BNP Paribas Financial Markets lowered its holdings in Jumia Technologies AG (NYSE:JMIA - Free Report) by 35.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 91,433 shares of the company's stock after selling 50,479 shares during the period. BNP Paribas Financial Markets owned approximately 0.09% of Jumia Technologies worth $468,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of the business. Daiwa Securities Group Inc. purchased a new position in shares of Jumia Technologies in the 4th quarter worth about $61,000. Citigroup Inc. grew its position in Jumia Technologies by 12.2% during the third quarter. Citigroup Inc. now owns 117,783 shares of the company's stock valued at $311,000 after acquiring an additional 12,800 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in shares of Jumia Technologies by 59.3% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 28,880 shares of the company's stock worth $102,000 after acquiring an additional 10,746 shares in the last quarter. Jump Financial LLC bought a new stake in shares of Jumia Technologies in the 4th quarter worth approximately $113,000. Finally, International Assets Investment Management LLC boosted its stake in shares of Jumia Technologies by 236.3% in the 4th quarter. International Assets Investment Management LLC now owns 56,833 shares of the company's stock valued at $201,000 after purchasing an additional 39,933 shares in the last quarter. Institutional investors own 16.50% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, Benchmark started coverage on shares of Jumia Technologies in a research report on Tuesday, July 9th. They issued a "buy" rating and a $14.00 target price on the stock.
Check Out Our Latest Report on Jumia Technologies
Jumia Technologies Price Performance
JMIA traded down $0.77 on Tuesday, hitting $13.80. 10,457,176 shares of the company were exchanged, compared to its average volume of 3,919,623. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.27 and a quick ratio of 1.19. The firm has a fifty day simple moving average of $8.45 and a two-hundred day simple moving average of $5.99. Jumia Technologies AG has a 12 month low of $2.22 and a 12 month high of $15.04.
About Jumia Technologies
(
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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