D. E. Shaw & Co. Inc. Sells 1,460,651 Shares of Jumia Technologies AG (NYSE:JMIA)

D. E. Shaw & Co. Inc. cut its position in Jumia Technologies AG (NYSE:JMIA) by 25.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,266,821 shares of the company’s stock after selling 1,460,651 shares during the period. D. E. Shaw & Co. Inc.’s holdings in Jumia Technologies were worth $16,299,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in JMIA. Signaturefd LLC lifted its position 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 acquiring an additional 3,385 shares in the last quarter. Blue Trust Inc. lifted its holdings 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 valued at $27,000 after purchasing an additional 4,225 shares in the last quarter. Scotia Capital Inc. purchased a new stake in shares of Jumia Technologies during the fourth quarter valued at $38,000. CenterStar Asset Management LLC bought a new stake in Jumia Technologies in the 4th quarter worth about $42,000. Finally, Ballentine Partners LLC bought a new stake in Jumia Technologies in the 4th quarter worth about $49,000. Institutional investors own 16.50% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Jumia Technologies Trading Up 7.7%

NYSE:JMIA opened at $3.56 on Tuesday. 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 50 day simple moving average of $2.30 and a two-hundred day simple moving average of $3.36. Jumia Technologies AG has a 12 month low of $1.60 and a 12 month high of $15.04.

Jumia Technologies (NYSE:JMIA) last released its quarterly earnings results on Thursday, May 8th. The company reported ($999.00) earnings per share (EPS) for the quarter. Jumia Technologies had a negative return on equity of 174.93% and a negative net margin of 59.16%.

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.