Bosun Asset Management LLC Purchases Shares of 144,578 D-MARKET Electronic Services & Trading Unsponsored ADR $HEPS

Key Points

• Bosun Asset Management LLC has acquired 144,578 shares of D-MARKET Electronic Services & Trading, valued at around $412,000, indicating increased institutional interest in the company.
• Wall Street analysts have upgraded D-MARKET's rating from a "strong sell" to a "hold," with a consensus target price of $3.50.
• D-MARKET Electronic Services & Trading reported a revenue of $431.50 million in its latest earnings and has a market cap of $903.08 million.

Bosun Asset Management LLC purchased a new position in shares of D-MARKET Electronic Services & Trading Unsponsored ADR (NASDAQ:HEPS - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 144,578 shares of the company's stock, valued at approximately $412,000.

Other hedge funds have also recently modified their holdings of the company. VR Advisory Services Ltd boosted its stake 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 valued at $35,379,000 after acquiring an additional 9,667,225 shares in the last quarter. Brightlight Capital Management LP raised its stake in shares of 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 valued at $17,165,000 after purchasing an additional 1,226,444 shares in the last quarter. BIT Capital GmbH lifted its stake in D-MARKET Electronic Services & Trading by 4.6% in the first quarter. BIT Capital GmbH now owns 1,569,011 shares of the company's stock valued at $4,472,000 after buying an additional 69,516 shares during the last quarter. BNP Paribas Financial Markets bought a new stake in shares of D-MARKET Electronic Services & Trading in the 4th quarter worth $2,735,000. Finally, OLP CAPITAL MANAGEMENT Ltd acquired a new stake in D-MARKET Electronic Services & Trading during the 4th quarter worth about $702,000. Hedge funds and other institutional investors own 40.46% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded D-MARKET Electronic Services & Trading from a "strong sell" rating to a "hold" rating in a report on Sunday, August 10th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $3.50.

D-MARKET Electronic Services & Trading Stock Down 0.4%

Shares of D-MARKET Electronic Services & Trading stock traded down $0.01 on Wednesday, hitting $2.81. The company had a trading volume of 41,392 shares, compared to its average volume of 483,826. The firm has a market capitalization of $903.08 million, a P/E ratio of -15.62 and a beta of 2.33. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.92 and a quick ratio of 0.62. D-MARKET Electronic Services & Trading Unsponsored ADR has a twelve month low of $2.11 and a twelve month high of $4.05. The stock has a 50-day moving average of $2.75 and a 200-day moving average of $2.81.

D-MARKET Electronic Services & Trading (NASDAQ:HEPS - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported ($0.06) earnings per share for the quarter. D-MARKET Electronic Services & Trading had a negative return on equity of 62.27% and a negative net margin of 4.22%.The firm had revenue of $431.50 million for the quarter. Research analysts predict that D-MARKET Electronic Services & Trading Unsponsored ADR will post -0.03 earnings per share for the current year.

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.