Truist Financial Corp Boosts Stock Position in Jumia Technologies AG (NYSE:JMIA) – Defense World
Posted by admin on Jul 31st, 2022 
Truist Financial Corp increased its stake in shares of Jumia Technologies AG (NYSE:JMIA – Get Rating) by 67.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 24,941 shares of the company’s stock after buying an additional 10,016 shares during the quarter. Truist Financial Corp’s holdings in Jumia Technologies were worth $239,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JMIA. Sterling Investment Advisors Ltd. increased its holdings in shares of Jumia Technologies by 15,950.0% during the 4th quarter. Sterling Investment Advisors Ltd. now owns 8,025 shares of the company’s stock worth $91,000 after buying an additional 7,975 shares during the last quarter. C2C Wealth Management LLC acquired a new stake in Jumia Technologies during the fourth quarter worth $116,000. 360 Financial Inc. purchased a new stake in Jumia Technologies in the first quarter valued at $118,000. Shay Capital LLC acquired a new position in shares of Jumia Technologies in the 4th quarter valued at $134,000. Finally, Key Client Fiduciary Advisors LLC purchased a new position in shares of Jumia Technologies during the 4th quarter worth $136,000. Institutional investors and hedge funds own 37.98% of the company’s stock.
NYSE:JMIA opened at $5.51 on Friday. Jumia Technologies AG has a fifty-two week low of $4.47 and a fifty-two week high of $22.97. The company has a quick ratio of 3.09, a current ratio of 3.20 and a debt-to-equity ratio of 0.02. The company has a 50 day moving average price of $6.36 and a 200 day moving average price of $7.63.
Separately, Stifel Nicolaus reduced their price objective on shares of Jumia Technologies from $9.00 to $8.00 in a report on Tuesday, June 28th.
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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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