Jumia Technologies AG (NYSE:JMIA) Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC increased its holdings in shares of Jumia Technologies AG (NYSE:JMIA) by 236.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 56,833 shares of the company’s stock after purchasing an additional 39,933 shares during the quarter. International Assets Investment Management LLC’s holdings in Jumia Technologies were worth $201,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Deuterium Capital Management LLC acquired a new stake in shares of Jumia Technologies during the 3rd quarter worth about $33,000. Belpointe Asset Management LLC boosted its holdings in Jumia Technologies by 45.1% during the 3rd quarter. Belpointe Asset Management LLC now owns 76,288 shares of the company’s stock valued at $201,000 after acquiring an additional 23,694 shares during the period. Laird Norton Trust Company LLC purchased a new position in shares of Jumia Technologies in the 3rd quarter valued at about $280,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Jumia Technologies by 69.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 115,581 shares of the company’s stock valued at $305,000 after buying an additional 47,487 shares during the period. Finally, Citigroup Inc. boosted its stake in shares of Jumia Technologies by 12.2% in the 3rd quarter. Citigroup Inc. now owns 117,783 shares of the company’s stock valued at $311,000 after buying an additional 12,800 shares during the period. 16.50% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Morgan Stanley upgraded Jumia Technologies from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $3.00 to $3.60 in a research note on Wednesday, January 3rd.

Jumia Technologies Stock Performance

JMIA stock opened at $4.54 on Monday. The business has a 50 day moving average price of $5.37 and a 200 day moving average price of $3.92. Jumia Technologies AG has a fifty-two week low of $2.22 and a fifty-two week high of $8.10. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.36 and a current ratio of 1.44.

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 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.