Banque Transatlantique SA Has $240,000 Position in Jumia Technologies $JMIA

Key Points

• Banque Transatlantique SA significantly increased its stake in Jumia Technologies by acquiring 120,863 shares, bringing its total ownership to approximately 0.10% valued at $240,000.
• Other institutional investors have also shown interest, with multiple firms increasing their holdings in Jumia Technologies during the 1st quarter, contributing to a total of 16.50% institutional ownership.
• Jumia Technologies has an average rating of "Hold" from analysts, with a current consensus target price of $4.75.

Banque Transatlantique SA lifted its position in shares of Jumia Technologies (NYSE:JMIA - Free Report) by 109,875.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 120,973 shares of the company's stock after purchasing an additional 120,863 shares during the quarter. Banque Transatlantique SA owned 0.10% of Jumia Technologies worth $240,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. SBI Securities Co. Ltd. boosted its position in shares of Jumia Technologies by 30.4% during the first quarter. SBI Securities Co. Ltd. now owns 399,663 shares of the company's stock worth $859,000 after purchasing an additional 93,184 shares in the last quarter. Graham Capital Management L.P. lifted its position in Jumia Technologies by 61.7% in the 4th quarter. Graham Capital Management L.P. now owns 210,024 shares of the company's stock valued at $802,000 after acquiring an additional 80,115 shares in the last quarter. Revisor Wealth Management LLC bought a new stake in Jumia Technologies in the 1st quarter valued at $399,000. Two Sigma Advisers LP lifted its position in Jumia Technologies by 22.5% in the 4th quarter. Two Sigma Advisers LP now owns 118,700 shares of the company's stock valued at $453,000 after acquiring an additional 21,800 shares in the last quarter. Finally, Point72 Asset Management L.P. lifted its position in Jumia Technologies by 15.1% in the 4th quarter. Point72 Asset Management L.P. now owns 95,304 shares of the company's stock valued at $364,000 after acquiring an additional 12,504 shares in the last quarter. 16.50% of the stock is owned by institutional investors.

Jumia Technologies Trading Up 7.8%

JMIA stock traded up $0.64 during midday trading on Friday, hitting $8.83. The company's stock had a trading volume of 3,447,248 shares, compared to its average volume of 4,831,602. The company has a quick ratio of 1.28, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. Jumia Technologies has a twelve month low of $1.60 and a twelve month high of $9.35. The company's fifty day moving average price is $5.99 and its 200 day moving average price is $3.84.

Analyst Ratings Changes

Separately, Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Jumia Technologies in a research report on Monday, August 11th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $4.75.

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.