Man Group plc cut its stake in shares of Jumia Technologies AG (NYSE:JMIA - Free Report) by 55.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Signaturefd LLC lifted its holdings in shares of Jumia Technologies by 98.9% during the fourth quarter. Signaturefd LLC now owns 6,809 shares of the company's stock worth $26,000 after purchasing an additional 3,385 shares during the period. Blue Trust Inc. lifted its holdings in Jumia Technologies by 148.4% in the fourth quarter. Blue Trust Inc. now owns 7,072 shares of the company's stock valued at $27,000 after acquiring an additional 4,225 shares during the period. Scotia Capital Inc. acquired a new stake in Jumia Technologies in the fourth quarter valued at $38,000. CenterStar Asset Management LLC acquired a new stake in Jumia Technologies in the fourth quarter valued at $42,000. Finally, Ballentine Partners LLC acquired a new position in shares of Jumia Technologies during the 4th quarter worth $49,000. 16.50% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Separately, Royal Bank of Canada cut their price target on 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.
Get Our Latest Research Report on JMIA
Jumia Technologies Stock Performance
Shares of NYSE:JMIA traded up $0.17 during midday trading on Friday, hitting $3.35. 3,267,992 shares of the stock were exchanged, compared to its average volume of 3,921,616. The company has a current ratio of 1.80, a quick ratio of 1.73 and a debt-to-equity ratio of 0.07. Jumia Technologies AG has a twelve month low of $1.60 and a twelve month high of $15.04. The company has a 50 day moving average price of $2.53 and a 200-day moving average price of $3.24.
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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