Daiwa Securities Group Inc. Decreases Stock Holdings in Jumia Technologies AG (NYSE:JMIA)

Daiwa Securities Group Inc. lessened its stake in Jumia Technologies AG (NYSE:JMIA) by 58.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,731 shares of the company’s stock after selling 9,413 shares during the period. Daiwa Securities Group Inc.’s holdings in Jumia Technologies were worth $47,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. PFG Investments LLC increased its position in Jumia Technologies by 134.7% during the 2nd quarter. PFG Investments LLC now owns 35,200 shares of the company’s stock valued at $247,000 after buying an additional 20,200 shares in the last quarter. Wealth Effects LLC grew its stake in shares of Jumia Technologies by 4.1% during the second quarter. Wealth Effects LLC now owns 80,310 shares of the company’s stock worth $564,000 after acquiring an additional 3,200 shares during the last quarter. RFG Advisory LLC increased its holdings in shares of Jumia Technologies by 13.6% during the second quarter. RFG Advisory LLC now owns 12,500 shares of the company’s stock valued at $88,000 after acquiring an additional 1,500 shares in the last quarter. Boston Standard Wealth Management LLC acquired a new position in shares of Jumia Technologies during the second quarter valued at about $75,000. Finally, CWM LLC raised its position in shares of Jumia Technologies by 8.1% in the 2nd quarter. CWM LLC now owns 51,847 shares of the company’s stock valued at $364,000 after purchasing an additional 3,881 shares during the last quarter. 16.50% of the stock is currently owned by institutional investors.

Jumia Technologies Trading Down 1.1 %

NYSE JMIA opened at $4.63 on Thursday. The stock has a 50-day simple moving average of $7.55 and a two-hundred day simple moving average of $6.81. The company has a current ratio of 1.11, a quick ratio of 1.05 and a debt-to-equity ratio of 0.22. Jumia Technologies AG has a fifty-two week low of $2.22 and a fifty-two week high of $15.04.

Analysts Set New Price Targets

Separately, Benchmark cut their price target on shares of Jumia Technologies from $14.00 to $11.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th.

About Jumia Technologies

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.