Jumia Technologies AG (NYSE:JMIA) Shares Bought by State Street Corp

State Street Corp grew its position in Jumia Technologies AG (NYSE:JMIA) by 1.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 709,752 shares of the company’s stock after purchasing an additional 9,567 shares during the quarter. State Street Corp owned approximately 0.70% of Jumia Technologies worth $3,790,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Wealth Effects LLC increased its stake in Jumia Technologies by 4.1% in the second quarter. Wealth Effects LLC now owns 80,310 shares of the company’s stock valued at $564,000 after purchasing an additional 3,200 shares during the last quarter. PFG Investments LLC grew its position in shares of Jumia Technologies by 134.7% in 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 during the last quarter. Headlands Technologies LLC purchased a new position in shares of Jumia Technologies in the 2nd quarter valued at $931,000. XTX Topco Ltd acquired a new stake in Jumia Technologies during the 2nd quarter worth $359,000. Finally, Hood River Capital Management LLC purchased a new stake in Jumia Technologies in the second quarter valued at $93,000. 16.50% of the stock is owned by hedge funds and other institutional investors.

Jumia Technologies Stock Down 2.2 %

Shares of Jumia Technologies stock opened at $3.92 on Tuesday. The firm’s fifty day simple moving average is $4.25 and its 200-day simple moving average is $6.08. Jumia Technologies AG has a 12 month low of $2.88 and a 12 month high of $15.04. The company has a quick ratio of 1.73, a current ratio of 1.80 and a debt-to-equity ratio of 0.07.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada started coverage on Jumia Technologies in a research report on Wednesday, November 13th. They set a “sector perform” rating and a $5.00 target price on the stock.

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.