Today, Qunar Cayman Islands Ltd. (QUNR) Upgraded to “Hold” at The Zacks Investment Research

Today, Qunar Cayman Islands Ltd. (QUNR) Upgraded to “Hold” at The Zacks Investment Research
Qunar Cayman Islands Ltd. (NASDAQ:QUNR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Tuesday.

According to Zacks, “Qunar Cayman Islands Limited is a search-based commerce platform for the travel industry in China. The Company provides products and services for its users to search for travel products and promotions, plan itineraries and complete their travel purchases. Its customers include travel service providers and display advertisers. Qunar Cayman Islands Limited is headquartered in Beijing, the People’s Republic of China. “

Separately, Pacific Crest dropped 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. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $42.00.

Shares of Qunar Cayman Islands (NASDAQ:QUNR) opened at 29.99 on Tuesday. The stock’s 50 day moving average is $29.64 and its 200-day moving average is $30.06. The stock’s market cap is $4.37 billion. Qunar Cayman Islands has a 12-month low of $25.75 and a 12-month high of $55.93.

A number of large investors have recently made changes to their positions in QUNR. Teacher Retirement System of Texas raised its stake in 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 in the last quarter. Parametrica Management Ltd acquired a new stake in Qunar Cayman Islands during the second quarter valued at approximately $211,000. British Columbia Investment Management Corp raised 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 in the last quarter. Shell Asset Management Co. raised 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 in the last quarter. Finally, Kassirer Asset Management Corp acquired a new stake in Qunar Cayman Islands during the second quarter valued at approximately $298,000. Institutional investors own 5.22% of the company’s stock.

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.

Related posts

Leave a Comment