D-Market Elektronik Hizmetler ve Ticaret A.S. (NASDAQ:HEPS) Rating Lowered to Hold at HSBC

D-Market Elektronik Hizmetler ve Ticaret A.S. (NASDAQ:HEPS) was downgraded by equities researchers at HSBC from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday, Marketbeat Ratings reports. They presently have a $3.50 price objective on the stock. HSBC’s price objective suggests a potential upside of 14.38% from the company’s current price.

D-Market Elektronik Hizmetler ve Ticaret A.S. Stock Down 3.2 %

Shares of NASDAQ HEPS opened at $3.06 on Wednesday. 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 52 week low of $1.25 and a 52 week high of $4.05. The stock has a market capitalization of $861.03 million, a P/E ratio of -20.40 and a beta of 2.42. The stock’s fifty day moving average is $3.10 and its 200 day moving average is $2.92.

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) EPS 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%. Sell-side analysts forecast 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 have recently modified their holdings of the stock. Jane Street Group LLC boosted its stake in 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 valued at $110,000 after buying an additional 29,046 shares in the last quarter. GAMMA Investing LLC boosted its stake in D-Market Elektronik Hizmetler ve Ticaret A.S. by 18.0% in the fourth quarter. GAMMA Investing LLC now owns 27,250 shares of the company’s stock valued at $83,000 after buying an additional 4,152 shares in the last quarter. State Street Corp boosted its stake 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 buying an additional 47,639 shares in the last quarter. XTX Topco Ltd acquired a new stake in D-Market Elektronik Hizmetler ve Ticaret A.S. in the second quarter valued at about $58,000. Finally, Mackenzie Financial Corp acquired a new stake in D-Market Elektronik Hizmetler ve Ticaret A.S. in the second quarter valued at about $29,000. 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.