Amundi Pioneer Asset Management Inc. grew its position in shares of Jumia Technologies AG (NYSE:JMIA) by 39.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,997 shares of the company’s stock after purchasing an additional 8,997 shares during the period. Amundi Pioneer Asset Management Inc.’s holdings in Jumia Technologies were worth $1,291,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Bessemer Group Inc. acquired a new stake in shares of Jumia Technologies during the fourth quarter worth approximately $26,000. Signaturefd LLC grew its position in shares of Jumia Technologies by 263.3% during the fourth quarter. Signaturefd LLC now owns 643 shares of the company’s stock worth $26,000 after buying an additional 466 shares in the last quarter. Evolution Wealth Advisors LLC acquired a new stake in shares of Jumia Technologies during the fourth quarter worth approximately $40,000. Albion Financial Group UT acquired a new stake in shares of Jumia Technologies during the fourth quarter worth approximately $40,000. Finally, Parallel Advisors LLC acquired a new stake in shares of Jumia Technologies during the fourth quarter worth approximately $53,000. 30.27% of the stock is owned by institutional investors and hedge funds.

A number of analysts have recently weighed in on the stock. Morgan Stanley raised their price target on shares of Jumia Technologies from $11.50 to $32.00 and gave the stock an “equal weight” rating in a research report on Friday, January 15th. Zacks Investment Research downgraded shares of Jumia Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, February 9th.

Jumia Technologies stock opened at $28.32 on Wednesday. The company has a market cap of $2.79 billion, a PE ratio of -8.30 and a beta of 4.21. The company has a fifty day moving average price of $38.98 and a two-hundred day moving average price of $36.29. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.63 and a quick ratio of 1.56. Jumia Technologies AG has a 12 month low of $3.50 and a 12 month high of $69.89.

Jumia Technologies (NYSE:JMIA) last released its quarterly earnings data on Friday, March 12th. The company reported ($0.67) EPS for the quarter. The business had revenue of $49.78 million during the quarter, compared to analyst estimates of $49.45 million. Jumia Technologies had a negative return on equity of 135.39% and a negative net margin of 120.62%. Equities research analysts anticipate that Jumia Technologies AG will post -2.13 earnings per share for the current year.

Jumia Technologies Profile

Jumia Technologies AG operates an e-commerce platform in Africa, Portugal, Germany, and the United Arab Emirates. The company's platform consists of marketplace that connects sellers with consumers; logistics service that 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.

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Institutional Ownership by Quarter for Jumia Technologies (NYSE:JMIA)

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