Jones Financial Companies Lllp Grows Stock Position in Jumia Technologies AG (NYSE:JMIA)

Jones Financial Companies Lllp boosted its stake in shares of Jumia Technologies AG (NYSE:JMIA) by 65.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,123 shares of the company’s stock after purchasing an additional 13,861 shares during the quarter. Jones Financial Companies Lllp’s holdings in Jumia Technologies were worth $134,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Blue Trust Inc. increased its holdings in shares of 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 acquiring an additional 4,225 shares during the last quarter. CenterStar Asset Management LLC acquired a new stake in Jumia Technologies during the fourth quarter worth approximately $42,000. Ballentine Partners LLC purchased a new stake in shares of Jumia Technologies during the 4th quarter worth approximately $49,000. Wrapmanager Inc. purchased a new position in shares of Jumia Technologies in the 3rd quarter valued at $58,000. Finally, Octavia Wealth Advisors LLC acquired a new stake in Jumia Technologies during the 4th quarter worth $63,000. Institutional investors and hedge funds own 16.50% of the company’s stock.

Wall Street Analysts Forecast Growth

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 report on Friday, February 21st.

Jumia Technologies Stock Up 2.0 %

Shares of JMIA opened at $2.34 on Friday. The company’s 50 day simple moving average is $3.44 and its 200-day simple moving average is $4.14. Jumia Technologies AG has a 12-month low of $2.21 and a 12-month high of $15.04. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.73 and a current ratio of 1.80.

Jumia Technologies (NYSE:JMIA) last issued its 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 firm had revenue of $45.69 million during the quarter.

Jumia Technologies 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.