BlackRock Inc. Cuts Stake in Tuniu Corp (TOUR)

BlackRock Inc. trimmed its stake in shares of Tuniu Corp (NASDAQ:TOUR) by 9.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 568,223 shares of the technology company’s stock after selling 62,716 shares during the period. BlackRock Inc.’s holdings in Tuniu were worth $4,813,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Aperio Group LLC acquired a new stake in Tuniu in the second quarter valued at approximately $169,000. Bank of Montreal Can grew its holdings in Tuniu by 64.8% in the second quarter. Bank of Montreal Can now owns 65,370 shares of the technology company’s stock valued at $554,000 after purchasing an additional 25,698 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Tuniu by 13.8% in the first quarter. Dimensional Fund Advisors LP now owns 134,229 shares of the technology company’s stock valued at $808,000 after purchasing an additional 16,272 shares during the period. 20.68% of the stock is currently owned by hedge funds and other institutional investors.

Shares of TOUR opened at $5.71 on Friday. Tuniu Corp has a 12 month low of $5.70 and a 12 month high of $9.88.

Tuniu (NASDAQ:TOUR) last issued its quarterly earnings data on Wednesday, August 29th. The technology company reported ($0.02) EPS for the quarter, beating the consensus estimate 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 for the quarter.

Separately, BidaskClub raised Tuniu from a “sell” rating to a “hold” rating in a report on Saturday, September 29th.

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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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Institutional Ownership by Quarter for Tuniu (NASDAQ:TOUR)

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