one8zero8 LLC Buys Shares of 138,800 Jumia Technologies $JMIA

one8zero8 LLC purchased a new position in shares of Jumia Technologies (NYSE:JMIA) in the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 138,800 shares of the company’s stock, valued at approximately $1,611,000.

Other large investors also recently added to or reduced their stakes in the company. Global Retirement Partners LLC boosted its position in Jumia Technologies by 111.1% during the third quarter. Global Retirement Partners LLC now owns 3,800 shares of the company’s stock worth $44,000 after purchasing an additional 2,000 shares during the period. GAMMA Investing LLC boosted its holdings in Jumia Technologies by 80.9% in the 2nd quarter. GAMMA Investing LLC now owns 7,795 shares of the company’s stock worth $31,000 after buying an additional 3,485 shares during the period. Lido Advisors LLC purchased a new position in Jumia Technologies in the 2nd quarter valued at approximately $41,000. Jump Financial LLC bought a new stake in Jumia Technologies during the 2nd quarter valued at $49,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of Jumia Technologies during the second quarter worth $50,000. Hedge funds and other institutional investors own 16.50% of the company’s stock.

Jumia Technologies Trading Up 1.4%

NYSE:JMIA opened at $12.87 on Thursday. Jumia Technologies has a 52-week low of $1.60 and a 52-week high of $14.72. The stock has a fifty day moving average of $12.49 and a 200 day moving average of $10.27. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.20 and a quick ratio of 1.12.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on JMIA. Craig Hallum initiated coverage on Jumia Technologies in a research report on Tuesday, December 16th. They issued a “buy” rating and a $18.00 price target for the company. Benchmark began coverage on Jumia Technologies in a research note on Tuesday, November 25th. They issued a “buy” rating and a $18.00 target price for the company. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Jumia Technologies in a research report on Thursday, January 22nd. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.00.

Jumia Technologies Company Profile

Jumia Technologies AG (NYSE: JMIA) operates as a leading e-commerce and technology platform in Africa, facilitating online retail, logistics and digital payments. The company’s marketplace connects millions of consumers with a diverse array of sellers offering electronics, fashion, home goods, groceries and more. Beyond its core retail services, Jumia has developed JumiaPay, a payment solution that enables secure transactions both on and off its platform, and Jumia Logistics, which provides end-to-end delivery and fulfillment support across the continent.

Jumia serves a broad geographic footprint in Africa, with operations in key markets such as Nigeria, Egypt, Kenya, Morocco, Ghana, Côte d’Ivoire, Uganda, Tunisia and South Africa.