Jumia Technologies AG (NYSE:JMIA) Stock Holdings Lifted by Wealth Effects LLC

Wealth Effects LLC lifted its holdings in Jumia Technologies AG (NYSE:JMIA) by 32.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 106,060 shares of the company’s stock after purchasing an additional 25,750 shares during the period. Wealth Effects LLC owned 0.10% of Jumia Technologies worth $566,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of JMIA. The Manufacturers Life Insurance Company bought a new stake in shares of Jumia Technologies during the 2nd quarter worth $74,000. Boston Standard Wealth Management LLC acquired a new stake in shares of Jumia Technologies in the second quarter worth $75,000. RFG Advisory LLC acquired a new position in Jumia Technologies during the 1st quarter valued at $56,000. Deuterium Capital Management LLC acquired a new stake in Jumia Technologies in the 1st quarter worth $63,000. Finally, Hood River Capital Management LLC bought a new position in shares of Jumia Technologies during the 2nd quarter worth about $93,000. 16.50% of the stock is currently owned by institutional investors.

Jumia Technologies Price Performance

Shares of JMIA traded down $0.16 during mid-day trading on Monday, reaching $4.75. The company had a trading volume of 1,382,096 shares, compared to its average volume of 4,060,615. The company’s 50-day moving average is $4.95 and its 200-day moving average is $6.67. The company has a current ratio of 1.11, a quick ratio of 1.05 and a debt-to-equity ratio of 0.22. Jumia Technologies AG has a twelve month low of $2.23 and a twelve month high of $15.04.

Wall Street Analyst Weigh In

Separately, Benchmark reduced their target price on Jumia Technologies from $14.00 to $11.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th.

Jumia Technologies Company Profile

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.