Jumei International (JMEI) Sees Strong Trading Volume

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Jumei International Holding Ltd (NYSE:JMEI) saw strong trading volume on Monday . 1,424,358 shares were traded during mid-day trading, an increase of 146% from the previous session’s volume of 579,574 shares.The stock last traded at $2.50 and had previously closed at $2.45.

Separately, ValuEngine downgraded Jumei International from a “hold” rating to a “sell” rating in a report on Thursday, December 27th.

Large investors have recently made changes to their positions in the stock. Wealth Architects LLC purchased a new stake in Jumei International during the 4th quarter worth approximately $37,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in Jumei International by 108.7% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 136,400 shares of the specialty retailer’s stock valued at $250,000 after purchasing an additional 71,030 shares during the period. BlackRock Inc. raised its stake in shares of Jumei International by 6.5% in the 3rd quarter. BlackRock Inc. now owns 1,628,740 shares of the specialty retailer’s stock worth $3,468,000 after buying an additional 98,743 shares in the last quarter. Virtu Financial LLC raised its position in shares of Jumei International by 158.8% during the fourth quarter. Virtu Financial LLC now owns 54,665 shares of the specialty retailer’s stock worth $100,000 after purchasing an additional 33,545 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Jumei International by 287.0% during the third quarter. Dimensional Fund Advisors LP now owns 245,981 shares of the specialty retailer’s stock worth $525,000 after purchasing an additional 182,421 shares during the period. Institutional investors and hedge funds own 5.52% of the company’s stock.

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Jumei International Company Profile (NYSE:JMEI)

Jumei International Holding Limited operates as an online retailer of beauty products in the People's Republic of China. The company offers beauty products, such as cosmetics, skin care, cosmetic applicators, fragrance, and body care products; and beauty products for men, and baby and children. It also provides apparel and other lifestyle products, including women's wear, footwear, lingerie, handbags and luggage, men's wear, sportswear and sporting goods, accessories, home goods, and other lifestyle products, as well as baby, children, and maternity products; and snacks, cereals, and health supplements.

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