16,395 Shares in Jumia Technologies AG (NYSE:JMIA) Bought by Octavia Wealth Advisors LLC

Octavia Wealth Advisors LLC purchased a new stake in shares of Jumia Technologies AG (NYSE:JMIA) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,395 shares of the company’s stock, valued at approximately $63,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Boston Standard Wealth Management LLC lifted its stake in shares of Jumia Technologies by 88.1% in the third quarter. Boston Standard Wealth Management LLC now owns 20,201 shares of the company’s stock valued at $108,000 after buying an additional 9,459 shares during the period. State Street Corp lifted its position in shares of Jumia Technologies by 1.4% in the 3rd quarter. State Street Corp now owns 709,752 shares of the company’s stock worth $3,790,000 after acquiring an additional 9,567 shares during the period. Crumly & Associates Inc. bought a new stake in shares of Jumia Technologies in the 3rd quarter worth approximately $55,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Jumia Technologies during the 2nd quarter worth approximately $74,000. Finally, Wrapmanager Inc. bought a new stake in shares of Jumia Technologies during the third quarter valued at approximately $58,000. 16.50% of the stock is owned by institutional investors and hedge funds.

Jumia Technologies Trading Up 0.7 %

Shares of Jumia Technologies stock opened at $3.85 on Thursday. Jumia Technologies AG has a 12-month low of $2.89 and a 12-month high of $15.04. The company has a 50-day simple moving average of $4.02 and a 200 day simple moving average of $5.64. The company has a current ratio of 1.80, a quick ratio of 1.73 and a debt-to-equity ratio of 0.07.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada initiated coverage on shares of Jumia Technologies in a research note on Wednesday, November 13th. They set a “sector perform” rating and a $5.00 price target on the stock.

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.