Tuniu (TOUR) Downgraded to “Sell” at BidaskClub

BidaskClub downgraded shares of Tuniu (NASDAQ:TOUR) from a hold rating to a sell rating in a research note published on Tuesday.

Separately, Credit Suisse Group started coverage on shares of Tuniu in a research note on Tuesday, October 10th. They issued an outperform rating and a $11.00 price target on the stock.

Shares of Tuniu (NASDAQ TOUR) opened at $7.61 on Tuesday. Tuniu has a 52-week low of $6.69 and a 52-week high of $9.88.

Hedge funds have recently modified their holdings of the business. Hermes Investment Management Ltd. acquired a new stake in Tuniu in the 3rd quarter valued at $4,340,000. Renaissance Technologies LLC acquired a new stake in Tuniu in the 1st quarter valued at $741,000. Laurion Capital Management LP acquired a new stake in Tuniu in the 2nd quarter valued at $2,023,000. Nine Chapters Capital Management LLC acquired a new stake in Tuniu in the 3rd quarter valued at $129,000. Finally, BT Investment Management Ltd acquired a new stake in Tuniu in the 2nd quarter valued at $802,000.

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About Tuniu

Tuniu Corporation is an online leisure travel company. The Company offers a selection of packaged tours, including organized tours and self-guided tours, as well as travel-related services for leisure travelers. Its online platform, which consists of its tuniu.com Website and mobile platform, provides product and travel information to enable leisure travelers to plan their travels.

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