D-MARKET Electronic Services & Trading (NASDAQ:HEPS) Shares Down 1.4% – Here’s Why

D-MARKET Electronic Services & Trading Unsponsored ADR (NASDAQ:HEPS)’s stock price dropped 1.4% during mid-day trading on Thursday . The company traded as low as $2.78 and last traded at $2.80. Approximately 119,141 shares traded hands during trading, a decline of 51% from the average daily volume of 245,350 shares. The stock had previously closed at $2.84.

Analyst Ratings Changes

HEPS has been the subject of a number of research analyst reports. Wall Street Zen upgraded D-MARKET Electronic Services & Trading from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. Weiss Ratings restated a “sell (d-)” rating on shares of D-MARKET Electronic Services & Trading in a report on Wednesday, January 21st. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $3.07.

D-MARKET Electronic Services & Trading Trading Down 1.4%

The company has a market cap of $1.00 billion, a P/E ratio of -6.51 and a beta of 2.24. The business has a fifty day moving average price of $2.73 and a 200-day moving average price of $2.62. The company has a quick ratio of 0.63, a current ratio of 0.89 and a debt-to-equity ratio of 0.39.

Institutional Investors Weigh In On D-MARKET Electronic Services & Trading

A number of hedge funds and other institutional investors have recently made changes to their positions in HEPS. VR Advisory Services Ltd raised its position in shares of D-MARKET Electronic Services & Trading by 14.4% in the third quarter. VR Advisory Services Ltd now owns 15,941,737 shares of the company’s stock valued at $42,883,000 after buying an additional 2,007,252 shares in the last quarter. State Street Corp raised its position in shares of D-MARKET Electronic Services & Trading by 190.4% in the fourth quarter. State Street Corp now owns 2,379,825 shares of the company’s stock valued at $5,902,000 after buying an additional 1,560,395 shares in the last quarter. Luxor Capital Group LP raised its position in shares of D-MARKET Electronic Services & Trading by 8.7% in the third quarter. Luxor Capital Group LP now owns 3,912,903 shares of the company’s stock valued at $10,526,000 after buying an additional 314,719 shares in the last quarter. GAM Holding AG acquired a new stake in shares of D-MARKET Electronic Services & Trading in the third quarter valued at approximately $807,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of D-MARKET Electronic Services & Trading in the third quarter valued at approximately $638,000. 40.46% of the stock is currently owned by institutional investors and hedge funds.

About D-MARKET Electronic Services & Trading

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. It also offers Hepsiburada Market, an app-in-app initiative and on-demand delivery service that delivers groceries and water; HepsiJet that provides last-mile delivery services; HepsiLojistik, which offers storage and fulfillment services; HepsiMat, an offline network of pick-up and drop-off point; HepsiAd that provides advertising service; HepsiGlobal for discovering and purchasing products from international merchants online; Hepsipay, which offers an e-money and payment services; and Hepsiburada Seyahat for buying airline tickets online.