D. E. Shaw & Co. Inc. lowered its stake in shares of Jumia Technologies AG (NYSE:JMIA - Free Report) by 25.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,266,821 shares of the company's stock after selling 1,460,651 shares during the period. D. E. Shaw & Co. Inc. owned 4.22% of Jumia Technologies worth $16,299,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in JMIA. JPMorgan Chase & Co. boosted its stake in shares of Jumia Technologies by 120,393.4% during the third quarter. JPMorgan Chase & Co. now owns 730,190 shares of the company's stock valued at $3,899,000 after acquiring an additional 729,584 shares during the last quarter. Harbour Capital Advisors LLC acquired a new stake in shares of Jumia Technologies during the fourth quarter valued at $527,000. Ballentine Partners LLC acquired a new stake in shares of Jumia Technologies during the fourth quarter valued at $49,000. Octavia Wealth Advisors LLC acquired a new stake in shares of Jumia Technologies during the fourth quarter valued at $63,000. Finally, Blue Trust Inc. boosted its stake in shares of Jumia Technologies by 148.4% during the fourth quarter. Blue Trust Inc. now owns 7,072 shares of the company's stock valued at $27,000 after acquiring an additional 4,225 shares during the last quarter. Institutional investors and hedge funds own 16.50% of the company's stock.
Analyst Ratings Changes
Separately, Royal Bank of Canada reduced their target price on Jumia Technologies from $5.00 to $4.75 and set a "sector perform" rating on the stock in a research report on Friday, February 21st.
Check Out Our Latest Analysis on Jumia Technologies
Jumia Technologies Stock Up 4.7%
NYSE JMIA traded up $0.15 during trading hours on Friday, hitting $3.21. 2,119,151 shares of the company's stock were exchanged, compared to its average volume of 3,953,637. The business's 50 day moving average is $2.38 and its 200-day moving average is $3.31. Jumia Technologies AG has a 12-month low of $1.60 and a 12-month high of $15.04. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.73 and a current ratio of 1.80.
Jumia Technologies (NYSE:JMIA - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported ($999.00) earnings per share for the quarter. Jumia Technologies had a negative return on equity of 174.93% and a negative net margin of 59.16%. The business had revenue of $45.69 million for the quarter.
About Jumia Technologies
(
Free Report)
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.
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