BNP Paribas Financial Markets Decreases Stake in Jumia Technologies AG (NYSE:JMIA)

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

Several other institutional investors and hedge funds also recently added to or reduced their stakes in JMIA. Ameriprise Financial Inc. boosted its stake in shares of Jumia Technologies by 11.0% during the 4th quarter. Ameriprise Financial Inc. now owns 24,717 shares of the company's stock worth $94,000 after acquiring an additional 2,455 shares in the last quarter. Quadrant Capital Group LLC lifted 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 buying an additional 2,804 shares in the last quarter. Signaturefd LLC lifted its stake in Jumia Technologies by 98.9% in the 4th quarter. Signaturefd LLC now owns 6,809 shares of the company's stock valued at $26,000 after buying an additional 3,385 shares in the last quarter. Blue Trust Inc. lifted its stake in Jumia Technologies by 148.4% in the 4th quarter. Blue Trust Inc. now owns 7,072 shares of the company's stock valued at $27,000 after buying an additional 4,225 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its stake in Jumia Technologies by 118.8% in the 4th quarter. Daiwa Securities Group Inc. now owns 14,145 shares of the company's stock valued at $54,000 after buying an additional 7,679 shares in the last quarter. Institutional investors and hedge funds own 16.50% of the company's stock.

Analysts Set New Price Targets

Separately, Royal Bank of Canada cut their price target on Jumia Technologies from $5.00 to $4.75 and set a "sector perform" rating for the company in a report on Friday, February 21st.

Jumia Technologies Price Performance

JMIA traded down $0.03 during trading on Friday, hitting $3.25. The company's stock had a trading volume of 3,635,596 shares, compared to its average volume of 3,932,649. The firm's 50 day moving average price is $2.45 and its 200-day moving average price is $3.27. The company has a current ratio of 1.80, a quick ratio of 1.73 and a debt-to-equity ratio of 0.07. Jumia Technologies AG has a twelve month low of $1.60 and a twelve month high of $15.04.

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

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.