Jumia Technologies AG (NYSE:JMIA) Shares Purchased by Graham Capital Management L.P.

Graham Capital Management L.P. lifted its position in Jumia Technologies AG (NYSE:JMIA - Free Report) by 61.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 210,024 shares of the company's stock after buying an additional 80,115 shares during the period. Graham Capital Management L.P. owned approximately 0.21% of Jumia Technologies worth $802,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. RWC Asset Management LLP grew its position in Jumia Technologies by 235.0% during the 4th quarter. RWC Asset Management LLP now owns 1,473,192 shares of the company's stock worth $5,628,000 after purchasing an additional 1,033,457 shares during the last quarter. Marshall Wace LLP grew its position in Jumia Technologies by 180.5% during the 4th quarter. Marshall Wace LLP now owns 1,023,405 shares of the company's stock worth $3,909,000 after purchasing an additional 658,618 shares during the last quarter. 683 Capital Management LLC purchased a new stake in Jumia Technologies during the 4th quarter worth approximately $3,384,000. JPMorgan Chase & Co. grew its position in Jumia Technologies by 120,393.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 730,190 shares of the company's stock worth $3,899,000 after purchasing an additional 729,584 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in Jumia Technologies during the 4th quarter worth approximately $1,171,000. Hedge funds and other institutional investors own 16.50% of the company's stock.

Analysts Set New Price Targets

Separately, Royal Bank of Canada dropped 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 report on Friday, February 21st.

Jumia Technologies Stock Performance

Shares of JMIA stock traded up $0.15 during trading hours on Friday, hitting $3.21. The company's stock had a trading volume of 2,119,151 shares, compared to its average volume of 3,966,192. The company has a 50 day moving average of $2.38 and a 200 day moving average of $3.33. 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 released its quarterly earnings data on Thursday, February 20th. The company reported ($999.00) EPS 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%.

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.