Qunar Cayman Islands Ltd (QUNR) Stock Price Down 0%
Qunar Cayman Islands Ltd (NASDAQ:QUNR) shares were down 0% during trading on Friday . The stock traded as low as $29.02 and last traded at $29.49, with a volume of 87,871 shares traded. The stock had previously closed at $29.50.
Several research firms have recently weighed in on QUNR. Deutsche Bank AG downgraded Qunar Cayman Islands from a “buy” rating to a “hold” rating and decreased their target price for the stock from $48.70 to $38.00 in a research report on Friday, March 18th. Morgan Stanley downgraded Qunar Cayman Islands from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $54.00 to $40.00 in a research report on Tuesday, April 26th. HSBC downgraded Qunar Cayman Islands from a “buy” rating to a “hold” rating in a research report on Thursday, March 17th. Zacks Investment Research downgraded Qunar Cayman Islands from a “hold” rating to a “sell” rating in a research report on Wednesday, June 22nd. Finally, Credit Agricole SA upgraded Qunar Cayman Islands from a “sell” rating to an “underperform” rating in a research report on Thursday, June 16th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. Qunar Cayman Islands has an average rating of “Hold” and an average price target of $42.20.
The company’s market cap is $4.27 billion. The stock’s 50-day moving average is $30.21 and its 200-day moving average is $37.69.
Qunar Cayman Islands (NASDAQ:QUNR) last issued its earnings results on Wednesday, June 15th. The company reported ($1.13) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($2.51) by $1.38. Equities research analysts expect that Qunar Cayman Islands Ltd will post ($4.62) EPS for the current fiscal year.
A number of hedge funds recently modified their holdings of the stock. Swiss National Bank bought a new stake in shares of Qunar Cayman Islands during the fourth quarter valued at about $1,471,000. Mizuho Trust & Banking Co. Ltd. acquired a new position in Qunar Cayman Islands during the fourth quarter worth $1,572,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in Qunar Cayman Islands during the fourth quarter worth $1,672,000. BNP Paribas Arbitrage SA boosted its position in 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 in the last quarter. Finally, First Trust Advisors LP boosted its position in 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 in the last quarter.
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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