Jumia Technologies AG (NYSE:JMIA) Shares Sold by EntryPoint Capital LLC

EntryPoint Capital LLC lowered its stake in shares of Jumia Technologies AG (NYSE:JMIA) by 23.0% in the fourth quarter, HoldingsChannel reports. The fund owned 30,653 shares of the company’s stock after selling 9,172 shares during the quarter. EntryPoint Capital LLC’s holdings in Jumia Technologies were worth $117,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of JMIA. JPMorgan Chase & Co. increased its position 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 purchasing an additional 729,584 shares during the last quarter. Dorsey Wright & Associates purchased a new stake in shares of Jumia Technologies during the 3rd quarter valued at $1,228,000. BNP Paribas Financial Markets increased its holdings in shares of Jumia Technologies by 802.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,413,574 shares of the company’s stock worth $12,888,000 after buying an additional 2,146,114 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Jumia Technologies in the 4th quarter worth $1,171,000. Finally, Ballentine Partners LLC acquired a new position in Jumia Technologies in the fourth quarter valued at $49,000. 16.50% of the stock is currently owned by hedge funds and other institutional investors.

Jumia Technologies Stock Down 4.1 %

Shares of JMIA stock opened at $2.25 on Monday. The company has a quick ratio of 1.73, a current ratio of 1.80 and a debt-to-equity ratio of 0.07. Jumia Technologies AG has a fifty-two week low of $2.21 and a fifty-two week high of $15.04. The firm’s 50 day moving average price is $3.16 and its two-hundred day moving average price is $3.98.

Jumia Technologies (NYSE:JMIA) last posted its earnings results on Thursday, February 20th. The company reported ($999.00) earnings per share for the quarter. Jumia Technologies had a negative net margin of 59.16% and a negative return on equity of 174.93%. The business had revenue of $45.69 million for the quarter.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada dropped their price target on Jumia Technologies from $5.00 to $4.75 and set a “sector perform” rating for the company in a research note on Friday, February 21st.

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.