January 31, 2023

Tb Alternative Assets Ltd Increased Qunar Cayman Islands Ltd (NASDAQ:QUNR) by $12.45 Million as Shares Rose

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Qunar-CaymanBY JASON FELD From Wall Street Blog

JANUARY 27, 2016 ·

Tb Alternative Assets Ltd increased its stake in Qunar Cayman Islands Ltd (NASDAQ:QUNR) by 202.02% based on its latest Q4 2015 regulatory filing with the SEC. Tb Alternative Assets Ltd bought 239,429 shares as the company’s stock rose 75.74% with the market. The institutional investor held 357,944 shares of the programming company at the end of Q4, valued at $18.88M, up from 118,515 at the end of the previous reported quarter. Tb Alternative Assets Ltd who had been investing in Qunar Cayman Islands Ltd since many months, is probably bullish the $5.79 billion market cap company. The stock decreased 2.06% or $0.91 on January 26, hitting $43.28. Qunar Cayman Islands Ltd (NASDAQ:QUNR) has declined 0.30% since June 22, 2015 and is downtrending. It has outperformed by 10.03% the S&P500.

Tb Alternative Assets Ltd, which manages about $102.57M US Long portfolio, decreased its stake in Jd.Com Inc (NASDAQ:JD) by 410,108 shares to 189,892 shares, valued at $6.13 million in Q4, according to the filing.

Out of 12 analysts covering Qunar Cayman Islands Limited (NASDAQ:QUNR), 6 rate it “Buy”, 2 “Sell”, while 5 “Hold”. This means 46% are positive. $59.98 is the highest target while $7.29 is the lowest. The $46.09 average target is 1.66% above today’s ($43.28) stock price. Qunar Cayman Islands Limited was the topic in 9 analyst reports since August 25, 2015 according to StockzIntelligence Inc. Credit Agricole upgraded the stock on January 13 to “Underperform” rating. Pacific Crest maintained it with “Overweight” rating and $51 target price in an August 25 report. CLSA downgraded the shares of QUNR in a report on October 27 to “Sell” rating. Finally, Summit Research maintained the stock with “Hold” rating in an August 25 report.

Qunar Cayman Islands Limited is engaged in offering mobile and online commerce platform for travel in China. The company has a market cap of $5.79 billion. The Firm offers a range of travel products, including flights, hotels, vacations packages, attraction tickets and other travel related offerings. It currently has negative earnings. The Firm has developed Qunar Travel, its mobile application, which enables its users to search for and purchase travel products.

For more on this story go to: http://www.wallstreet.org/tb-alternative-assets-ltd-increased-qunar-cayman-islands-ltd-nasdaqqunr-by-12-45-million-as-shares-rose/

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