Jumia Technologies AG (NYSE:JMIA) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets lowered its position in Jumia Technologies AG (NYSE:JMIA - Free Report) by 84.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 381,816 shares of the company's stock after selling 2,031,758 shares during the period. BNP Paribas Financial Markets owned about 0.38% of Jumia Technologies worth $1,459,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of JMIA. JPMorgan Chase & Co. increased its holdings in Jumia Technologies by 120,393.4% in the 3rd 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 during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Jumia Technologies in the 4th quarter worth approximately $1,171,000. Raymond James Financial Inc. bought a new stake in shares of Jumia Technologies in the 4th quarter valued at about $219,000. Ballentine Partners LLC purchased a new position in shares of Jumia Technologies in the fourth quarter worth $49,000. Finally, Marshall Wace LLP increased its position in shares of Jumia Technologies by 180.5% in the fourth quarter. Marshall Wace LLP now owns 1,023,405 shares of the company's stock valued at $3,909,000 after acquiring an additional 658,618 shares during the period. Institutional investors own 16.50% of the company's stock.

Jumia Technologies Trading Down 4.4%

Shares of JMIA stock traded down $0.14 on Wednesday, hitting $2.92. 2,363,896 shares of the stock traded hands, compared to its average volume of 3,927,766. Jumia Technologies AG has a 52 week low of $1.60 and a 52 week high of $15.04. The company has a quick ratio of 1.73, a current ratio of 1.80 and a debt-to-equity ratio of 0.07. The firm has a 50 day simple moving average of $2.41 and a two-hundred day simple moving average of $3.30.

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

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada dropped their price target 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.

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.