The Brokerages Set Qunar Cayman Islands Limited (QUNR) Price Target at $42.00

The Brokerages Set Qunar Cayman Islands Limited (QUNR) Price Target at $42.00

Qunar Cayman Islands Limited (NASDAQ:QUNR) has been assigned an average recommendation of “Hold” from the seven ratings firms that are currently covering the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $42.00.

Separately, Zacks Investment Research raised Qunar Cayman Islands Limited from a “sell” rating to a “hold” rating in a research note on Tuesday, November 8th.

Hedge funds and other institutional investors have recently modified their holdings of the company. Tobam increased its position in shares of Qunar Cayman Islands Limited by 59.5% in the second quarter. Tobam now owns 295,400 shares of the company’s stock valued at $8,800,000 after buying an additional 110,200 shares in the last quarter. BlackRock Fund Advisors increased its position in shares of Qunar Cayman Islands Limited by 23.9% in the third quarter. BlackRock Fund Advisors now owns 539,723 shares of the company’s stock valued at $15,652,000 after buying an additional 103,994 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Qunar Cayman Islands Limited by 2,921.6% in the third quarter. JPMorgan Chase & Co. now owns 74,814 shares of the company’s stock valued at $2,171,000 after buying an additional 72,338 shares in the last quarter. BlackRock Group LTD increased its position in shares of Qunar Cayman Islands Limited by 19.5% in the second quarter. BlackRock Group LTD now owns 409,691 shares of the company’s stock valued at $12,204,000 after buying an additional 66,925 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its position in shares of Qunar Cayman Islands Limited by 15.3% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 407,011 shares of the company’s stock valued at $12,125,000 after buying an additional 53,879 shares in the last quarter. Hedge funds and other institutional investors own 4.88% of the company’s stock.

Qunar Cayman Islands Limited (NASDAQ:QUNR) opened at 30.42 on Monday. Qunar Cayman Islands Limited has a 12 month low of $25.75 and a 12 month high of $45.82. The company has a 50-day moving average price of $30.11 and a 200 day moving average price of $29.69. The stock’s market capitalization is $4.43 billion.

About Qunar Cayman Islands Limited

Qunar Cayman Islands Limited (Qunar) is engaged in offering mobile and online commerce platform for travel in China. The Company offers a range of travel products, including flights, hotels, vacations packages, attraction tickets and other travel related offerings. The Company offers Qunar Travel, which is a mobile application that enables its users to search for and purchase travel products.

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