Tuniu (NASDAQ:TOUR) Insider Acquires $12,264.00 in Stock

Tuniu Corporation (NASDAQ:TOUR) insider Anqiang Chen bought 16,800 shares of the stock in a transaction on Friday, March 20th. The shares were bought at an average price of $0.73 per share, with a total value of $12,264.00. Following the acquisition, the insider owned 49,900 shares of the company’s stock, valued at $36,427. This trade represents a 50.76% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Anqiang Chen also recently made the following trade(s):

• On Monday, March 23rd, Anqiang Chen purchased 2,800 shares of Tuniu stock. The stock was bought at an average price of $0.72 per share, for a total transaction of $2,016.00.

Tuniu Trading Down 5.2%

TOUR opened at $0.69 on Tuesday. The firm has a market cap of $80.41 million, a price-to-earnings ratio of 13.74 and a beta of 0.45. Tuniu Corporation has a 12 month low of $0.56 and a 12 month high of $1.12. The stock has a fifty day moving average price of $0.67 and a 200-day moving average price of $0.76.

Tuniu’s stock is scheduled to reverse split on Wednesday, April 22nd. The 1-10 reverse split was announced on Friday, March 20th. The number of shares owned by shareholders will be adjusted after the closing bell on Tuesday, April 21st.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Tuniu in a report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Hedge Funds Weigh In On Tuniu

A hedge fund recently raised its stake in Tuniu stock. Acadian Asset Management LLC grew its holdings in shares of Tuniu Corporation (NASDAQ:TOUR) by 123.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 103,781 shares of the technology company’s stock after purchasing an additional 57,358 shares during the period. Acadian Asset Management LLC owned approximately 0.09% of Tuniu worth $112,000 at the end of the most recent quarter.

About Tuniu

Tuniu International Limited is a China-based online leisure travel company that operates a comprehensive travel services platform under the brand name Tuniu (NASDAQ: TOUR). Headquartered in Nanjing, the company was founded in 2006 and was incorporated in the Cayman Islands in May 2010. Tuniu completed its initial public offering on the Nasdaq Stock Market in December 2014, positioning itself to expand its suite of digital travel offerings and strengthen its strategic partnerships with suppliers and local agencies.

The company’s flagship platform, tuniu.com, provides a broad array of travel products and services, including packaged group tours, customized private tours, independent travel solutions, corporate travel management, hotel and resort bookings, air ticketing, cruise vacations and car rentals.