Blueshift Asset Management LLC decreased its stake in Jumia Technologies AG (NYSE:JMIA – Get Rating) by 60.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,696 shares of the company's stock after selling 46,583 shares during the period. Blueshift Asset Management LLC's holdings in Jumia Technologies were worth $294,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of JMIA. Renaissance Technologies LLC grew its stake in shares of Jumia Technologies by 1,227.0% in 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 last quarter. Credit Suisse AG lifted its position in Jumia Technologies by 308.9% in the fourth quarter. Credit Suisse AG now owns 593,503 shares of the company's stock worth $6,766,000 after purchasing an additional 448,347 shares during the period. Cubist Systematic Strategies LLC lifted its position in Jumia Technologies by 518.2% in the fourth quarter. Cubist Systematic Strategies LLC now owns 343,255 shares of the company's stock worth $3,913,000 after purchasing an additional 287,730 shares during the period. Squarepoint Ops LLC lifted its position in Jumia Technologies by 94.2% in the fourth quarter. Squarepoint Ops LLC now owns 285,005 shares of the company's stock worth $3,249,000 after purchasing an additional 138,268 shares during the period. Finally, Profund Advisors LLC lifted its position in Jumia Technologies by 264.8% in the first quarter. Profund Advisors LLC now owns 115,127 shares of the company's stock worth $1,103,000 after purchasing an additional 83,568 shares during the period. Institutional investors and hedge funds own 19.74% of the company's stock.
Get Jumia Technologies alerts:Analyst Ratings Changes
Separately, Stifel Nicolaus reduced their target price on Jumia Technologies from $9.00 to $8.00 in a research report on Tuesday, June 28th.
Jumia Technologies Stock Down 0.1 %
Shares of JMIA stock opened at $7.38 on Friday. Jumia Technologies AG has a one year low of $4.47 and a one year high of $22.09. The stock has a fifty day moving average price of $6.75 and a 200 day moving average price of $7.45. The company has a quick ratio of 2.55, a current ratio of 2.67 and a debt-to-equity ratio of 0.04.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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