Voloridge Investment Management LLC acquired a new stake in shares of Jumia Technologies AG (NYSE:JMIA) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,155,700 shares of the company’s stock, valued at approximately $40,981,000.
A number of other hedge funds also recently bought and sold shares of JMIA. RMR Wealth Builders grew its position in Jumia Technologies by 35.7% in the 1st quarter. RMR Wealth Builders now owns 1,900 shares of the company’s stock valued at $67,000 after buying an additional 500 shares in the last quarter. Parallel Advisors LLC raised its holdings in Jumia Technologies by 53.2% during the first quarter. Parallel Advisors LLC now owns 2,017 shares of the company’s stock worth $72,000 after purchasing an additional 700 shares in the last quarter. Credit Agricole S A bought a new stake in Jumia Technologies during the first quarter worth approximately $25,000. Signaturefd LLC lifted its position in Jumia Technologies by 112.3% in the first quarter. Signaturefd LLC now owns 1,365 shares of the company’s stock worth $48,000 after purchasing an additional 722 shares during the period. Finally, Horrell Capital Management Inc. acquired a new position in shares of Jumia Technologies during the 1st quarter valued at $34,000. 24.31% of the stock is owned by institutional investors and hedge funds.
JMIA has been the subject of several research reports. Renaissance Capital raised Jumia Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, May 12th. Morgan Stanley lowered their price objective on shares of Jumia Technologies from $32.00 to $21.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $29.25.
Jumia Technologies Company Profile
Jumia Technologies AG operates an e-commerce platform in Africa, Portugal, Germany, and the United Arab Emirates. 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.
Featured Story: Upside/Downside
Want to see what other hedge funds are holding JMIA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jumia Technologies AG (NYSE:JMIA).
Receive News & Ratings for Jumia Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jumia Technologies and related companies with MarketBeat.com's FREE daily email newsletter.