D-Market Elektronik Hizmetler ve Ticaret A.S. (NASDAQ:HEPS) Cut to Hold at 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 released on Wednesday, MarketBeat Ratings reports. HSBC currently has $3.50 price target on the stock.

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

HEPS opened at $3.12 on Wednesday. The company 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 quick ratio of 0.66, a current ratio of 1.02 and a debt-to-equity ratio of 0.18. The firm’s 50-day moving average price is $3.11 and its 200-day moving average price is $2.92. D-Market Elektronik Hizmetler ve Ticaret A.S. has a 52-week low of $1.25 and a 52-week high of $4.05.

D-Market Elektronik Hizmetler ve Ticaret A.S. (NASDAQ:HEPS) last issued its quarterly 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 net margin of 3.28% and a negative return on equity of 30.48%. As a group, equities analysts anticipate that D-Market Elektronik Hizmetler ve Ticaret A.S. will post -0.03 EPS for the current fiscal year.

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

Several large investors have recently added to or reduced their stakes in HEPS. State Street Corp lifted its holdings in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. by 7.3% during the third quarter. State Street Corp now owns 701,050 shares of the company’s stock worth $1,584,000 after purchasing an additional 47,639 shares during the period. ABS Direct Equity Fund LLC acquired a new stake in D-Market Elektronik Hizmetler ve Ticaret A.S. during the 4th quarter valued at approximately $545,000. JPMorgan Chase & Co. boosted its holdings in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. by 809.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 95,780 shares of the company’s stock valued at $216,000 after acquiring an additional 85,245 shares during the last quarter. Jane Street Group LLC increased 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 worth $110,000 after acquiring an additional 29,046 shares during the period. Finally, Capricorn Fund Managers Ltd purchased a new position in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. during the third quarter worth $66,000. Hedge funds and other institutional investors 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.