683 Capital Management LLC Takes $3.38 Million Position in Jumia Technologies AG (NYSE:JMIA)

683 Capital Management LLC acquired a new stake in shares of Jumia Technologies AG (NYSE:JMIA - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 885,811 shares of the company's stock, valued at approximately $3,384,000. 683 Capital Management LLC owned approximately 0.88% of Jumia Technologies as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Quadrant Capital Group LLC raised its stake in Jumia Technologies by 24.0% in the 4th quarter. Quadrant Capital Group LLC now owns 14,487 shares of the company's stock valued at $55,000 after purchasing an additional 2,804 shares during the last quarter. Signaturefd LLC raised its position in shares of Jumia Technologies by 98.9% in the fourth quarter. Signaturefd LLC now owns 6,809 shares of the company's stock valued at $26,000 after buying an additional 3,385 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Jumia Technologies by 148.4% in the fourth quarter. Blue Trust Inc. now owns 7,072 shares of the company's stock worth $27,000 after buying an additional 4,225 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in Jumia Technologies by 118.8% during the fourth quarter. Daiwa Securities Group Inc. now owns 14,145 shares of the company's stock worth $54,000 after acquiring an additional 7,679 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its position in Jumia Technologies by 26.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 36,799 shares of the company's stock worth $141,000 after acquiring an additional 7,700 shares during the last quarter. Institutional investors and hedge funds own 16.50% of the company's stock.

Jumia Technologies Trading Down 3.4 %

Shares of NYSE JMIA traded down $0.09 during trading on Wednesday, hitting $2.44. 1,794,085 shares of the company were exchanged, compared to its average volume of 3,980,203. The company has a fifty day moving average price of $2.26 and a 200-day moving average price of $3.41. The company has a quick ratio of 1.73, a current ratio of 1.80 and a debt-to-equity ratio of 0.07. Jumia Technologies AG has a 12-month low of $1.60 and a 12-month high of $15.04.

Jumia Technologies (NYSE:JMIA - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported ($999.00) EPS for the quarter. Jumia Technologies had a negative return on equity of 174.93% and a negative net margin of 59.16%. The firm had revenue of $45.69 million for the quarter.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada decreased their target price on shares of Jumia Technologies from $5.00 to $4.75 and set a "sector perform" rating on the stock in a research note on Friday, February 21st.

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.