International Assets Investment Management LLC Grows Position in Jumia Technologies AG (NYSE:JMIA)

International Assets Investment Management LLC boosted its stake in shares of Jumia Technologies AG (NYSE:JMIA) by 685.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 145,782 shares of the company’s stock after acquiring an additional 127,232 shares during the quarter. International Assets Investment Management LLC owned about 0.14% of Jumia Technologies worth $778,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Virtu Financial LLC acquired a new stake in shares of Jumia Technologies in the 1st quarter valued at approximately $705,000. Capstone Investment Advisors LLC acquired a new stake in shares of Jumia Technologies in the 1st quarter valued at approximately $466,000. Susquehanna Fundamental Investments LLC acquired a new position in Jumia Technologies during the first quarter worth $528,000. Bleakley Financial Group LLC acquired a new position in Jumia Technologies during the third quarter worth $84,000. Finally, Millennium Management LLC raised its holdings in Jumia Technologies by 393.4% during the second quarter. Millennium Management LLC now owns 372,920 shares of the company’s stock worth $2,618,000 after purchasing an additional 297,333 shares during the last quarter. 16.50% of the stock is owned by institutional investors and hedge funds.

Jumia Technologies Stock Up 2.2 %

Shares of JMIA stock opened at $4.72 on Wednesday. The company has a quick ratio of 1.05, a current ratio of 1.11 and a debt-to-equity ratio of 0.22. The stock has a fifty day moving average price of $4.88 and a 200 day moving average price of $6.69. Jumia Technologies AG has a 1 year low of $2.46 and a 1 year high of $15.04.

Analyst Upgrades and Downgrades

Separately, Benchmark reduced their price objective on Jumia Technologies from $14.00 to $11.00 and set a “buy” rating for the company in a report on Wednesday, August 7th.

Jumia Technologies 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.