Graham Capital Management L.P. Has $802,000 Position in Jumia Technologies AG (NYSE:JMIA)

Graham Capital Management L.P. boosted its position in shares of Jumia Technologies AG (NYSE:JMIA) by 61.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 210,024 shares of the company’s stock after purchasing an additional 80,115 shares during the quarter. Graham Capital Management L.P.’s holdings in Jumia Technologies were worth $802,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Ameriprise Financial Inc. grew its holdings in Jumia Technologies by 11.0% during the fourth quarter. Ameriprise Financial Inc. now owns 24,717 shares of the company’s stock valued at $94,000 after purchasing an additional 2,455 shares during the period. Quadrant Capital Group LLC grew its holdings in Jumia Technologies by 24.0% during the fourth quarter. Quadrant Capital Group LLC now owns 14,487 shares of the company’s stock valued at $55,000 after purchasing an additional 2,804 shares during the period. Signaturefd LLC grew its holdings in Jumia Technologies by 98.9% during the fourth quarter. Signaturefd LLC now owns 6,809 shares of the company’s stock valued at $26,000 after purchasing an additional 3,385 shares during the period. Blue Trust Inc. grew its holdings in Jumia Technologies by 148.4% during the fourth quarter. Blue Trust Inc. now owns 7,072 shares of the company’s stock valued at $27,000 after purchasing an additional 4,225 shares during the period. Finally, Daiwa Securities Group Inc. grew its holdings in Jumia Technologies by 118.8% during the fourth quarter. Daiwa Securities Group Inc. now owns 14,145 shares of the company’s stock valued at $54,000 after purchasing an additional 7,679 shares during the period. Institutional investors and hedge funds own 16.50% of the company’s stock.

Jumia Technologies Trading Down 2.8%

Jumia Technologies stock opened at $3.45 on Wednesday. Jumia Technologies AG has a twelve month low of $1.60 and a twelve month high of $15.04. The company has a current ratio of 1.80, a quick ratio of 1.73 and a debt-to-equity ratio of 0.07. The company has a 50 day moving average of $2.33 and a 200-day moving average of $3.36.

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

Wall Street Analyst Weigh In

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