International Assets Investment Management LLC lifted its holdings in Jumia Technologies AG (NYSE:JMIA - Free Report) by 685.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 145,782 shares of the company's stock after acquiring an additional 127,232 shares during the period. International Assets Investment Management LLC owned 0.14% of Jumia Technologies worth $778,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. The Manufacturers Life Insurance Company bought a new position in shares of Jumia Technologies during the second quarter valued at approximately $74,000. Boston Standard Wealth Management LLC purchased a new stake in shares of Jumia Technologies in the 2nd quarter valued at $75,000. Deuterium Capital Management LLC acquired a new stake in shares of Jumia Technologies in the first quarter worth $63,000. RFG Advisory LLC raised its holdings in shares of Jumia Technologies by 13.6% during the second quarter. RFG Advisory LLC now owns 12,500 shares of the company's stock worth $88,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Hood River Capital Management LLC purchased a new position in Jumia Technologies during the second quarter valued at approximately $93,000. Hedge funds and other institutional investors own 16.50% of the company's stock.
Wall Street Analyst Weigh In
Separately, Benchmark dropped their target price on shares of Jumia Technologies from $14.00 to $11.00 and set a "buy" rating on the stock in a research report on Wednesday, August 7th.
Check Out Our Latest Research Report on JMIA
Jumia Technologies Stock Performance
Shares of NYSE JMIA traded up $0.08 during midday trading on Wednesday, reaching $4.81. 2,786,911 shares of the company were exchanged, compared to its average volume of 2,009,818. Jumia Technologies AG has a 1 year low of $2.46 and a 1 year high of $15.04. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.05 and a current ratio of 1.11. The stock has a fifty day simple moving average of $4.88 and a 200 day simple moving average of $6.67.
Jumia Technologies Profile
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Free Report)
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.
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