Mitsubishi UFJ Asset Management Co. Ltd. Buys 16,897 Shares of Jumia Technologies $JMIA

Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Jumia Technologies (NYSE:JMIA) by 29.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 74,970 shares of the company’s stock after acquiring an additional 16,897 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.06% of Jumia Technologies worth $301,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Ritholtz Wealth Management bought a new stake in Jumia Technologies in the 2nd quarter valued at $53,000. RFG Advisory LLC purchased a new position in shares of Jumia Technologies during the second quarter valued at about $80,000. Prostatis Group LLC purchased a new position in shares of Jumia Technologies during the second quarter valued at about $288,000. Truist Financial Corp bought a new stake in shares of Jumia Technologies in the second quarter worth about $73,000. Finally, Retireful LLC purchased a new stake in shares of Jumia Technologies in the second quarter worth about $70,000. 16.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on JMIA shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Jumia Technologies in a research note on Wednesday, October 8th. Royal Bank Of Canada upgraded Jumia Technologies from a “sector perform” rating to an “outperform” rating and increased their target price for the company from $6.50 to $15.00 in a research report on Tuesday, September 16th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Jumia Technologies presently has an average rating of “Hold” and a consensus target price of $15.00.

Jumia Technologies Stock Up 5.0%

Shares of NYSE JMIA opened at $10.57 on Friday. Jumia Technologies has a 1-year low of $1.60 and a 1-year high of $13.14. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.28. The business’s 50 day moving average is $11.16 and its two-hundred day moving average is $6.94.

Jumia Technologies Company 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 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.