Jumei International Holding Limited (NYSE:JMEI) shot up 2.3% on Monday . The company traded as high as $3.18 and last traded at $2.94. 832,300 shares changed hands during trading, a decline of 9% from the average session volume of 911,197 shares. The stock had previously closed at $3.01.

Separately, BidaskClub raised shares of Jumei International Holding Limited from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th.

Large investors have recently made changes to their positions in the stock. Profund Advisors LLC grew its position in shares of Jumei International Holding Limited by 5.2% during the 2nd quarter. Profund Advisors LLC now owns 105,162 shares of the specialty retailer’s stock valued at $224,000 after buying an additional 5,155 shares during the last quarter. Davis Selected Advisers grew its position in shares of Jumei International Holding Limited by 3.6% during the 2nd quarter. Davis Selected Advisers now owns 105,490 shares of the specialty retailer’s stock valued at $225,000 after buying an additional 3,640 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Jumei International Holding Limited by 28.2% during the 1st quarter. Renaissance Technologies LLC now owns 2,941,800 shares of the specialty retailer’s stock valued at $10,855,000 after buying an additional 647,000 shares during the last quarter. Finally, Morgan Stanley grew its position in shares of Jumei International Holding Limited by 4.0% during the 1st quarter. Morgan Stanley now owns 3,680,383 shares of the specialty retailer’s stock valued at $13,580,000 after buying an additional 142,854 shares during the last quarter. 26.97% of the stock is owned by institutional investors and hedge funds.

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Jumei International Holding Limited Company Profile

Jumei International Holding Limited is an online retailer of beauty products. The Company’s sales formats consist of curated sales, online shopping mall and flash sales. The Company’s Jumei Global sales channel is part of its curated sales format. The Company’s curated sales format includes branded beauty products, baby, children and maternity products, light luxury products and health supplements.

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