Nordea Investment Management AB Lowers Stake in Tuniu Corp (NASDAQ:TOUR)

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Nordea Investment Management AB lessened its holdings in Tuniu Corp (NASDAQ:TOUR) by 3.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 371,683 shares of the technology company’s stock after selling 14,623 shares during the quarter. Nordea Investment Management AB owned 0.29% of Tuniu worth $1,784,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Barclays PLC raised its stake in shares of Tuniu by 335.5% in the fourth quarter. Barclays PLC now owns 5,509 shares of the technology company’s stock valued at $27,000 after acquiring an additional 4,244 shares during the period. Segantii Capital Management Ltd bought a new position in shares of Tuniu in the first quarter worth about $39,000. Krane Funds Advisors LLC grew its holdings in Tuniu by 9.4% during the 1st quarter. Krane Funds Advisors LLC now owns 578,253 shares of the technology company’s stock worth $2,776,000 after acquiring an additional 49,530 shares in the last quarter. D. E. Shaw & Co. Inc. bought a new position in Tuniu during the 4th quarter worth about $252,000. Finally, BlackRock Inc. grew its holdings in Tuniu by 9.9% during the 4th quarter. BlackRock Inc. now owns 663,540 shares of the technology company’s stock worth $3,224,000 after acquiring an additional 59,587 shares in the last quarter. Institutional investors own 14.57% of the company’s stock.

Shares of NASDAQ:TOUR traded down $0.02 during trading on Friday, hitting $3.15. 14,510 shares of the stock traded hands, compared to its average volume of 18,698. Tuniu Corp has a 52-week low of $2.48 and a 52-week high of $8.30. The business’s fifty day simple moving average is $3.08.

Tuniu (NASDAQ:TOUR) last issued its quarterly earnings data on Thursday, May 23rd. The technology company reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.40) by $0.29. The firm had revenue of $68.07 million for the quarter. Tuniu had a negative net margin of 11.90% and a negative return on equity of 1.18%.

Separately, BidaskClub upgraded shares of WhiteHorse Finance from a “sell” rating to a “hold” rating in a report on Thursday.

Tuniu 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, accommodation reservation, financial services, and hotel booking services, as well as air, train, and bus ticketing for leisure travelers.

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Institutional Ownership by Quarter for Tuniu (NASDAQ:TOUR)

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