Cwm LLC grew its holdings in $Jumia Technologies(JMIA.US)$ by 27.8% during the first quarter, HoldingsChannel reports. The fund owned 40,492 shares of the company's stock after purchasing an additional 8,808 shares during the period. Cwm LLC's holdings in Jumia Technologies were worth $388,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Spire Wealth Management increased its holdings in shares of Jumia Technologies by 432.1% in the 4th quarter. Spire Wealth Management now owns 2,586 shares of the company's stock valued at $29,000 after acquiring an additional 2,100 shares during the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of Jumia Technologies by 1,979.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 2,869 shares of the company's stock valued at $33,000 after acquiring an additional 2,731 shares during the last quarter. Sterling Investment Advisors Ltd. increased its holdings in shares of Jumia Technologies by 15,950.0% in the 4th quarter. Sterling Investment Advisors Ltd. now owns 8,025 shares of the company's stock valued at $91,000 after acquiring an additional 7,975 shares during the last quarter. 360 Financial Inc. purchased a new position in shares of Jumia Technologies in the 1st quarter valued at about $118,000. Finally, C2C Wealth Management LLC purchased a new position in shares of Jumia Technologies in the 4th quarter valued at about $116,000. Institutional investors and hedge funds own 37.98% of the company's stock.
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Separately, Stifel Nicolaus dropped their price objective on Jumia Technologies from $9.00 to $8.00 in a report on Tuesday, June 28th.
NYSE:JMIA opened at $6.37 on Friday. The stock's 50 day moving average price is $6.62 and its 200 day moving average price is $8.25. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.09 and a current ratio of 3.20. Jumia Technologies AG has a 52-week low of $4.47 and a 52-week high of $26.17.
Jumia Technologies Company Profile (Get Rating)
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.
Further Reading
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