JPMorgan Chase & Co. Has $3.90 Million Stock Holdings in Jumia Technologies AG (NYSE:JMIA)

JPMorgan Chase & Co. increased its holdings in shares of Jumia Technologies AG (NYSE:JMIA) by 120,393.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 730,190 shares of the company’s stock after acquiring an additional 729,584 shares during the period. JPMorgan Chase & Co. owned about 0.72% of Jumia Technologies worth $3,899,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

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

Jumia Technologies Trading Down 0.9 %

Jumia Technologies stock opened at $3.71 on Friday. The business’s fifty day moving average is $4.03 and its two-hundred day moving average is $5.72. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.80 and a quick ratio of 1.73. Jumia Technologies AG has a 52 week low of $2.89 and a 52 week high of $15.04.

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.