Baillie Gifford & Co. reduced its position in Jumia Technologies AG (NYSE:JMIA - Free Report) by 3.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,777,057 shares of the company's stock after selling 288,834 shares during the quarter. Baillie Gifford & Co. owned about 8.68% of Jumia Technologies worth $33,528,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. raised 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 purchasing an additional 4,225 shares during the last quarter. State Street Corp grew its holdings in Jumia Technologies by 1.4% in the 3rd 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 in the last quarter. Crumly & Associates Inc. purchased a new stake in Jumia Technologies in the 3rd quarter valued at $55,000. The Manufacturers Life Insurance Company purchased a new stake in Jumia Technologies in the 2nd quarter valued at $74,000. Finally, Wrapmanager Inc. purchased a new stake in Jumia Technologies in the 3rd quarter valued at $58,000. 16.50% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Separately, Royal Bank of Canada dropped 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.
Check Out Our Latest Stock Analysis on JMIA
Jumia Technologies Trading Down 2.3 %
Shares of NYSE JMIA traded down $0.07 during mid-day trading on Friday, reaching $2.76. 8,331,287 shares of the company's stock were exchanged, compared to its average volume of 3,470,932. 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 AG has a 52-week low of $2.69 and a 52-week high of $15.04. The company's 50-day moving average is $3.97 and its 200-day moving average is $4.47.
Jumia Technologies (NYSE:JMIA - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported ($999.00) EPS for the quarter. Jumia Technologies had a negative net margin of 53.64% and a negative return on equity of 161.08%. The firm had revenue of $45.69 million for the quarter.
About Jumia Technologies
(
Free Report)
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.
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