Virtu Financial LLC acquired a new position in Jumia Technologies AG (NYSE:JMIA – Get Rating) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 26,442 shares of the company's stock, valued at approximately $160,000.

A number of other institutional investors have also recently bought and sold shares of the business. Trexquant Investment LP purchased a new stake in shares of Jumia Technologies in the second quarter worth approximately $66,000. RWC Asset Management LLP purchased a new stake in Jumia Technologies in the 2nd quarter worth approximately $950,000. Rafferty Asset Management LLC boosted its stake in shares of Jumia Technologies by 1,203.7% during the 2nd quarter. Rafferty Asset Management LLC now owns 154,436 shares of the company's stock valued at $936,000 after buying an additional 142,590 shares during the period. Wedbush Securities Inc. purchased a new position in shares of Jumia Technologies during the 2nd quarter valued at $68,000. Finally, Qube Research & Technologies Ltd increased its stake in shares of Jumia Technologies by 293.2% in the first quarter. Qube Research & Technologies Ltd now owns 53,506 shares of the company's stock worth $513,000 after acquiring an additional 39,897 shares during the last quarter. 19.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus reduced their price objective on Jumia Technologies from $9.00 to $6.00 and set a "hold" rating for the company in a research report on Friday, November 18th.

Jumia Technologies Trading Up 2.5 %

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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