Daiwa Securities Group Inc. Raises Stake in Jumia Technologies AG (NYSE:JMIA)

Daiwa Securities Group Inc. boosted its holdings in shares of Jumia Technologies AG (NYSE:JMIA) by 118.8% in the fourth quarter, HoldingsChannel reports. The fund owned 14,145 shares of the company’s stock after acquiring an additional 7,679 shares during the period. Daiwa Securities Group Inc.’s holdings in Jumia Technologies were worth $54,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of JMIA. Blue Trust Inc. lifted its position in Jumia Technologies by 148.4% during 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 period. CenterStar Asset Management LLC purchased a new position in Jumia Technologies during the 4th quarter valued at about $42,000. Ballentine Partners LLC purchased a new position in Jumia Technologies in the fourth quarter worth about $49,000. Wrapmanager Inc. bought a new position in shares of Jumia Technologies in the third quarter worth approximately $58,000. Finally, Octavia Wealth Advisors LLC bought a new position in shares of Jumia Technologies in the fourth quarter worth approximately $63,000. 16.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Royal Bank of Canada dropped 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 research note on Friday, February 21st.

Jumia Technologies Trading Up 5.3 %

Shares of Jumia Technologies stock opened at $2.47 on Tuesday. The company’s 50 day moving average is $3.41 and its 200 day moving average is $4.12. Jumia Technologies AG has a twelve month low of $2.21 and a twelve 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 quarterly earnings data on Thursday, February 20th. The company reported ($999.00) earnings per share for the quarter. The company had revenue of $45.69 million for the quarter. Jumia Technologies had a negative net margin of 59.16% and a negative return on equity of 174.93%.

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.