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Fund 1 Investments Cuts Jumia Stake as Other Funds Increase Holdings

Jumia logoJumia
Sig1.45Sen+0.90Env0.00Soc0.00Gov0.00

Fund 1 Investments LLC reduced its Jumia Technologies stake by selling 3,062,623 shares, leaving 9,262,377 shares worth about $65.3M, or roughly 7.48% based on its latest SEC filing. Revisor Wealth Management and RFG Advisory increased their holdings with additional purchases. Royal Bank of Canada lowered its price target to $13 while keeping an outperform rating.

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