State Street Corp Increases Stock Holdings in Jumia Technologies AG (NYSE:JMIA)

State Street Corp lifted its stake in shares of Jumia Technologies AG (NYSE:JMIA) by 1.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 709,752 shares of the company’s stock after buying an additional 9,567 shares during the quarter. State Street Corp’s holdings in Jumia Technologies were worth $3,790,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of JMIA. BNP Paribas Financial Markets lifted its position in Jumia Technologies by 802.4% in the third quarter. BNP Paribas Financial Markets now owns 2,413,574 shares of the company’s stock valued at $12,888,000 after purchasing an additional 2,146,114 shares during the period. Millennium Management LLC raised its stake in shares of Jumia Technologies by 393.4% during the 2nd quarter. Millennium Management LLC now owns 372,920 shares of the company’s stock worth $2,618,000 after buying an additional 297,333 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Jumia Technologies by 685.9% in the 3rd quarter. International Assets Investment Management LLC now owns 145,782 shares of the company’s stock valued at $778,000 after buying an additional 127,232 shares during the period. Headlands Technologies LLC purchased a new stake in shares of Jumia Technologies in the second quarter valued at approximately $931,000. Finally, Wealth Effects LLC grew its holdings in Jumia Technologies by 32.1% during the third quarter. Wealth Effects LLC now owns 106,060 shares of the company’s stock worth $566,000 after acquiring an additional 25,750 shares during the period. Hedge funds and other institutional investors own 16.50% of the company’s stock.

Jumia Technologies Price Performance

JMIA stock opened at $3.92 on Tuesday. The company has a current ratio of 1.80, a quick ratio of 1.73 and a debt-to-equity ratio of 0.07. The firm has a 50 day moving average of $4.25 and a 200-day moving average of $6.08. Jumia Technologies AG has a 12-month low of $2.88 and a 12-month high of $15.04.

Analyst Ratings Changes

Separately, Royal Bank of Canada began coverage on Jumia Technologies in a report on Wednesday, November 13th. They issued a “sector perform” rating and a $5.00 target price for the company.

About Jumia Technologies

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.