Man Group plc reduced its stake in Jumia Technologies AG (NYSE:JMIA - Free Report) by 55.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 129,291 shares of the company's stock after selling 159,833 shares during the quarter. Man Group plc owned 0.13% of Jumia Technologies worth $494,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in the stock. Signaturefd LLC grew its position in shares of Jumia Technologies by 98.9% in the 4th quarter. Signaturefd LLC now owns 6,809 shares of the company's stock valued at $26,000 after buying an additional 3,385 shares during the last quarter. Blue Trust Inc. boosted its stake in Jumia Technologies by 148.4% during the 4th quarter. Blue Trust Inc. now owns 7,072 shares of the company's stock worth $27,000 after purchasing an additional 4,225 shares during the period. Scotia Capital Inc. acquired a new stake in Jumia Technologies during the 4th quarter worth $38,000. CenterStar Asset Management LLC acquired a new stake in Jumia Technologies during the 4th quarter worth $42,000. Finally, Ballentine Partners LLC acquired a new stake in Jumia Technologies during the 4th quarter worth $49,000. 16.50% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Separately, Royal Bank of Canada decreased their price target on shares of Jumia Technologies from $5.00 to $4.75 and set a "sector perform" rating for the company in a research note on Friday, February 21st.
Read Our Latest Analysis on Jumia Technologies
Jumia Technologies Price Performance
NYSE:JMIA traded up $0.07 during trading hours on Friday, reaching $3.25. 2,001,213 shares of the company's stock were exchanged, compared to its average volume of 3,178,255. The company has a 50-day moving average of $2.52 and a 200 day moving average of $3.25. The company has a quick ratio of 1.73, a current ratio of 1.80 and a debt-to-equity ratio of 0.07. Jumia Technologies AG has a 1-year low of $1.60 and a 1-year high of $15.04.
About Jumia Technologies
(
Free Report)
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.
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