SBI Securities Co. Ltd. Buys 71,254 Shares of Jumia Technologies $JMIA

SBI Securities Co. Ltd. lifted its stake in shares of Jumia Technologies (NYSE:JMIA) by 18.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 465,846 shares of the company’s stock after acquiring an additional 71,254 shares during the period. SBI Securities Co. Ltd. owned approximately 0.38% of Jumia Technologies worth $5,408,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Jumia Technologies by 40.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 66,172 shares of the company’s stock valued at $142,000 after purchasing an additional 19,072 shares in the last quarter. Truist Financial Corp bought a new position in shares of Jumia Technologies during the 2nd quarter valued at about $73,000. Prostatis Group LLC purchased a new position in shares of Jumia Technologies during the 2nd quarter valued at about $288,000. RFG Advisory LLC bought a new stake in Jumia Technologies in the 2nd quarter worth approximately $80,000. Finally, Ritholtz Wealth Management purchased a new stake in Jumia Technologies in the second quarter worth approximately $53,000. 16.50% of the stock is currently owned by hedge funds and other institutional investors.

Jumia Technologies Stock Down 6.3%

NYSE JMIA opened at $11.41 on Thursday. Jumia Technologies has a 1 year low of $1.60 and a 1 year high of $14.72. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.20 and a quick ratio of 1.12. The business’s 50-day moving average is $12.69 and its 200 day moving average is $10.56.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on JMIA shares. Craig Hallum started coverage on shares of Jumia Technologies in a report on Tuesday, December 16th. They issued a “buy” rating and a $18.00 price objective for the company. Benchmark initiated coverage on shares of Jumia Technologies in a research report on Tuesday, November 25th. They set a “buy” rating and a $18.00 price target for the company. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Jumia Technologies in a report on Thursday, January 22nd. Three analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Jumia Technologies has an average rating of “Moderate Buy” and a consensus target price of $17.00.

About Jumia Technologies

Jumia Technologies AG (NYSE: JMIA) operates as a leading e-commerce and technology platform in Africa, facilitating online retail, logistics and digital payments. The company’s marketplace connects millions of consumers with a diverse array of sellers offering electronics, fashion, home goods, groceries and more. Beyond its core retail services, Jumia has developed JumiaPay, a payment solution that enables secure transactions both on and off its platform, and Jumia Logistics, which provides end-to-end delivery and fulfillment support across the continent.

Jumia serves a broad geographic footprint in Africa, with operations in key markets such as Nigeria, Egypt, Kenya, Morocco, Ghana, Côte d’Ivoire, Uganda, Tunisia and South Africa.