BidaskClub lowered shares of Tuniu (NASDAQ:TOUR) from a hold rating to a sell rating in a research report sent to investors on Friday morning.

Shares of TOUR traded down $0.26 during mid-day trading on Friday, hitting $6.45. 70,928 shares of the company were exchanged, compared to its average volume of 61,373. Tuniu has a 1-year low of $5.81 and a 1-year high of $9.88.

Tuniu (NASDAQ:TOUR) last released its quarterly earnings results on Wednesday, August 29th. The technology company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.04. Tuniu had a negative net margin of 16.19% and a negative return on equity of 3.82%. The firm had revenue of $79.38 million during the quarter.

Several institutional investors and hedge funds have recently added to or reduced their stakes in TOUR. Yiheng Capital LLC raised its position in shares of Tuniu by 50.0% during the 2nd quarter. Yiheng Capital LLC now owns 4,013,163 shares of the technology company’s stock worth $33,991,000 after purchasing an additional 1,338,561 shares during the last quarter. Krane Funds Advisors LLC acquired a new stake in Tuniu in the 2nd quarter valued at about $6,556,000. Dimensional Fund Advisors LP raised its holdings in Tuniu by 35.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 181,956 shares of the technology company’s stock valued at $1,541,000 after acquiring an additional 47,727 shares during the last quarter. BlackRock Inc. raised its holdings in Tuniu by 7.7% in the 1st quarter. BlackRock Inc. now owns 630,939 shares of the technology company’s stock valued at $3,799,000 after acquiring an additional 45,306 shares during the last quarter. Finally, Bank of Montreal Can raised its holdings in Tuniu by 64.8% in the 2nd quarter. Bank of Montreal Can now owns 65,370 shares of the technology company’s stock valued at $554,000 after acquiring an additional 25,698 shares during the last quarter. Hedge funds and other institutional investors own 20.70% of the company’s stock.

Tuniu Company Profile

Tuniu Corporation operates as an online leisure travel company. The company offers a selection of packaged tours, including organized and self-guided tours; and other travel-related services, such as tourist attraction tickets selling, visa application services, financial services, and hotel booking services, as well as air, train, and bus ticketing and car rental services for leisure travelers.

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