BNP Paribas Financial Markets Sells 2,031,758 Shares of Jumia Technologies AG (NYSE:JMIA)

BNP Paribas Financial Markets lessened its stake in Jumia Technologies AG (NYSE:JMIA) by 84.2% during the fourth quarter, Holdings Channel reports. The firm owned 381,816 shares of the company’s stock after selling 2,031,758 shares during the period. BNP Paribas Financial Markets’ holdings in Jumia Technologies were worth $1,459,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its holdings in Jumia Technologies by 120,393.4% during the third quarter. JPMorgan Chase & Co. now owns 730,190 shares of the company’s stock worth $3,899,000 after acquiring an additional 729,584 shares during the period. SBI Securities Co. Ltd. purchased a new position in Jumia Technologies during the fourth quarter worth about $1,171,000. Raymond James Financial Inc. purchased a new position in Jumia Technologies during the fourth quarter worth about $219,000. Ballentine Partners LLC purchased a new position in Jumia Technologies during the fourth quarter worth about $49,000. Finally, Marshall Wace LLP boosted its holdings in shares of Jumia Technologies by 180.5% in the 4th quarter. Marshall Wace LLP now owns 1,023,405 shares of the company’s stock worth $3,909,000 after purchasing an additional 658,618 shares in the last quarter. Institutional investors own 16.50% of the company’s stock.

Analysts Set New Price Targets

Separately, Royal Bank of Canada cut their price objective 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 Trading Up 4.7%

Shares of NYSE:JMIA opened at $3.21 on Monday. Jumia Technologies AG has a 52-week low of $1.60 and a 52-week high of $15.04. The stock has a 50 day moving average price of $2.38 and a 200-day moving average price of $3.31. 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) last posted its quarterly earnings results on Thursday, February 20th. The company reported ($999.00) earnings per share for the quarter. Jumia Technologies had a negative return on equity of 174.93% and a negative net margin of 59.16%. The company had revenue of $45.69 million during the quarter.

About Jumia Technologies

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.