D-Market Elektronik Hizmetler ve Ticaret A.S. (NASDAQ:HEPS) Rating Lowered to “Hold” at HSBC

HSBC cut shares of D-Market Elektronik Hizmetler ve Ticaret A.S. (NASDAQ:HEPS) from a buy rating to a hold rating in a report released on Wednesday morning, Marketbeat reports. The firm currently has $3.50 price objective on the stock.

D-Market Elektronik Hizmetler ve Ticaret A.S. Stock Performance

HEPS opened at $3.12 on Wednesday. The firm has a fifty day moving average price of $3.11 and a 200 day moving average price of $2.92. D-Market Elektronik Hizmetler ve Ticaret A.S. has a 1 year low of $1.25 and a 1 year high of $4.05. The stock has a market cap of $877.91 million, a P/E ratio of -20.80 and a beta of 2.42. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.02 and a quick ratio of 0.66.

D-Market Elektronik Hizmetler ve Ticaret A.S. (NASDAQ:HEPS) last posted its earnings results on Tuesday, December 10th. The company reported ($0.03) earnings per share (EPS) for the quarter. D-Market Elektronik Hizmetler ve Ticaret A.S. had a negative return on equity of 30.48% and a negative net margin of 3.28%. Equities research analysts anticipate that D-Market Elektronik Hizmetler ve Ticaret A.S. will post -0.03 earnings per share for the current year.

Institutional Trading of D-Market Elektronik Hizmetler ve Ticaret A.S.

A number of institutional investors and hedge funds have recently made changes to their positions in HEPS. ABS Direct Equity Fund LLC acquired a new stake in D-Market Elektronik Hizmetler ve Ticaret A.S. in the 4th quarter valued at $545,000. JPMorgan Chase & Co. lifted its holdings in D-Market Elektronik Hizmetler ve Ticaret A.S. by 809.2% during the third quarter. JPMorgan Chase & Co. now owns 95,780 shares of the company’s stock valued at $216,000 after purchasing an additional 85,245 shares in the last quarter. State Street Corp grew its position in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. by 7.3% in the third quarter. State Street Corp now owns 701,050 shares of the company’s stock valued at $1,584,000 after purchasing an additional 47,639 shares during the period. Capricorn Fund Managers Ltd purchased a new stake in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. during the third quarter worth about $66,000. Finally, Jane Street Group LLC increased its stake in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. by 148.7% during the third quarter. Jane Street Group LLC now owns 48,583 shares of the company’s stock worth $110,000 after purchasing an additional 29,046 shares in the last quarter. 40.46% of the stock is currently owned by hedge funds and other institutional investors.

D-Market Elektronik Hizmetler ve Ticaret A.S. Company Profile

D-Market Elektronik Hizmetler ve Ticaret A.S. operates e-commerce platforms in Turkey. The company operates www.hepsiburada.com, a retail website that provides its retail customers a range of merchandise, including electronics and non-electronics products, such as books, sports, toys, kids and baby products, cosmetics, furniture, etc.