D-Market Elektronik Hizmetler ve Ticaret A.S. (NASDAQ:HEPS) Cut to Hold at Hsbc Global Res

Hsbc Global Res downgraded shares of D-Market Elektronik Hizmetler ve Ticaret A.S. (NASDAQ:HEPS) from a strong-buy rating to a hold rating in a research note published on Wednesday morning,Zacks.com reports.

Separately, HSBC cut shares of D-Market Elektronik Hizmetler ve Ticaret A.S. from a “buy” rating to a “hold” rating and set a $3.50 price objective for the company. in a research report on Wednesday.

D-Market Elektronik Hizmetler ve Ticaret A.S. Trading Up 2.0 %

Shares of NASDAQ:HEPS opened at $3.12 on Wednesday. The stock has a market cap of $877.91 million, a PE ratio of -20.80 and a beta of 2.42. The business has a 50 day moving average of $3.11 and a 200-day moving average of $2.92. The company has a quick ratio of 0.66, a current ratio of 1.02 and a debt-to-equity ratio of 0.18. D-Market Elektronik Hizmetler ve Ticaret A.S. has a 12-month low of $1.25 and a 12-month high of $4.05.

D-Market Elektronik Hizmetler ve Ticaret A.S. (NASDAQ:HEPS) last released its quarterly earnings results 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, equities research analysts forecast that D-Market Elektronik Hizmetler ve Ticaret A.S. will post -0.03 earnings per share for the current year.

Hedge Funds Weigh In On D-Market Elektronik Hizmetler ve Ticaret A.S.

A number of institutional investors have recently modified their holdings of the business. State Street Corp grew its position in 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 acquiring an additional 47,639 shares during the last quarter. ABS Direct Equity Fund LLC acquired a new position in D-Market Elektronik Hizmetler ve Ticaret A.S. during the 4th quarter worth approximately $545,000. JPMorgan Chase & Co. lifted its stake in 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 purchasing an additional 85,245 shares during the last quarter. Jane Street Group LLC grew 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 buying an additional 29,046 shares during the last quarter. Finally, Capricorn Fund Managers Ltd acquired a new position in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. during the third quarter worth $66,000. Institutional investors and hedge funds own 40.46% of the company’s stock.

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.