STOCKS NEWS EUROPE-Kinnevik slips 5 pct after Feb web traffic data

Zalando, Europe's biggest online fashion retailer, sees a second month of sub-20 percent growth in unique visitors to its website in February, ComScore data shows, sending shares in its biggest owner Kinnevik down more than 5 percent.

Shares in Kinnevik, which has a 36 percent stake in the firm, trade at 223.40 crowns per share by 1329 GMT, making the firm one of the biggest losers in the FTSEurofirst 300 index.

Data from U.S. Internet analytics firm comScore published on Friday shows the number of unique visits to the retailer growing 17.4 percent in February from the previous year - roughly the same pace as January and continuing a streak of slower growth.

The data does not include key mobile traffic data for the fashion retailer, which now makes up over 35 percent its traffic come from mobile users.

Danske Bank (Other OTC: DNSKF - news) , which has a 290 crowns per share target price on Kinnevik, writes in a note that it sees the February data as a buying opportunity.

"It shows that the momentum is unchanged vs January and we had the impression that the market was expecting decelerating growth post January data which is why we are surprised by the share price reaction," it says.

Zalando, which competes with British online fashion retailer ASOS (Other OTC: ASOMF - news) , has previously said it has no plans to expand to new markets this year and is spending less on marketing, meaning its rate of growth in unique users should naturally slow.

Total (NYSE: TOT - news) visits to the site were up 29.6 percent.

Zalando declined to comment and Kinnevik did not reply to requests for comment.

Reuters Messaging: mia.shanley.thomsonreuters.com@reuters.net