Mitsubishi UFJ Asset Management Co. Ltd. Acquires 5,830 Shares of Jumia Technologies (NYSE:JMIA)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Jumia Technologies (NYSE:JMIA) by 11.2% during the 1st quarter, Holdings Channel.com reports. The fund owned 58,073 shares of the company’s stock after purchasing an additional 5,830 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Jumia Technologies were worth $125,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in JMIA. 683 Capital Management LLC bought a new position in Jumia Technologies during the fourth quarter valued at approximately $3,384,000. Marshall Wace LLP raised its position in Jumia Technologies by 180.5% during the fourth quarter. Marshall Wace LLP now owns 1,023,405 shares of the company’s stock valued at $3,909,000 after acquiring an additional 658,618 shares in the last quarter. Revisor Wealth Management LLC bought a new position in Jumia Technologies during the first quarter valued at approximately $399,000. SBI Securities Co. Ltd. raised its position in Jumia Technologies by 30.4% during the first quarter. SBI Securities Co. Ltd. now owns 399,663 shares of the company’s stock valued at $859,000 after acquiring an additional 93,184 shares in the last quarter. Finally, Graham Capital Management L.P. grew its holdings in Jumia Technologies by 61.7% during the fourth quarter. Graham Capital Management L.P. now owns 210,024 shares of the company’s stock valued at $802,000 after purchasing an additional 80,115 shares during the last quarter. Institutional investors own 16.50% of the company’s stock.

Jumia Technologies Stock Performance

Shares of JMIA stock opened at $7.70 on Friday. Jumia Technologies has a 12 month low of $1.60 and a 12 month high of $7.85. The company has a current ratio of 1.38, a quick ratio of 1.28 and a debt-to-equity ratio of 0.15. The business’s 50 day moving average is $4.42 and its two-hundred day moving average is $3.37.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Jumia Technologies in a report on Monday.

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.