Mitsubishi UFJ Asset Management Co. Ltd. Boosts Stake in Jumia Technologies AG (NYSE:JMIA)

Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Jumia Technologies AG (NYSE:JMIA) by 192.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,243 shares of the company’s stock after purchasing an additional 34,355 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.05% of Jumia Technologies worth $206,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Virtu Financial LLC raised its stake in shares of Jumia Technologies by 42.8% in the 4th quarter. Virtu Financial LLC now owns 92,897 shares of the company’s stock valued at $355,000 after acquiring an additional 27,828 shares during the period. Signaturefd LLC increased its holdings in Jumia Technologies by 98.9% in the 4th quarter. Signaturefd LLC now owns 6,809 shares of the company’s stock valued at $26,000 after purchasing an additional 3,385 shares in the last quarter. Commonwealth Equity Services LLC raised its position in Jumia Technologies by 26.5% in the fourth quarter. Commonwealth Equity Services LLC now owns 36,799 shares of the company’s stock valued at $141,000 after purchasing an additional 7,700 shares during the period. Daiwa Securities Group Inc. lifted its stake in shares of Jumia Technologies by 118.8% during the fourth quarter. Daiwa Securities Group Inc. now owns 14,145 shares of the company’s stock worth $54,000 after purchasing an additional 7,679 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Jumia Technologies in the fourth quarter worth about $219,000. 16.50% of the stock is currently owned by hedge funds and other institutional investors.

Jumia Technologies Price Performance

JMIA opened at $1.98 on Friday. Jumia Technologies AG has a twelve month low of $1.93 and a twelve month high of $15.04. The company has a quick ratio of 1.73, a current ratio of 1.80 and a debt-to-equity ratio of 0.07. The company has a fifty day simple moving average of $3.02 and a 200 day simple moving average of $3.92.

Jumia Technologies (NYSE:JMIA) last announced its earnings results on Thursday, February 20th. The company reported ($999.00) earnings per share (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%.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada reduced their price target on Jumia Technologies from $5.00 to $4.75 and set a “sector perform” rating on the stock in a research report 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.