Jumia Technologies AG (NYSE:JMIA) Shares Sold by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. cut its stake in shares of Jumia Technologies AG (NYSE:JMIA) by 28.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 27,713 shares of the company’s stock after selling 11,085 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Jumia Technologies were worth $98,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Raymond James Financial Services Advisors Inc. boosted its holdings in Jumia Technologies by 5.5% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 119,588 shares of the company’s stock valued at $422,000 after purchasing an additional 6,245 shares during the last quarter. Citigroup Inc. increased its stake in Jumia Technologies by 12.2% during the third quarter. Citigroup Inc. now owns 117,783 shares of the company’s stock worth $311,000 after purchasing an additional 12,800 shares during the period. GAMMA Investing LLC acquired a new stake in shares of Jumia Technologies in the fourth quarter valued at $47,000. Daiwa Securities Group Inc. acquired a new stake in Jumia Technologies in the 4th quarter valued at about $61,000. Finally, Belpointe Asset Management LLC grew its holdings in 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 acquiring an additional 23,694 shares in the last quarter. Institutional investors and hedge funds own 16.50% of the company’s stock.

Jumia Technologies Stock Up 8.8 %

Jumia Technologies stock opened at $6.16 on Friday. The stock’s fifty day moving average is $5.31 and its two-hundred day moving average is $4.36. Jumia Technologies AG has a 1-year low of $2.22 and a 1-year 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.

Jumia Technologies 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.