The Manufacturers Life Insurance Company Purchases Shares of 10,512 Jumia Technologies AG (NYSE:JMIA)

The Manufacturers Life Insurance Company purchased a new position in Jumia Technologies AG (NYSE:JMIA) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,512 shares of the company’s stock, valued at approximately $74,000.

A number of other large investors have also modified their holdings of the stock. RFG Advisory LLC acquired a new position in Jumia Technologies during the 1st quarter worth $56,000. Deuterium Capital Management LLC purchased a new position in shares of Jumia Technologies in the 1st quarter valued at about $63,000. Boston Standard Wealth Management LLC acquired a new position in shares of Jumia Technologies during the second quarter worth about $75,000. GAMMA Investing LLC increased its stake in shares of Jumia Technologies by 15.3% during the first quarter. GAMMA Investing LLC now owns 15,191 shares of the company’s stock worth $78,000 after buying an additional 2,011 shares during the period. Finally, Hood River Capital Management LLC acquired a new stake in Jumia Technologies in the second quarter valued at approximately $93,000. Hedge funds and other institutional investors own 16.50% of the company’s stock.

Jumia Technologies Stock Down 0.2 %

Jumia Technologies stock opened at $4.91 on Monday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.05 and a current ratio of 1.11. The stock’s fifty day moving average is $4.95 and its two-hundred day moving average is $6.67. Jumia Technologies AG has a 1-year low of $2.23 and a 1-year high of $15.04.

Wall Street Analysts Forecast Growth

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

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.