GSA Capital Partners LLP Acquires New Holdings in D-MARKET Electronic Services & Trading Unsponsored ADR $HEPS

GSA Capital Partners LLP bought a new position in shares of D-MARKET Electronic Services & Trading Unsponsored ADR (NASDAQ:HEPS) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 237,221 shares of the company’s stock, valued at approximately $638,000. GSA Capital Partners LLP owned about 0.07% of D-MARKET Electronic Services & Trading at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of D-MARKET Electronic Services & Trading during the first quarter worth $527,000. Rhumbline Advisers lifted its holdings in D-MARKET Electronic Services & Trading by 26.8% during the 1st quarter. Rhumbline Advisers now owns 19,296 shares of the company’s stock worth $55,000 after buying an additional 4,081 shares during the period. Geode Capital Management LLC grew its position in shares of D-MARKET Electronic Services & Trading by 62.5% in the 2nd quarter. Geode Capital Management LLC now owns 107,916 shares of the company’s stock valued at $291,000 after buying an additional 41,525 shares during the last quarter. Brightlight Capital Management LP increased its stake in shares of D-MARKET Electronic Services & Trading by 4.7% in the second quarter. Brightlight Capital Management LP now owns 6,304,070 shares of the company’s stock valued at $17,021,000 after buying an additional 281,230 shares during the period. Finally, BNP Paribas Financial Markets increased its position in D-MARKET Electronic Services & Trading by 2.4% during the 2nd quarter. BNP Paribas Financial Markets now owns 965,408 shares of the company’s stock valued at $2,607,000 after purchasing an additional 22,445 shares during the period. 40.46% of the stock is currently owned by institutional investors and hedge funds.

D-MARKET Electronic Services & Trading Trading Up 0.7%

NASDAQ HEPS opened at $2.71 on Monday. The company has a quick ratio of 0.53, a current ratio of 0.85 and a debt-to-equity ratio of 0.89. D-MARKET Electronic Services & Trading Unsponsored ADR has a 52 week low of $2.15 and a 52 week high of $3.63. The business has a 50 day moving average price of $2.67 and a 200-day moving average price of $2.64. The company has a market cap of $968.09 million, a price-to-earnings ratio of -10.84 and a beta of 2.30.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on HEPS shares. Wall Street Zen downgraded shares of D-MARKET Electronic Services & Trading from a “hold” rating to a “sell” rating in a research report on Saturday, February 7th. Weiss Ratings reissued a “sell (d-)” rating on shares of D-MARKET Electronic Services & Trading in a research note on Wednesday, January 21st. Zacks Research upgraded D-MARKET Electronic Services & Trading to a “hold” rating in a report on Thursday, November 20th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $3.07 price objective (down previously from $4.85) on shares of D-MARKET Electronic Services & Trading in a research note on Tuesday, November 18th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, D-MARKET Electronic Services & Trading presently has an average rating of “Reduce” and a consensus price target of $3.07.

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.