Jumia Technologies AG (NYSE:JMIA) Shares Sold by Headlands Technologies LLC

Headlands Technologies LLC decreased its holdings in Jumia Technologies AG (NYSE:JMIA) by 38.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,973 shares of the company’s stock after selling 48,581 shares during the quarter. Headlands Technologies LLC owned approximately 0.08% of Jumia Technologies worth $294,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. RWC Asset Management LLP raised its stake in Jumia Technologies by 235.0% during 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 period. JPMorgan Chase & Co. raised its position in shares of 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 buying an additional 729,584 shares during the period. State Street Corp boosted its holdings in Jumia Technologies by 1.4% in the third quarter. State Street Corp now owns 709,752 shares of the company’s stock valued at $3,790,000 after acquiring an additional 9,567 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in Jumia Technologies during the fourth quarter valued at about $1,171,000. Finally, Dorsey Wright & Associates acquired a new stake in Jumia Technologies during the third quarter worth about $1,228,000. 16.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada decreased their target price 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 Stock Performance

JMIA opened at $1.75 on Friday. The firm’s 50 day moving average is $2.97 and its 200-day moving average is $3.90. 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 52-week low of $1.74 and a 52-week high of $15.04.

Jumia Technologies (NYSE:JMIA) last issued its quarterly earnings data on Thursday, February 20th. The company reported ($999.00) EPS for the quarter. The firm had revenue of $45.69 million during the quarter. Jumia Technologies had a negative return on equity of 174.93% and a negative net margin of 59.16%.

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.