Harbour Capital Advisors LLC Invests $527,000 in Jumia Technologies AG (NYSE:JMIA)

Harbour Capital Advisors LLC acquired a new stake in shares of Jumia Technologies AG (NYSE:JMIA) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 133,350 shares of the company’s stock, valued at approximately $527,000. Harbour Capital Advisors LLC owned approximately 0.13% of Jumia Technologies at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. XTX Topco Ltd purchased a new position in Jumia Technologies in the second quarter worth $359,000. Hood River Capital Management LLC purchased a new position in Jumia Technologies during the 2nd quarter worth $93,000. Millennium Management LLC increased 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 buying an additional 297,333 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new position in Jumia Technologies during the 2nd quarter valued at about $74,000. Finally, Boston Standard Wealth Management LLC raised its stake in 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 last quarter. Hedge funds and other institutional investors own 16.50% of the company’s stock.

Jumia Technologies Stock Down 2.9 %

NYSE:JMIA opened at $3.72 on Tuesday. The company has a current ratio of 1.80, a quick ratio of 1.73 and a debt-to-equity ratio of 0.07. Jumia Technologies AG has a 12 month low of $2.88 and a 12 month high of $15.04. The firm has a fifty day simple moving average of $4.08 and a 200-day simple moving average of $5.80.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada started coverage on 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.