BNP Paribas Financial Markets Purchases 2,146,114 Shares of Jumia Technologies AG (NYSE:JMIA)

BNP Paribas Financial Markets lifted its holdings in Jumia Technologies AG (NYSE:JMIA - Free Report) by 802.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,413,574 shares of the company's stock after purchasing an additional 2,146,114 shares during the quarter. BNP Paribas Financial Markets owned 2.39% of Jumia Technologies worth $12,888,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the stock. Millennium Management LLC grew its holdings in shares of Jumia Technologies by 393.4% in the 2nd quarter. Millennium Management LLC now owns 372,920 shares of the company's stock worth $2,618,000 after acquiring an additional 297,333 shares during the last quarter. Headlands Technologies LLC bought a new stake in Jumia Technologies in the second quarter worth approximately $931,000. International Assets Investment Management LLC increased its position in Jumia Technologies by 685.9% during the third quarter. International Assets Investment Management LLC now owns 145,782 shares of the company's stock worth $778,000 after buying an additional 127,232 shares during the last quarter. Claro Advisors LLC acquired a new position in shares of Jumia Technologies during the 3rd quarter valued at about $283,000. Finally, XTX Topco Ltd bought a new position in shares of Jumia Technologies in the second quarter valued at approximately $359,000. Institutional investors and hedge funds own 16.50% of the company's stock.

Jumia Technologies Trading Down 0.8 %

JMIA traded down $0.03 during midday trading on Monday, hitting $3.87. The company had a trading volume of 2,264,634 shares, compared to its average volume of 3,872,690. Jumia Technologies AG has a twelve month low of $2.88 and a twelve month high of $15.04. The company has a current ratio of 1.80, a quick ratio of 1.73 and a debt-to-equity ratio of 0.07. The firm's 50-day simple moving average is $4.63 and its 200-day simple moving average is $6.51.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on JMIA. Royal Bank of Canada initiated coverage on Jumia Technologies in a research report on Wednesday, November 13th. They set a "sector perform" rating and a $5.00 price objective for the company. Benchmark cut their price objective on Jumia Technologies from $14.00 to $11.00 and set a "buy" rating for the company in a report on Wednesday, August 7th.

Jumia Technologies Company Profile

Jumia Technologies AG operates an e-commerce platform in West Africa, North Africa, East and South Africa, Europe, the United Arab Emirates, and internationally. The company's platform consists of marketplace that connects sellers with customers; logistics service, which enables the shipment and delivery of packages from sellers to consumers; and payment service, which facilitates transactions to participants active on the company's platform in selected markets under the JumiaPay name.