Stock Traders Purchase High Volume of Jumia Technologies Call Options (NYSE:JMIA)

Jumia Technologies AG (NYSE:JMIA - Get Free Report) was the recipient of unusually large options trading on Friday. Stock traders acquired 14,016 call options on the company. This represents an increase of approximately 144% compared to the typical volume of 5,744 call options.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Advisor Group Holdings Inc. lifted its holdings in Jumia Technologies by 3.6% during the 1st quarter. Advisor Group Holdings Inc. now owns 41,248 shares of the company's stock valued at $150,000 after purchasing an additional 1,431 shares during the last quarter. Creative Planning boosted its holdings in Jumia Technologies by 21.9% during the fourth quarter. Creative Planning now owns 16,780 shares of the company's stock worth $54,000 after buying an additional 3,012 shares during the last quarter. International Assets Investment Management LLC grew its holdings in Jumia Technologies by 17.7% during the first quarter. International Assets Investment Management LLC now owns 22,950 shares of the company's stock valued at $220,000 after purchasing an additional 3,450 shares during the period. Wealth Effects LLC raised its stake in Jumia Technologies by 5.8% during the 3rd quarter. Wealth Effects LLC now owns 73,650 shares of the company's stock worth $194,000 after buying an additional 4,035 shares during the period. Finally, Raymond James & Associates lifted its holdings in shares of Jumia Technologies by 8.7% during the 1st quarter. Raymond James & Associates now owns 60,281 shares of the company's stock valued at $577,000 after purchasing an additional 4,809 shares in the last quarter. Institutional investors own 17.58% of the company's stock.

Jumia Technologies Trading Up 13.5 %

NYSE:JMIA traded up $0.82 during trading hours on Friday, hitting $6.91. 8,935,781 shares of the stock traded hands, compared to its average volume of 2,506,717. The firm has a 50 day moving average price of $3.60 and a 200 day moving average price of $3.15. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.43 and a quick ratio of 1.35. Jumia Technologies has a fifty-two week low of $2.22 and a fifty-two week high of $7.18.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley raised shares of Jumia Technologies from an "underweight" rating to an "equal weight" rating and raised their target price for the stock from $3.00 to $3.60 in a report on Wednesday, January 3rd.

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 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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