Jumia Technologies Sees Unusually Large Options Volume (NYSE:JMIA)

Jumia Technologies AG (NYSE:JMIA – Get Rating) saw unusually large options trading on Wednesday. Traders acquired 22,075 call options on the company. This is an increase of 225% compared to the typical volume of 6,782 call options.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Advisor Group Holdings Inc. raised its stake in shares of Jumia Technologies by 3.6% in the 1st quarter. Advisor Group Holdings Inc. now owns 41,248 shares of the company’s stock valued at $150,000 after acquiring an additional 1,431 shares in the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of Jumia Technologies by 10.2% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 21,299 shares of the company’s stock valued at $129,000 after acquiring an additional 1,980 shares in the last quarter. CWM LLC raised its stake in shares of Jumia Technologies by 5.2% in the 3rd quarter. CWM LLC now owns 46,670 shares of the company’s stock valued at $271,000 after acquiring an additional 2,297 shares in the last quarter. Van ECK Associates Corp grew its holdings in Jumia Technologies by 2.7% in the 2nd quarter. Van ECK Associates Corp now owns 88,975 shares of the company’s stock valued at $539,000 after buying an additional 2,323 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in Jumia Technologies by 12.9% in the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 22,341 shares of the company’s stock valued at $135,000 after buying an additional 2,560 shares during the last quarter. 22.22% of the stock is owned by institutional investors.

Jumia Technologies Price Performance

JMIA opened at $3.89 on Thursday. Jumia Technologies has a fifty-two week low of $2.92 and a fifty-two week high of $12.53. The business has a 50-day moving average of $3.94 and a 200-day moving average of $5.56. The company has a quick ratio of 2.53, a current ratio of 2.62 and a debt-to-equity ratio of 0.04.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus cut their price target on Jumia Technologies from $9.00 to $6.00 and set a “hold” rating for the company in a research note on Friday, November 18th.

Jumia Technologies Company 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.