Baillie Gifford & Co. Sells 288,834 Shares of Jumia Technologies AG (NYSE:JMIA)

Baillie Gifford & Co. decreased its holdings in shares of Jumia Technologies AG (NYSE:JMIA) by 3.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,777,057 shares of the company’s stock after selling 288,834 shares during the period. Baillie Gifford & Co. owned 8.68% of Jumia Technologies worth $33,528,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in JMIA. BNP Paribas Financial Markets boosted its holdings in Jumia Technologies by 802.4% in the third quarter. BNP Paribas Financial Markets now owns 2,413,574 shares of the company’s stock worth $12,888,000 after acquiring an additional 2,146,114 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Jumia Technologies by 120,393.4% in the third quarter. JPMorgan Chase & Co. now owns 730,190 shares of the company’s stock worth $3,899,000 after acquiring an additional 729,584 shares in the last quarter. State Street Corp boosted its holdings in Jumia Technologies by 1.4% in the third quarter. State Street Corp now owns 709,752 shares of the company’s stock worth $3,790,000 after acquiring an additional 9,567 shares in the last quarter. Dorsey Wright & Associates bought a new position in Jumia Technologies in the third quarter worth approximately $1,228,000. Finally, International Assets Investment Management LLC boosted its holdings in Jumia Technologies by 685.9% in the third quarter. International Assets Investment Management LLC now owns 145,782 shares of the company’s stock worth $778,000 after acquiring an additional 127,232 shares in the last quarter. Institutional investors own 16.50% of the company’s stock.

Jumia Technologies Stock Down 0.6 %

NYSE:JMIA opened at $4.14 on Tuesday. 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 fifty day simple moving average of $4.05 and a two-hundred day simple moving average of $4.58. Jumia Technologies AG has a 1 year low of $3.36 and a 1 year high of $15.04.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada assumed coverage on Jumia Technologies in a research note on Wednesday, November 13th. They issued 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.