Tuniu (NASDAQ:TOUR) Insider Anqiang Chen Acquires 16,800 Shares

Tuniu Corporation (NASDAQ:TOUR) insider Anqiang Chen bought 16,800 shares of the business’s stock in a transaction dated Friday, March 20th. The shares were bought at an average cost of $0.73 per share, for a total transaction of $12,264.00. Following the transaction, the insider owned 49,900 shares in the company, valued at approximately $36,427. The trade was a 50.76% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 shares were bought at an average price of $0.72 per share, for a total transaction of $2,016.00.

Tuniu Stock Down 5.2%

Shares of TOUR opened at $0.69 on Tuesday. The business has a fifty day moving average of $0.67 and a 200 day moving average of $0.76. The company has a market cap of $80.41 million, a PE ratio of 13.74 and a beta of 0.45. Tuniu Corporation has a 52-week low of $0.56 and a 52-week high of $1.12.

Shares of Tuniu are set 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 market closes on Tuesday, April 21st.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Tuniu

An institutional investor recently bought a new position in Tuniu stock. Jane Street Group LLC acquired a new stake in shares of Tuniu Corporation (NASDAQ:TOUR) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 50,564 shares of the technology company’s stock, valued at approximately $31,000.

Tuniu Company Profile

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.