Morgan Stanley boosted its holdings in shares of Jumia Technologies AG – (NYSE:JMIA) by 12.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).
The institutional investor owned 45,204 shares of the company’s stock after purchasing an additional 5,044 shares during the period. Morgan Stanley’s holdings in Jumia Technologies were worth $133,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Bank of America Corp DE boosted its position in Jumia Technologies by 74,777.0% in the 4th quarter. Bank of America Corp DE now owns 224,631 shares of the company’s stock valued at $1,512,000 after buying an additional 224,331 shares during the last quarter.
SG Americas Securities LLC boosted its position in Jumia Technologies by 1,363.0% during the first quarter. SG Americas Securities LLC now owns 176,266 shares of the company’s stock valued at $515,000 after acquiring an additional 164,218 shares during the last quarter. UBS Group AG boosted its position in Jumia Technologies by 1,076.4% during the fourth quarter.
UBS Group AG now owns 77,551 shares of the company’s stock valued at $522,000 after acquiring an additional 70,959 shares during the last quarter. Global Thematic Partners LLC boosted its position in Jumia Technologies by 5.3% during the first quarter.
Global Thematic Partners LLC now owns 623,133 shares of the company’s stock valued at $1,820,000 after acquiring an additional 31,282 shares during the last quarter. Finally, Toroso Investments LLC bought a new stake in Jumia Technologies during the first quarter valued at $67,000. 23.02% of the stock is owned by hedge funds and other institutional investors.
Jumia opened at $19.75 on Tuesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.27 and a current ratio of 2.36. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of -5.79 and a beta of 4.45. Jumia Technologies AG – has a 52 week low of $2.15 and a 52 week high of $23.90. The firm has a 50-day moving average price of $9.44 and a two-hundred day moving average price of $5.80.
A number of equities analysts have recently issued reports on the stock. Stifel Nicolaus cut shares of Jumia Technologies from a “buy” rating to a “hold” rating and cut their price objective for the stock from $8.00 to $4.50 in a research report on Wednesday, May 13th. Zacks Investment Research cut shares of Jumia Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, July 15th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $9.00 price target on shares of Jumia Technologies in a research report on Wednesday, May 13th. Finally, ValuEngine cut shares of Jumia Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 1st. One analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. Jumia Technologies has an average rating of “Hold” and an average price target of $7.08.
Jumia Technologies Company Profile
Jumia Technologies AG operates an e-commerce platform in Africa. The company’s platform consists of marketplace, which 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.
