Daiwa Securities Group Inc. Makes New $61,000 Investment in Jumia Technologies AG (NYSE:JMIA)

Daiwa Securities Group Inc. acquired a new stake in Jumia Technologies AG (NYSE:JMIA) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 17,199 shares of the company’s stock, valued at approximately $61,000.

Several other hedge funds also recently modified their holdings of JMIA. Deuterium Capital Management LLC bought a new position in Jumia Technologies during the third quarter valued at about $33,000. International Assets Investment Management LLC grew its holdings in shares of Jumia Technologies by 236.3% during the 4th quarter. International Assets Investment Management LLC now owns 56,833 shares of the company’s stock worth $201,000 after purchasing an additional 39,933 shares in the last quarter. Belpointe Asset Management LLC increased its position in shares of Jumia Technologies by 45.1% during the third quarter. Belpointe Asset Management LLC now owns 76,288 shares of the company’s stock valued at $201,000 after purchasing an additional 23,694 shares during the period. Laird Norton Trust Company LLC acquired a new position in shares of Jumia Technologies in the third quarter valued at $280,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in Jumia Technologies by 69.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 115,581 shares of the company’s stock worth $305,000 after purchasing an additional 47,487 shares during the period. 16.50% of the stock is owned by institutional investors.

Jumia Technologies Trading Up 3.2 %

Shares of JMIA opened at $4.54 on Monday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.36 and a current ratio of 1.44. The company has a 50-day moving average price of $5.37 and a two-hundred day moving average price of $3.92. Jumia Technologies AG has a 12 month low of $2.22 and a 12 month high of $8.10.

Analyst Ratings Changes

Separately, Morgan Stanley raised shares of Jumia Technologies from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $3.00 to $3.60 in a report on Wednesday, January 3rd.

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 consumers; logistics service that 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.