Stifel Financial Corp Has $460,000 Stock Position in Jumia Technologies AG (NYSE:JMIA)

Stifel Financial Corp increased its position in Jumia Technologies AG (NYSE:JMIA) by 45.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 86,082 shares of the company’s stock after buying an additional 26,855 shares during the period. Stifel Financial Corp owned 0.09% of Jumia Technologies worth $460,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in JMIA. BNP Paribas Financial Markets boosted its holdings in Jumia Technologies by 802.4% in the third quarter. BNP Paribas Financial Markets now owns 2,413,574 shares of the company’s stock worth $12,888,000 after acquiring an additional 2,146,114 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Jumia Technologies by 685.9% in the 3rd quarter. International Assets Investment Management LLC now owns 145,782 shares of the company’s stock worth $778,000 after purchasing an additional 127,232 shares in the last quarter. Bleakley Financial Group LLC bought a new position in shares of Jumia Technologies in the 3rd quarter worth $84,000. Millennium Management LLC grew its position in Jumia Technologies by 393.4% in the 2nd quarter. Millennium Management LLC now owns 372,920 shares of the company’s stock valued at $2,618,000 after purchasing an additional 297,333 shares during the period. Finally, Headlands Technologies LLC bought a new stake in Jumia Technologies during the 2nd quarter valued at $931,000. 16.50% of the stock is owned by institutional investors.

Jumia Technologies Stock Down 3.1 %

Shares of Jumia Technologies stock opened at $4.01 on Friday. 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. The business has a 50 day moving average price of $4.27 and a 200-day moving average price of $6.16.

Analysts Set New Price Targets

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

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.