Yu Dunde Purchases 27,000 Shares of Tuniu (NASDAQ:TOUR) Stock

Tuniu Corporation (NASDAQ:TOUR) CEO Yu Dunde bought 27,000 shares of the stock in a transaction that occurred on Monday, March 23rd. The shares were bought at an average price of $0.73 per share, for a total transaction of $19,710.00. Following the completion of the transaction, the chief executive officer directly owned 35,895 shares of the company’s stock, valued at $26,203.35. This represents a 303.54% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

Yu Dunde also recently made the following trade(s):

• On Tuesday, March 24th, Yu Dunde purchased 2,000 shares of Tuniu stock. The shares were bought at an average cost of $0.72 per share, with a total value of $1,440.00.

Tuniu Stock Down 3.6%

Shares of TOUR opened at $0.74 on Friday. The business has a 50-day simple moving average of $0.67 and a two-hundred day simple moving average of $0.76. Tuniu Corporation has a 52 week low of $0.56 and a 52 week high of $1.12. The stock has a market cap of $86.92 million, a price-to-earnings ratio of 14.85 and a beta of 0.45.

Shares of Tuniu are going to reverse split before the market opens 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.

Hedge Funds Weigh In On Tuniu

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Tuniu in a research report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

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.