SBI Securities Co. Ltd. Invests $1.17 Million in Jumia Technologies AG (NYSE:JMIA)

SBI Securities Co. Ltd. bought a new stake in shares of Jumia Technologies AG (NYSE:JMIA - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 306,479 shares of the company's stock, valued at approximately $1,171,000. SBI Securities Co. Ltd. owned 0.30% of Jumia Technologies as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of JMIA. BNP Paribas Financial Markets increased its holdings in shares of Jumia Technologies by 802.4% during the third quarter. BNP Paribas Financial Markets now owns 2,413,574 shares of the company's stock valued at $12,888,000 after acquiring an additional 2,146,114 shares in the last quarter. RWC Asset Management LLP increased its stake 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 valued at $5,628,000 after purchasing an additional 1,033,457 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Jumia Technologies by 120,393.4% during the 3rd 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. Dorsey Wright & Associates acquired a new position in Jumia Technologies during the third quarter worth $1,228,000. Finally, Harbour Capital Advisors LLC bought a new position in shares of Jumia Technologies in the fourth quarter valued at $527,000. 16.50% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Jumia Technologies Trading Up 3.9 %

Shares of Jumia Technologies stock traded up $0.10 during mid-day trading on Wednesday, hitting $2.51. 1,664,028 shares of the stock were exchanged, compared to its average volume of 3,491,381. Jumia Technologies AG has a 12 month low of $2.21 and a 12 month high of $15.04. The company has a 50-day simple moving average of $3.70 and a 200 day simple moving average of $4.29. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.80 and a quick ratio of 1.73.

Jumia Technologies (NYSE:JMIA - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported ($999.00) EPS for the quarter. The business had revenue of $45.69 million for 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.