Van ECK Associates Corp lowered its holdings in shares of Jumia Technologies AG (NYSE:JMIA – Get Rating) by 17.9% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 86,652 shares of the company's stock after selling 18,837 shares during the period. Van ECK Associates Corp owned 0.09% of Jumia Technologies worth $830,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of JMIA. Renaissance Technologies LLC boosted its holdings in shares of Jumia Technologies by 1,227.0% during the fourth quarter. Renaissance Technologies LLC now owns 1,210,269 shares of the company's stock worth $13,797,000 after acquiring an additional 1,119,069 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of Jumia Technologies by 17.7% during the first quarter. International Assets Investment Management LLC now owns 22,950 shares of the company's stock worth $220,000 after acquiring an additional 3,450 shares during the period. 360 Financial Inc. bought a new stake in shares of Jumia Technologies during the first quarter worth approximately $118,000. C2C Wealth Management LLC bought a new stake in shares of Jumia Technologies during the fourth quarter worth approximately $116,000. Finally, Wealth Effects LLC bought a new stake in shares of Jumia Technologies during the fourth quarter worth approximately $224,000. Institutional investors own 37.98% of the company's stock.

Jumia Technologies Stock Up 7.1 %

NYSE JMIA opened at $7.80 on Thursday. The company has a current ratio of 2.67, a quick ratio of 2.55 and a debt-to-equity ratio of 0.04. Jumia Technologies AG has a 1-year low of $4.47 and a 1-year high of $22.15. The company has a 50 day moving average of $6.60 and a 200-day moving average of $7.51.

Wall Street Analysts Forecast Growth

Jumia Technologies Profile

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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 consumers; logistics service that 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.

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