Exchange Traded Concepts LLC increased its stake in Jumia Technologies AG (NYSE: JMIA – Get Rating) by 94.7% in the first quarter, according to its latest filing with the Securities and Exchange Commission. The company held 5,586 shares of the company after purchasing an additional 2,717 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Jumia Technologies were worth $54,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of JMIA. Handelsbanken Fonder AB increased its equity stake in Jumia Technologies by 10.2% during the fourth quarter. Handelsbanken Fonder AB now owns 16,200 shares of the company valued at $185,000 after acquiring an additional 1,500 shares in the last quarter. Spire Wealth Management increased its holdings of Jumia Technologies shares by 432.1% during the fourth quarter. Spire Wealth Management now owns 2,586 shares of the company valued at $29,000 after acquiring 2,100 additional shares in the last quarter. OneAscent Wealth Management LLC increased its holdings of Jumia Technologies shares by 47.0% during the fourth quarter. OneAscent Wealth Management LLC now owns 19,339 shares of the company valued at $220,000 after acquiring an additional 6,181 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its equity stake in Jumia Technologies by 66.6% during the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 18,070 shares of the company valued at $216,000 after acquiring an additional 7,226 shares in the last quarter. Finally, Sterling Investment Advisors Ltd. increased its holdings of Jumia Technologies shares by 15,950.0% during the fourth quarter. Sterling Investment Advisors Ltd. now owns 8,025 shares of the company valued at $91,000 after acquiring an additional 7,975 shares in the last quarter. Institutional investors and hedge funds own 37.98% of the company’s shares.
Jumia Technologies Stock Up 1.7%
JMIA stock opened at $5.40 on Tuesday. The company has a debt ratio of 0.02, a quick ratio of 3.09 and a current ratio of 3.20. The company has a 50-day simple moving average of $6.44 and a 200-day simple moving average of $7.93. Jumia Technologies AG has a 1-year low of $4.47 and a 1-year high of $24.47.
Analysts set new price targets
Separately, Stifel Nicolaus cut his price target on Jumia Technologies from $9.00 to $8.00 in a Tuesday, June 28 report.
Jumia Technologies Company Profile
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Jumia Technologies AG operates an e-commerce platform in West Africa, North Africa, East and South Africa, Europe, United Arab Emirates and internationally. The company’s platform consists of a marketplace that connects sellers to consumers; logistics service that enables the shipping and delivery of packages from sellers to consumers; and a payment service, which facilitates transactions for participants active on the company’s platform in selected markets.
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