BlackRock Inc. reduced its stake in shares of Tuniu Corp (NASDAQ:TOUR) by 9.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 568,223 shares of the technology company’s stock after selling 62,716 shares during the quarter. BlackRock Inc. owned approximately 0.44% of Tuniu worth $4,813,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of TOUR. Aperio Group LLC purchased a new stake in shares of Tuniu during the 2nd quarter worth $169,000. Bank of Montreal Can lifted its stake in shares of Tuniu by 64.8% during the 2nd quarter. Bank of Montreal Can now owns 65,370 shares of the technology company’s stock worth $554,000 after purchasing an additional 25,698 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Tuniu by 13.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 134,229 shares of the technology company’s stock worth $808,000 after purchasing an additional 16,272 shares during the last quarter. Hedge funds and other institutional investors own 20.68% of the company’s stock.
Tuniu stock opened at $5.71 on Friday. Tuniu Corp has a one year low of $5.70 and a one year high of $9.88.
Tuniu (NASDAQ:TOUR) last released its quarterly earnings results on Wednesday, August 29th. The technology company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.04. Tuniu had a negative return on equity of 3.82% and a negative net margin of 16.19%. The company had revenue of $79.38 million during the quarter.
Separately, BidaskClub cut Tuniu from a “hold” rating to a “sell” rating in a research note on Friday, October 5th.
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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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