Centiva Capital LP Increases Stake in Jumia Technologies AG (NYSE:JMIA)

Centiva Capital LP raised its holdings in shares of Jumia Technologies AG (NYSE:JMIA) by 438.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 87,477 shares of the company’s stock after acquiring an additional 71,223 shares during the period. Centiva Capital LP’s holdings in Jumia Technologies were worth $334,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Signaturefd LLC increased its stake in shares of Jumia Technologies by 98.9% in the fourth quarter. Signaturefd LLC now owns 6,809 shares of the company’s stock worth $26,000 after purchasing an additional 3,385 shares in the last quarter. Blue Trust Inc. increased its stake in shares of Jumia Technologies by 148.4% in the fourth quarter. Blue Trust Inc. now owns 7,072 shares of the company’s stock worth $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 in the fourth quarter worth $38,000. CenterStar Asset Management LLC purchased a new stake in shares of Jumia Technologies in the fourth quarter worth $42,000. Finally, Ballentine Partners LLC purchased a new stake in shares of Jumia Technologies in the fourth quarter worth $49,000. 16.50% of the stock is owned by hedge funds and other institutional investors.

Jumia Technologies Trading Up 15.0%

Shares of NYSE:JMIA opened at $3.30 on Monday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.73 and a current ratio of 1.80. The firm has a fifty day moving average price of $2.28 and a 200 day moving average price of $3.36. Jumia Technologies AG has a fifty-two week low of $1.60 and a fifty-two week high of $15.04.

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

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada reduced their price objective on shares of 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.

Jumia Technologies Company 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.