Qube Research & Technologies Ltd grew its holdings in shares of Jumia Technologies AG (NYSE:JMIA – Get Rating) by 293.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 53,506 shares of the company's stock after buying an additional 39,897 shares during the period. Qube Research & Technologies Ltd's holdings in Jumia Technologies were worth $513,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently bought and sold shares of the business. Fairfield Bush & CO. purchased a new stake in Jumia Technologies during the 1st quarter worth about $66,000. Baillie Gifford & Co. lifted its holdings in Jumia Technologies by 0.7% during the 1st quarter. Baillie Gifford & Co. now owns 9,989,558 shares of the company's stock worth $95,699,000 after buying an additional 66,952 shares during the last quarter. Advisor Group Holdings Inc. lifted its holdings in Jumia Technologies by 3.6% during the 1st quarter. Advisor Group Holdings Inc. now owns 41,248 shares of the company's stock worth $150,000 after buying an additional 1,431 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in Jumia Technologies by 17.7% during the 1st quarter. International Assets Investment Management LLC now owns 22,950 shares of the company's stock worth $220,000 after buying an additional 3,450 shares during the last quarter. Finally, Sterling Investment Advisors Ltd. lifted its holdings in Jumia Technologies by 108.4% during the 1st quarter. Sterling Investment Advisors Ltd. now owns 16,725 shares of the company's stock worth $160,000 after buying an additional 8,700 shares during the last quarter. 37.98% of the stock is owned by hedge funds and other institutional investors.
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JMIA opened at $7.78 on Monday. The business's 50-day simple moving average is $6.52 and its 200-day simple moving average is $7.53. 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 one year low of $4.47 and a one year high of $22.15.
Analyst Upgrades and Downgrades
Separately, Stifel Nicolaus decreased their price target on Jumia Technologies from $9.00 to $8.00 in a report on Tuesday, June 28th.About Jumia Technologies
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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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