Insider Buying: Tuniu (NASDAQ:TOUR) Insider Buys $12,264.00 in Stock

Tuniu Corporation (NASDAQ:TOUR) insider Anqiang Chen bought 16,800 shares of the business’s stock in a transaction that occurred on Friday, March 20th. The stock was purchased at an average cost of $0.73 per share, for a total transaction of $12,264.00. Following the completion of the transaction, the insider owned 49,900 shares in the company, valued at $36,427. This trade represents a 50.76% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Anqiang Chen also recently made the following trade(s):

• On Monday, March 23rd, Anqiang Chen bought 2,800 shares of Tuniu stock. The stock was purchased at an average price of $0.72 per share, with a total value of $2,016.00.

Tuniu Stock Performance

Shares of TOUR opened at $0.74 on Friday. The stock has a 50-day moving average of $0.67 and a two-hundred day moving average of $0.76. The stock has a market cap of $86.92 million, a P/E ratio of 14.85 and a beta of 0.45. Tuniu Corporation has a one year low of $0.56 and a one year high of $1.12.

Tuniu’s stock is scheduled 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 reaffirmed a “sell (e+)” rating on shares of Tuniu in a report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Tuniu

An institutional investor recently raised its position in Tuniu stock. Acadian Asset Management LLC boosted its holdings in shares of Tuniu Corporation (NASDAQ:TOUR) by 123.6% during the first quarter, according to its most recent disclosure 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.

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.