Truist Financial Corp reduced its holdings in Jumia Technologies AG (NYSE:JMIA – Free Report) by 9.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 73,334 shares of the company’s stock after selling 7,837 shares during the period. Truist Financial Corp owned 0.07% of Jumia Technologies worth $259,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in JMIA. Laird Norton Trust Company LLC acquired a new position in shares of Jumia Technologies during the 3rd quarter worth about $280,000. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Jumia Technologies by 69.7% during the 3rd 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 last quarter. International Assets Investment Management LLC increased its stake 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 during the last quarter. Belpointe Asset Management LLC increased its stake in shares of Jumia Technologies by 45.1% during the 3rd quarter. Belpointe Asset Management LLC now owns 76,288 shares of the company’s stock worth $201,000 after purchasing an additional 23,694 shares during the last quarter. Finally, Daiwa Securities Group Inc. acquired a new position in shares of Jumia Technologies during the 4th quarter worth about $61,000. 16.50% of the stock is currently owned by institutional investors and hedge funds.
Jumia Technologies Stock Down 7.7 %
Jumia Technologies stock opened at $6.03 on Wednesday. The company’s 50-day moving average is $5.38 and its 200-day moving average is $4.30. 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 0.05, a quick ratio of 1.19 and a current ratio of 1.27.
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.
Featured Articles
Want to see what other hedge funds are holding JMIA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jumia Technologies AG (NYSE:JMIA – Free Report).
Receive News & Ratings for Jumia Technologies Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Jumia Technologies and related companies with MarketBeat.com’s FREE daily email newsletter.
Source: defenseworld.net
