Jumia Technologies AG – (NYSE:JMIA) Shares Acquired by Winslow Evans & Crocker Inc.

Winslow Evans & Crocker Inc. raised its stake in shares of Jumia Technologies AG – (NYSE:JMIA) by 100.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,000 shares of the company’s stock after acquiring an additional 2,500 shares during the period. Winslow Evans & Crocker Inc.’s holdings in Jumia Technologies were worth $40,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Baillie Gifford & Co. acquired a new stake in shares of Jumia Technologies during the second quarter valued at about $237,842,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in shares of Jumia Technologies in the second quarter valued at approximately $28,108,000. Morgan Stanley acquired a new position in shares of Jumia Technologies in the second quarter valued at approximately $9,705,000. Schroder Investment Management Group acquired a new position in shares of Jumia Technologies in the second quarter valued at approximately $9,682,000. Finally, Summit Partners L P acquired a new position in shares of Jumia Technologies in the second quarter valued at approximately $7,309,000. Institutional investors and hedge funds own 18.34% of the company’s stock.

Jumia Technologies stock traded down $0.81 during trading hours on Friday, reaching $7.28. 1,039,029 shares of the stock were exchanged, compared to its average volume of 1,068,230. The stock has a market capitalization of $565.22 million and a PE ratio of -1.81. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.30 and a current ratio of 3.42. Jumia Technologies AG – has a 52-week low of $5.92 and a 52-week high of $49.77. The company’s 50 day moving average price is $9.29.

A number of brokerages recently weighed in on JMIA. Stifel Nicolaus set a $28.00 price objective on shares of Jumia Technologies and gave the company a “buy” rating in a report on Wednesday, August 21st. Morgan Stanley upgraded shares of Jumia Technologies from an “underweight” rating to an “equal weight” rating and dropped their price objective for the company from $22.00 to $13.00 in a report on Tuesday, August 20th. Raymond James restated an “outperform” rating and issued a $23.00 price objective (down previously from $36.00) on shares of Jumia Technologies in a report on Thursday, August 22nd. Royal Bank of Canada upgraded shares of Jumia Technologies from a “sector perform” rating to an “outperform” rating and dropped their price objective for the company from $40.00 to $30.00 in a report on Wednesday, August 21st. They noted that the move was a valuation call. Finally, ValuEngine cut shares of Jumia Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. Jumia Technologies currently has an average rating of “Hold” and an average target price of $30.00.

Jumia Technologies Company Profile

Jumia Technologies AG operates an e-commerce platform in Africa. The company's platform consists of marketplace, which 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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Institutional Ownership by Quarter for Jumia Technologies (NYSE:JMIA)

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