BNP Paribas Arbitrage SA boosted its stake in Qunar Cayman Islands Ltd. (NASDAQ:QUNR) by 30.9% during the third quarter, Holdings Channel reports. The fund owned 113,690 shares of the company’s stock after buying an additional 26,835 shares during the period. BNP Paribas Arbitrage SA’s holdings in Qunar Cayman Islands were worth $3,297,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of 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 worth $151,000 after buying an additional 700 shares in the last quarter. Parametrica Management Ltd bought a new stake in Qunar Cayman Islands during the second quarter worth about $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 worth $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 worth $280,000 after buying an additional 1,263 shares in the last quarter. Finally, Kassirer Asset Management Corp bought a new stake in Qunar Cayman Islands during the second quarter worth about $298,000. 4.82% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Qunar Cayman Islands (NASDAQ:QUNR)

Qunar Cayman Islands Ltd. (NASDAQ:QUNR) traded up 0.10% on Tuesday, reaching $30.00. The company had a trading volume of 94,406 shares. The firm’s market capitalization is $4.37 billion. The stock has a 50 day moving average of $29.67 and a 200 day moving average of $29.90. Qunar Cayman Islands Ltd. has a 12 month low of $25.75 and a 12 month high of $55.93.

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QUNR has been the topic of a number of analyst reports. Zacks Investment Research raised Qunar Cayman Islands from a “sell” rating to a “hold” rating in a research report on Wednesday, August 17th. Pacific Crest dropped their price objective on Qunar Cayman Islands from $57.00 to $51.00 and set an “outperform” rating on the stock in a report on Thursday, August 25th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $42.00.

Qunar Cayman Islands Company Profile

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.

5 Day Chart for NASDAQ:QUNR

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