National Asset Management Inc. Invests $108,000 in Jumia Technologies AG (NYSE:JMIA)

National Asset Management Inc. acquired a new stake in shares of Jumia Technologies AG (NYSE:JMIAGet Rating) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,245 shares of the company’s stock, valued at approximately $108,000.

Several other institutional investors also recently bought and sold shares of the business. Renaissance Technologies LLC increased its holdings in Jumia Technologies by 1,227.0% during the fourth quarter. Renaissance Technologies LLC now owns 1,210,269 shares of the company’s stock valued at $13,797,000 after buying an additional 1,119,069 shares during the period. Credit Suisse AG boosted its stake in Jumia Technologies by 308.9% in the fourth quarter. Credit Suisse AG now owns 593,503 shares of the company’s stock valued at $6,766,000 after acquiring an additional 448,347 shares in the last quarter. Cubist Systematic Strategies LLC boosted its stake in Jumia Technologies by 518.2% in the fourth quarter. Cubist Systematic Strategies LLC now owns 343,255 shares of the company’s stock valued at $3,913,000 after acquiring an additional 287,730 shares in the last quarter. Squarepoint Ops LLC boosted its stake in Jumia Technologies by 94.2% in the fourth quarter. Squarepoint Ops LLC now owns 285,005 shares of the company’s stock valued at $3,249,000 after acquiring an additional 138,268 shares in the last quarter. Finally, Seven Eight Capital LP boosted its stake in Jumia Technologies by 17.1% in the fourth quarter. Seven Eight Capital LP now owns 210,487 shares of the company’s stock valued at $2,400,000 after acquiring an additional 30,730 shares in the last quarter. 37.98% of the stock is owned by hedge funds and other institutional investors.

Jumia Technologies Price Performance

Shares of JMIA opened at $5.43 on Tuesday. Jumia Technologies AG has a twelve month low of $4.47 and a twelve month high of $22.97. The company has a 50 day moving average of $6.34 and a two-hundred day moving average of $7.58. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.09 and a current ratio of 3.20.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus lowered their target price on shares of Jumia Technologies from $9.00 to $8.00 in a research note on Tuesday, June 28th.

Jumia Technologies Profile

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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.

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Institutional Ownership by Quarter for Jumia Technologies (NYSE:JMIA)

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