GAMMA Investing LLC Trims Stock Holdings in D-MARKET Electronic Services & Trading Unsponsored ADR $HEPS

GAMMA Investing LLC decreased its position in D-MARKET Electronic Services & Trading Unsponsored ADR (NASDAQ:HEPS) by 16.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,315 shares of the company’s stock after selling 4,016 shares during the quarter. GAMMA Investing LLC’s holdings in D-MARKET Electronic Services & Trading were worth $55,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. VR Advisory Services Ltd increased its position in D-MARKET Electronic Services & Trading by 352.0% in the first quarter. VR Advisory Services Ltd now owns 12,413,583 shares of the company’s stock worth $35,379,000 after buying an additional 9,667,225 shares in the last quarter. Brightlight Capital Management LP increased its stake in D-MARKET Electronic Services & Trading by 25.6% in the 1st quarter. Brightlight Capital Management LP now owns 6,022,840 shares of the company’s stock worth $17,165,000 after acquiring an additional 1,226,444 shares during the last quarter. BIT Capital GmbH raised its stake in D-MARKET Electronic Services & Trading by 4.6% during the first quarter. BIT Capital GmbH now owns 1,569,011 shares of the company’s stock valued at $4,472,000 after purchasing an additional 69,516 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new stake in D-MARKET Electronic Services & Trading during the first quarter valued at $530,000. Finally, ABS Direct Equity Fund LLC lifted its stake in shares of D-MARKET Electronic Services & Trading by 2.9% in the 1st quarter. ABS Direct Equity Fund LLC now owns 185,300 shares of the company’s stock valued at $528,000 after purchasing an additional 5,300 shares during the last quarter. Institutional investors own 40.46% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on HEPS. Wall Street Zen raised D-MARKET Electronic Services & Trading from a “strong sell” rating to a “hold” rating in a research note on Sunday, August 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of D-MARKET Electronic Services & Trading in a research report on Saturday, September 27th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $3.50.

D-MARKET Electronic Services & Trading Price Performance

HEPS stock opened at $2.74 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.92 and a quick ratio of 0.62. The business has a 50 day simple moving average of $2.81 and a 200-day simple moving average of $2.76. The firm has a market capitalization of $880.58 million, a PE ratio of -15.22 and a beta of 2.31. D-MARKET Electronic Services & Trading Unsponsored ADR has a 1 year low of $2.13 and a 1 year high of $4.05.

D-MARKET Electronic Services & Trading (NASDAQ:HEPS) last posted its quarterly earnings results on Thursday, July 31st. The company reported ($0.06) earnings per share (EPS) for the quarter. The company had revenue of $431.50 million during the quarter. D-MARKET Electronic Services & Trading had a negative net margin of 4.22% and a negative return on equity of 62.27%. Equities research analysts anticipate that D-MARKET Electronic Services & Trading Unsponsored ADR will post -0.03 earnings per share for the current fiscal year.

D-MARKET Electronic Services & Trading 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.