SBI Securities Co. Ltd. Buys New Holdings in Jumia Technologies AG (NYSE:JMIA)

SBI Securities Co. Ltd. purchased a new position in Jumia Technologies AG (NYSE:JMIA) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 306,479 shares of the company’s stock, valued at approximately $1,171,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets raised its holdings in shares of Jumia Technologies by 802.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,413,574 shares of the company’s stock worth $12,888,000 after acquiring an additional 2,146,114 shares during the last quarter. RWC Asset Management LLP raised its stake in shares of Jumia Technologies by 235.0% in the fourth 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. JPMorgan Chase & Co. lifted its holdings in shares of Jumia Technologies by 120,393.4% in the third quarter. JPMorgan Chase & Co. now owns 730,190 shares of the company’s stock valued at $3,899,000 after purchasing an additional 729,584 shares in the last quarter. State Street Corp boosted its position in shares of Jumia Technologies by 1.4% during the third quarter. State Street Corp now owns 709,752 shares of the company’s stock valued at $3,790,000 after buying an additional 9,567 shares during the last quarter. Finally, Dorsey Wright & Associates bought a new stake in Jumia Technologies during the third quarter worth $1,228,000. Institutional investors and hedge funds own 16.50% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada dropped their price objective 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 Stock Performance

NYSE:JMIA opened at $2.31 on Tuesday. Jumia Technologies AG has a 52 week low of $2.28 and a 52 week high of $15.04. The firm has a 50-day moving average price of $3.73 and a two-hundred day moving average price of $4.31. 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 (NYSE:JMIA) last released its earnings results on Thursday, February 20th. The company reported ($999.00) earnings per share (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.