $10.12. 261,175 shares of the company were exchanged. The firm’s 50-day moving average is $9.70 and its 200 day moving average is $9.56. The company’s market capitalization is $944.57 million. Tuniu Corp. has a one year low of $7.62 and a one year high of $17.07.
Tuniu Corp. (NASDAQ:TOUR) last issued its earnings results on Tuesday, August 23rd. The company reported ($0.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.64) by $0.26. The business had revenue of $355.50 million for the quarter, compared to the consensus estimate of $374.99 million. Tuniu Corp. had a negative return on equity of 46.28% and a negative net margin of 24.53%. Tuniu Corp.’s revenue for the quarter was up 55.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($3.20) EPS. On average, analysts anticipate that Tuniu Corp. will post ($2.45) EPS for the current fiscal year.
Separately, Zacks Investment Research upgraded shares of Tuniu Corp. from a “hold” rating to a “buy” rating and set a $9.50 price objective for the company in a research report on Saturday, August 27th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Tuniu Corp. presently has a consensus rating of “Buy” and an average price target of $14.13.
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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