D. E. Shaw & Co. Inc. Sells 1,460,651 Shares of Jumia Technologies AG (NYSE:JMIA)

D. E. Shaw & Co. Inc. decreased its position in Jumia Technologies AG (NYSE:JMIA - Free Report) by 25.5% during the 4th quarter, according to its most recent disclosure with the SEC. 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 about 4.22% of Jumia Technologies worth $16,299,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in JMIA. JPMorgan Chase & Co. increased its position 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 buying an additional 729,584 shares during the period. SBI Securities Co. Ltd. bought a new stake in Jumia Technologies during the 4th quarter valued at approximately $1,171,000. Raymond James Financial Inc. purchased a new position in shares of Jumia Technologies during the 4th quarter worth approximately $219,000. Ballentine Partners LLC bought a new position in shares of Jumia Technologies in the 4th quarter worth approximately $49,000. Finally, Marshall Wace LLP raised its position in shares of Jumia Technologies by 180.5% in the 4th quarter. Marshall Wace LLP now owns 1,023,405 shares of the company's stock worth $3,909,000 after acquiring an additional 658,618 shares in the last quarter. Institutional investors own 16.50% of the company's stock.

Analyst Ratings Changes

Separately, Royal Bank of Canada reduced their price target on 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 Price Performance

Shares of NYSE JMIA opened at $3.56 on Tuesday. Jumia Technologies AG has a 1 year low of $1.60 and a 1 year high of $15.04. 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 firm has a 50-day moving average of $2.30 and a 200 day moving average of $3.36.

Jumia Technologies (NYSE:JMIA - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. 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%.

About Jumia Technologies

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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