PFG Investments LLC Purchases 20,200 Shares of Jumia Technologies AG (NYSE:JMIA)

PFG Investments LLC grew its position in shares of Jumia Technologies AG (NYSE:JMIA) by 134.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,200 shares of the company’s stock after buying an additional 20,200 shares during the quarter. PFG Investments LLC’s holdings in Jumia Technologies were worth $247,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Virtu Financial LLC bought a new position in shares of Jumia Technologies during the 1st quarter valued at $705,000. Susquehanna Fundamental Investments LLC bought a new position in shares of Jumia Technologies during the 1st quarter valued at $528,000. Capstone Investment Advisors LLC bought a new position in shares of Jumia Technologies during the 1st quarter valued at $466,000. Wealth Effects LLC lifted its holdings in shares of Jumia Technologies by 4.1% during the 2nd quarter. Wealth Effects LLC now owns 80,310 shares of the company’s stock valued at $564,000 after buying an additional 3,200 shares during the period. Finally, CWM LLC lifted its holdings in shares of Jumia Technologies by 8.1% during the 2nd quarter. CWM LLC now owns 51,847 shares of the company’s stock valued at $364,000 after buying an additional 3,881 shares during the period. 16.50% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Jumia Technologies Price Performance

Shares of Jumia Technologies stock opened at $4.77 on Friday. Jumia Technologies AG has a one year low of $2.22 and a one year high of $15.04. The stock’s fifty day moving average is $7.90 and its 200 day moving average is $6.84. The company has a quick ratio of 1.05, a current ratio of 1.11 and a debt-to-equity ratio of 0.22.

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.