BNP Paribas Financial Markets Raises Position in Jumia Technologies AG (NYSE:JMIA)

BNP Paribas Financial Markets boosted its position in Jumia Technologies AG (NYSE:JMIA) by 802.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,413,574 shares of the company’s stock after purchasing an additional 2,146,114 shares during the period. BNP Paribas Financial Markets owned about 2.39% of Jumia Technologies worth $12,888,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Crumly & Associates Inc. bought a new stake in shares of Jumia Technologies in the third quarter valued at approximately $55,000. The Manufacturers Life Insurance Company bought a new stake in Jumia Technologies during the 2nd quarter valued at $74,000. Boston Standard Wealth Management LLC purchased a new stake in shares of Jumia Technologies during the second quarter worth $75,000. Wrapmanager Inc. bought a new position in shares of Jumia Technologies in the third quarter worth $58,000. Finally, RFG Advisory LLC grew its position in shares of Jumia Technologies by 13.6% in the second quarter. RFG Advisory LLC now owns 12,500 shares of the company’s stock valued at $88,000 after purchasing an additional 1,500 shares in the last quarter. 16.50% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on JMIA. Benchmark dropped their price objective on Jumia Technologies from $14.00 to $11.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Royal Bank of Canada started coverage on shares of Jumia Technologies in a report on Wednesday, November 13th. They issued a “sector perform” rating and a $5.00 price target on the stock.

Jumia Technologies Trading Down 2.0 %

Jumia Technologies stock opened at $3.90 on Monday. The company has a quick ratio of 1.73, a current ratio of 1.80 and a debt-to-equity ratio of 0.07. Jumia Technologies AG has a fifty-two week low of $2.88 and a fifty-two week high of $15.04. The firm’s fifty day moving average price is $4.63 and its 200-day moving average price is $6.51.

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.