D-MARKET Electronic Services & Trading (NASDAQ:HEPS) Upgraded to “Hold” at Wall Street Zen

D-MARKET Electronic Services & Trading (NASDAQ:HEPS) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

A number of other equities analysts have also recently commented on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of D-MARKET Electronic Services & Trading in a research report on Wednesday, January 21st. JPMorgan Chase & Co. restated a “neutral” rating and set a $3.07 target price (down from $4.85) on shares of D-MARKET Electronic Services & Trading in a report on Tuesday, November 18th. Finally, Zacks Research upgraded D-MARKET Electronic Services & Trading to a “hold” rating in a research report on Thursday, November 20th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $3.07.

D-MARKET Electronic Services & Trading Stock Down 3.6%

Shares of NASDAQ HEPS opened at $2.65 on Friday. The stock has a market capitalization of $946.66 million, a P/E ratio of -6.16 and a beta of 2.30. D-MARKET Electronic Services & Trading has a one year low of $2.15 and a one year high of $3.46. The firm’s 50 day simple moving average is $2.68 and its two-hundred day simple moving average is $2.64. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.85 and a quick ratio of 0.53.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Rhumbline Advisers raised its stake in D-MARKET Electronic Services & Trading by 26.8% in the first quarter. Rhumbline Advisers now owns 19,296 shares of the company’s stock worth $55,000 after buying an additional 4,081 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of D-MARKET Electronic Services & Trading by 32.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 80,338 shares of the company’s stock worth $217,000 after acquiring an additional 19,841 shares during the period. Graham Capital Management L.P. purchased a new position in shares of D-MARKET Electronic Services & Trading during the 4th quarter worth approximately $55,000. BNP Paribas Financial Markets raised its position in shares of D-MARKET Electronic Services & Trading by 2.4% in the 2nd quarter. BNP Paribas Financial Markets now owns 965,408 shares of the company’s stock worth $2,607,000 after acquiring an additional 22,445 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of D-MARKET Electronic Services & Trading by 19.2% in the 4th quarter. Geode Capital Management LLC now owns 155,287 shares of the company’s stock valued at $385,000 after purchasing an additional 25,032 shares during the period. 40.46% of the stock is owned by hedge funds and other institutional investors.

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.