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

HSBC downgraded shares of D-Market Elektronik Hizmetler ve Ticaret A.S. (NASDAQ:HEPS) from a buy rating to a hold rating in a research note issued to investors on Wednesday morning, MarketBeat reports. HSBC currently has $3.50 price target on the stock.

D-Market Elektronik Hizmetler ve Ticaret A.S. Stock Down 1.6 %

HEPS stock opened at $3.16 on Wednesday. D-Market Elektronik Hizmetler ve Ticaret A.S. has a one year low of $1.25 and a one year high of $4.05. The stock has a market capitalization of $889.16 million, a PE ratio of -21.07 and a beta of 2.42. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.66 and a current ratio of 1.02. The company has a fifty day moving average of $3.10 and a 200-day moving average of $2.92.

D-Market Elektronik Hizmetler ve Ticaret A.S. (NASDAQ:HEPS) last announced its quarterly earnings data on Tuesday, December 10th. The company reported ($0.03) EPS for the quarter. D-Market Elektronik Hizmetler ve Ticaret A.S. had a negative net margin of 3.28% and a negative return on equity of 30.48%. As a group, analysts expect that D-Market Elektronik Hizmetler ve Ticaret A.S. will post -0.03 EPS for the current year.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. ABS Direct Equity Fund LLC acquired a new stake in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. in the fourth quarter valued at about $545,000. GAMMA Investing LLC lifted its stake in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. by 18.0% in the fourth quarter. GAMMA Investing LLC now owns 27,250 shares of the company’s stock valued at $83,000 after purchasing an additional 4,152 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. by 809.2% in 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 during the period. Jane Street Group LLC lifted its stake in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. by 148.7% in the third quarter. Jane Street Group LLC now owns 48,583 shares of the company’s stock valued at $110,000 after purchasing an additional 29,046 shares during the period. Finally, State Street Corp increased its holdings in D-Market Elektronik Hizmetler ve Ticaret A.S. by 7.3% during the 3rd quarter. State Street Corp now owns 701,050 shares of the company’s stock valued at $1,584,000 after acquiring an additional 47,639 shares in the last quarter. Institutional investors and hedge funds own 40.46% of the company’s stock.

About D-Market Elektronik Hizmetler ve Ticaret A.S.

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.