International Assets Investment Management LLC Decreases Stake in Jumia Technologies AG (NYSE:JMIA)

International Assets Investment Management LLC trimmed its holdings in shares of Jumia Technologies AG (NYSE:JMIA) by 74.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 37,900 shares of the company’s stock after selling 107,882 shares during the quarter. International Assets Investment Management LLC’s holdings in Jumia Technologies were worth $148,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of JMIA. Crumly & Associates Inc. bought a new stake in shares of Jumia Technologies in the 3rd quarter worth about $55,000. Wrapmanager Inc. bought a new stake in Jumia Technologies in the third quarter valued at about $58,000. Diversify Advisory Services LLC acquired a new stake in Jumia Technologies during the third quarter valued at approximately $68,000. The Manufacturers Life Insurance Company bought a new position in Jumia Technologies during the 2nd quarter worth approximately $74,000. Finally, Bleakley Financial Group LLC acquired a new position in shares of Jumia Technologies in the 3rd quarter worth approximately $84,000. Institutional investors and hedge funds own 16.50% of the company’s stock.

Analysts Set New Price Targets

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

Jumia Technologies Trading Down 1.3 %

Shares of NYSE JMIA opened at $3.66 on Wednesday. The firm’s 50-day moving average price is $4.06 and its two-hundred day moving average price is $5.78. Jumia Technologies AG has a 52-week low of $2.88 and a 52-week high of $15.04. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.80 and a quick ratio of 1.73.

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.