Baillie Gifford & Co. Sells 147,401 Shares of Jumia Technologies (NYSE:JMIA)

Key Points

• Baillie Gifford & Co. has reduced its stake in Jumia Technologies by 1.7%, holding approximately 8.63 million shares valued at $18.55 million.
• Multiple hedge funds, including 683 Capital Management and Marshall Wace LLP, have recently modified their positions in Jumia Technologies, collectively indicating increased interest in the company's stock.
• Jumia Technologies' stock opened at $4.87 and has a 52-week range between $1.60 and $13.72, reflecting significant volatility in its trading performance.

Baillie Gifford & Co. lessened its holdings in shares of Jumia Technologies (NYSE:JMIA - Free Report) by 1.7% in the first quarter, according to its most recent filing with the SEC. The firm owned 8,629,656 shares of the company's stock after selling 147,401 shares during the quarter. Baillie Gifford & Co. owned about 7.05% of Jumia Technologies worth $18,554,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Scotia Capital Inc. purchased a new stake in shares of Jumia Technologies during the fourth quarter valued at $38,000. Quadrant Capital Group LLC lifted its stake in Jumia Technologies by 24.0% in the 4th quarter. Quadrant Capital Group LLC now owns 14,487 shares of the company's stock worth $55,000 after acquiring an additional 2,804 shares in the last quarter. PDS Planning Inc purchased a new stake in Jumia Technologies in the 1st quarter worth about $31,000. Ameriprise Financial Inc. lifted its stake in Jumia Technologies by 11.0% in the 4th quarter. Ameriprise Financial Inc. now owns 24,717 shares of the company's stock worth $94,000 after acquiring an additional 2,455 shares in the last quarter. Finally, Octavia Wealth Advisors LLC lifted its stake in Jumia Technologies by 89.2% in the 1st quarter. Octavia Wealth Advisors LLC now owns 31,020 shares of the company's stock worth $67,000 after acquiring an additional 14,625 shares in the last quarter. Institutional investors and hedge funds own 16.50% of the company's stock.

Jumia Technologies Stock Performance

JMIA stock traded up $0.01 during mid-day trading on Wednesday, hitting $4.62. The stock had a trading volume of 368,893 shares, compared to its average volume of 3,248,636. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.46 and a current ratio of 1.57. The company has a fifty day moving average of $3.83 and a 200 day moving average of $3.21. Jumia Technologies has a 1-year low of $1.60 and a 1-year high of $12.81.

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.