Blair William & Co. IL Raises Stock Holdings in Jumia Technologies (NYSE:JMIA)

Blair William & Co. IL raised its position in Jumia Technologies (NYSE:JMIA) by 28.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,700 shares of the company’s stock after buying an additional 7,500 shares during the quarter. Blair William & Co. IL’s holdings in Jumia Technologies were worth $72,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Deuterium Capital Management LLC purchased a new position in shares of Jumia Technologies during the first quarter worth about $27,000. SBI Securities Co. Ltd. grew its holdings in shares of Jumia Technologies by 30.4% during the first quarter. SBI Securities Co. Ltd. now owns 399,663 shares of the company’s stock worth $859,000 after buying an additional 93,184 shares during the last quarter. Revisor Wealth Management LLC purchased a new position in shares of Jumia Technologies during the first quarter worth about $399,000. PDS Planning Inc purchased a new position in shares of Jumia Technologies during the first quarter worth about $31,000. Finally, Insigneo Advisory Services LLC grew its holdings in shares of Jumia Technologies by 15.2% during the first quarter. Insigneo Advisory Services LLC now owns 77,150 shares of the company’s stock worth $166,000 after buying an additional 10,200 shares during the last quarter. Hedge funds and other institutional investors own 16.50% of the company’s stock.

Analyst Upgrades and Downgrades

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

Jumia Technologies Stock Up 3.0%

JMIA stock opened at $7.47 on Thursday. The company’s 50 day simple moving average is $4.33 and its 200-day simple moving average is $3.34. 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.

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.