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

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 report released 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 target for the company. in a research report on Wednesday.

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

HEPS stock opened at $3.12 on Wednesday. The company has a market capitalization of $877.91 million, a PE ratio of -20.80 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. 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 company’s 50 day moving average price is $3.11 and its two-hundred day moving average price is $2.92.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. ABS Direct Equity Fund LLC bought a new stake in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. during the 4th quarter valued at about $545,000. JPMorgan Chase & Co. boosted its position in D-Market Elektronik Hizmetler ve Ticaret A.S. by 809.2% during 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 in the last quarter. State Street Corp grew its holdings in shares of 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 worth $1,584,000 after acquiring an additional 47,639 shares during the period. Capricorn Fund Managers Ltd bought a new position in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. in the 3rd quarter worth approximately $66,000. Finally, Jane Street Group LLC lifted its stake in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. by 148.7% in the 3rd 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. Institutional investors 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.