RWC Asset Management LLP Purchases 1,033,457 Shares of Jumia Technologies AG (NYSE:JMIA)

RWC Asset Management LLP lifted its holdings in Jumia Technologies AG (NYSE:JMIA) by 235.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,473,192 shares of the company’s stock after acquiring an additional 1,033,457 shares during the quarter. RWC Asset Management LLP’s holdings in Jumia Technologies were worth $5,628,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Blue Trust Inc. grew its stake in shares of Jumia Technologies by 148.4% during the fourth quarter. Blue Trust Inc. now owns 7,072 shares of the company’s stock worth $27,000 after acquiring an additional 4,225 shares during the last quarter. Crumly & Associates Inc. acquired a new position in Jumia Technologies during the third quarter valued at $55,000. Wrapmanager Inc. purchased a new position in Jumia Technologies during the third quarter valued at approximately $58,000. CenterStar Asset Management LLC acquired a new position in shares of Jumia Technologies in the 4th quarter valued at $42,000. Finally, Ballentine Partners LLC purchased a new stake in shares of Jumia Technologies during the 4th quarter worth about $49,000. 16.50% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Jumia Technologies Price Performance

JMIA opened at $2.76 on Monday. The business has a fifty day moving average price of $3.94 and a 200 day moving average price of $4.41. 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 AG has a 12 month low of $2.69 and a 12 month high of $15.04.

Jumia Technologies (NYSE:JMIA) last announced its quarterly 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 company had revenue of $45.69 million during the quarter.

Jumia Technologies Profile

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.