Shares of Qunar Cayman Islands Ltd (NASDAQ:QUNR) fell 0% during mid-day trading on Friday . The stock traded as low as $29.02 and last traded at $29.49, with a volume of 87,871 shares trading hands. The stock had previously closed at $29.50.

Several brokerages have issued reports on QUNR. Morgan Stanley cut Qunar Cayman Islands from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $54.00 to $40.00 in a report on Tuesday, April 26th. Credit Agricole SA cut Qunar Cayman Islands from an “underperform” rating to a “sell” rating in a report on Wednesday, May 4th. Deutsche Bank AG cut Qunar Cayman Islands from a “buy” rating to a “hold” rating and dropped their target price for the company from $48.70 to $38.00 in a report on Friday, March 18th. HSBC cut Qunar Cayman Islands from a “buy” rating to a “hold” rating in a report on Thursday, March 17th. Finally, Zacks Investment Research cut Qunar Cayman Islands from a “hold” rating to a “sell” rating in a report on Wednesday, June 22nd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. Qunar Cayman Islands has an average rating of “Hold” and a consensus target price of $42.20.

The stock’s 50 day moving average price is $30.21 and its 200-day moving average price is $37.69. The stock’s market capitalization is $4.27 billion.

Qunar Cayman Islands (NASDAQ:QUNR) last announced its quarterly earnings data on Wednesday, June 15th. The company reported ($1.13) EPS for the quarter, beating analysts’ consensus estimates of ($2.51) by $1.38. On average, analysts forecast that Qunar Cayman Islands Ltd will post ($4.62) EPS for the current year.

Other large investors recently made changes to their positions in the company. Swiss National Bank bought a new stake in shares of Qunar Cayman Islands during the fourth quarter worth approximately $1,471,000. Mizuho Trust & Banking Co. Ltd. bought a new stake in shares of Qunar Cayman Islands during the fourth quarter worth approximately $1,572,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new stake in shares of Qunar Cayman Islands during the fourth quarter worth approximately $1,672,000. BNP Paribas Arbitrage SA increased its stake in shares of Qunar Cayman Islands by 129.8% in the fourth quarter. BNP Paribas Arbitrage SA now owns 82,489 shares of the company’s stock worth $4,350,000 after buying an additional 46,599 shares during the period. Finally, First Trust Advisors LP increased its stake in shares of Qunar Cayman Islands by 125.9% in the fourth quarter. First Trust Advisors LP now owns 84,764 shares of the company’s stock worth $4,470,000 after buying an additional 47,242 shares during the period.

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 has developed Qunar Travel, its mobile application, which enables its users to search for and purchase travel products.

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