Wall Street Zen cut shares of D-MARKET Electronic Services & Trading (NASDAQ:HEPS – Free Report) from a hold rating to a sell rating in a research report released on Saturday.
Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of D-MARKET Electronic Services & Trading in a research report on Tuesday, August 11th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, D-MARKET Electronic Services & Trading has a consensus rating of “Reduce” and a consensus target price of $3.07.
Read Our Latest Analysis on HEPS
D-MARKET Electronic Services & Trading Stock Performance
D-MARKET Electronic Services & Trading (NASDAQ:HEPS – Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported ($0.11) EPS for the quarter. The firm had revenue of $483.32 million for the quarter. D-MARKET Electronic Services & Trading had a negative return on equity of 776.28% and a negative net margin of 7.78%.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of HEPS. VR Advisory Services Ltd lifted its stake in D-MARKET Electronic Services & Trading by 3.3% in the 4th quarter. VR Advisory Services Ltd now owns 16,472,821 shares of the company’s stock valued at $40,853,000 after buying an additional 531,084 shares in the last quarter. Millennium Management LLC purchased a new position in D-MARKET Electronic Services & Trading during the fourth quarter worth $187,000. GAM Holding AG increased its position in D-MARKET Electronic Services & Trading by 50.0% during the fourth quarter. GAM Holding AG now owns 450,000 shares of the company’s stock worth $1,116,000 after buying an additional 150,000 shares in the last quarter. Graham Capital Management L.P. acquired a new position in shares of D-MARKET Electronic Services & Trading in the fourth quarter worth $55,000. Finally, State Street Corp raised its holdings 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 worth $5,902,000 after acquiring an additional 1,560,395 shares during the last quarter. 40.46% of the stock is currently owned by institutional investors and hedge funds.
D-MARKET Electronic Services & Trading 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. 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.
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