JPMorgan Chase & Co. Acquires 729,584 Shares of Jumia Technologies AG (NYSE:JMIA)

JPMorgan Chase & Co. lifted its holdings in shares of Jumia Technologies AG (NYSE:JMIA - Free Report) by 120,393.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 730,190 shares of the company's stock after acquiring an additional 729,584 shares during the quarter. JPMorgan Chase & Co. owned about 0.72% of Jumia Technologies worth $3,899,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Crumly & Associates Inc. acquired a new position in Jumia Technologies in the third quarter worth approximately $55,000. The Manufacturers Life Insurance Company bought a new stake in Jumia Technologies in the second quarter worth approximately $74,000. Wrapmanager Inc. bought a new position in Jumia Technologies during the third quarter valued at about $58,000. Hood River Capital Management LLC acquired a new stake in Jumia Technologies in the 2nd quarter worth approximately $93,000. Finally, Diversify Advisory Services LLC acquired a new position in Jumia Technologies in the 3rd quarter valued at $68,000. Institutional investors and hedge funds own 16.50% of the company's stock.

Jumia Technologies Stock Performance

JMIA stock traded down $0.04 during midday trading on Friday, reaching $3.71. The company's stock had a trading volume of 1,659,865 shares, compared to its average volume of 2,419,347. Jumia Technologies AG has a 52 week low of $2.89 and a 52 week high of $15.04. The business's 50-day simple moving average is $4.03 and its 200-day simple moving average is $5.72. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.80 and a quick ratio of 1.73.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada initiated coverage on Jumia Technologies in a report on Wednesday, November 13th. They issued a "sector perform" rating and a $5.00 price target for the company.

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.