10,900 Shares in Jumia Technologies AG (NYSE:JMIA) Acquired by CenterStar Asset Management LLC

CenterStar Asset Management LLC purchased a new stake in Jumia Technologies AG (NYSE:JMIA) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 10,900 shares of the company’s stock, valued at approximately $42,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. BNP Paribas Financial Markets raised its stake in Jumia Technologies by 802.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,413,574 shares of the company’s stock worth $12,888,000 after buying an additional 2,146,114 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Jumia Technologies by 120,393.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 730,190 shares of the company’s stock worth $3,899,000 after purchasing an additional 729,584 shares in the last quarter. State Street Corp grew its position in Jumia Technologies by 1.4% in the 3rd quarter. State Street Corp now owns 709,752 shares of the company’s stock valued at $3,790,000 after purchasing an additional 9,567 shares during the period. Millennium Management LLC increased its stake in Jumia Technologies by 393.4% during the 2nd quarter. Millennium Management LLC now owns 372,920 shares of the company’s stock valued at $2,618,000 after purchasing an additional 297,333 shares in the last quarter. Finally, Dorsey Wright & Associates bought a new stake in Jumia Technologies during the 3rd quarter valued at $1,228,000. 16.50% of the stock is currently owned by institutional investors.

Jumia Technologies Stock Down 2.6 %

Shares of Jumia Technologies stock opened at $3.89 on Tuesday. Jumia Technologies AG has a 52 week low of $2.95 and a 52 week high of $15.04. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.80 and a quick ratio of 1.73. The business has a 50 day moving average price of $4.06 and a 200-day moving average price of $5.19.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada initiated coverage on shares of Jumia Technologies in a report on Wednesday, November 13th. They set a “sector perform” rating and a $5.00 price objective for the company.

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.