Sumitomo Mitsui Trust Holdings Inc. Makes New $28.11 Million Investment in Jumia Technologies AG – (NYSE:JMIA)

Sumitomo Mitsui Trust Holdings Inc. purchased a new position in shares of Jumia Technologies AG – (NYSE:JMIA) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,063,875 shares of the company’s stock, valued at approximately $28,108,000. Sumitomo Mitsui Trust Holdings Inc. owned approximately 1.39% of Jumia Technologies at the end of the most recent quarter.

Separately, Winslow Evans & Crocker Inc. purchased a new stake in shares of Jumia Technologies during the second quarter worth $68,000. Hedge funds and other institutional investors own 2.42% of the company’s stock.

Shares of JMIA stock opened at $13.13 on Wednesday. The stock’s fifty day moving average price is $21.09. Jumia Technologies AG – has a 12 month low of $11.30 and a 12 month high of $49.77.

A number of analysts have recently weighed in on the company. Morgan Stanley cut their price objective on Jumia Technologies from $27.00 to $22.00 and set an “underweight” rating on the stock in a research report on Tuesday, May 14th. Zacks Investment Research lowered Jumia Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, July 10th. Raymond James raised Jumia Technologies from a “market perform” rating to an “outperform” rating and set a $36.00 price objective on the stock in a research report on Tuesday, May 14th. They noted that the move was a valuation call. William Blair assumed coverage on Jumia Technologies in a research report on Tuesday, May 7th. They set a “market perform” rating on the stock. Finally, Citigroup upped their price objective on Jumia Technologies to $41.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 14th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $37.33.

Jumia Technologies Profile

Jumia Technologies AG operates an e-commerce platform in Africa. The company's platform consists of marketplace, which 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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Institutional Ownership by Quarter for Jumia Technologies (NYSE:JMIA)

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