Octavia Wealth Advisors LLC Invests $63,000 in Jumia Technologies AG (NYSE:JMIA)

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

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. BNP Paribas Financial Markets increased its stake in shares of Jumia Technologies by 802.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,413,574 shares of the company’s stock valued at $12,888,000 after buying an additional 2,146,114 shares during the period. JPMorgan Chase & Co. raised its holdings in Jumia Technologies by 120,393.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 730,190 shares of the company’s stock worth $3,899,000 after purchasing an additional 729,584 shares during the last quarter. Millennium Management LLC lifted its position in Jumia Technologies by 393.4% during the 2nd quarter. Millennium Management LLC now owns 372,920 shares of the company’s stock valued at $2,618,000 after purchasing an additional 297,333 shares during the period. Dorsey Wright & Associates bought a new position in shares of Jumia Technologies in the 3rd quarter valued at about $1,228,000. Finally, Harbour Capital Advisors LLC acquired a new stake in shares of Jumia Technologies during the 4th quarter worth approximately $527,000. Institutional investors and hedge funds own 16.50% of the company’s stock.

Jumia Technologies Trading Up 0.7 %

NYSE JMIA 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 stock 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.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada began coverage on shares of Jumia Technologies in a report on Wednesday, November 13th. They issued a “sector perform” rating and a $5.00 price objective 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.