D-MARKET Electronic Services & Trading (NASDAQ:HEPS) Shares Up 6.8% - Here's What Happened

Key Points

• HEPS shares rose 6.8% to $2.949 during Tuesday’s trading, although volume was down 92% from the stock’s average session volume.
• The company reported a quarterly loss of $0.11 per share on revenue of $483.32 million, alongside a negative net margin of 7.78% and negative return on equity.
• Institutional investors increased their positions in the company, with hedge funds and other institutions collectively owning 40.46% of HEPS shares.

D-MARKET Electronic Services & Trading Unsponsored ADR (NASDAQ:HEPS - Get Free Report)'s share price was up 6.8% on Tuesday . The stock traded as high as $2.91 and last traded at $2.9490. 19,978 shares changed hands during mid-day trading, a decline of 92% from the average session volume of 262,872 shares. The stock had previously closed at $2.76.

D-MARKET Electronic Services & Trading Stock Up 5.8%

The company has a market cap of $1.04 billion, a P/E ratio of -5.70 and a beta of 2.08. The company has a 50 day moving average of $2.85 and a 200-day moving average of $2.78. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.77 and a quick ratio of 0.49.

D-MARKET Electronic Services & Trading (NASDAQ:HEPS - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported ($0.11) earnings per share for the quarter. The business had revenue of $483.32 million during the quarter. D-MARKET Electronic Services & Trading had a negative return on equity of 776.28% and a negative net margin of 7.78%.

Institutional Trading of D-MARKET Electronic Services & Trading

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Rhumbline Advisers grew its position 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 acquiring an additional 4,081 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in D-MARKET Electronic Services & Trading by 32.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 80,338 shares of the company's stock worth $217,000 after purchasing an additional 19,841 shares during the last quarter. Graham Capital Management L.P. bought a new stake in D-MARKET Electronic Services & Trading during the fourth quarter worth about $55,000. BNP Paribas Financial Markets boosted its holdings 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 purchasing an additional 22,445 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings 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 worth $385,000 after purchasing an additional 25,032 shares in the last quarter. Hedge funds and other institutional investors own 40.46% of the company's stock.

D-MARKET Electronic Services & Trading 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. 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.

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