186,107 Shares in D-MARKET Electronic Services & Trading Unsponsored ADR $HEPS Acquired by Itau Unibanco Holding S.A.

Key Points

• Itau Unibanco Holding S.A. purchased 186,107 shares of D-MARKET Electronic Services & Trading, valued at approximately $530,000, marking a significant new investment in the company.
• Despite recent investments, D-MARKET reported a negative earnings per share of ($0.06) for the last quarter and has a negative return on equity of 62.27%.
• Analysts have upgraded D-MARKET's stock rating from a "strong sell" to a "hold," with a consensus target price of $3.50 per share.

Itau Unibanco Holding S.A. acquired a new position in D-MARKET Electronic Services & Trading Unsponsored ADR (NASDAQ:HEPS - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 186,107 shares of the company's stock, valued at approximately $530,000. Itau Unibanco Holding S.A. owned 0.06% of D-MARKET Electronic Services & Trading as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of HEPS. 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 purchasing an additional 69,516 shares during the last quarter. XTX Topco Ltd bought a new position in shares of D-MARKET Electronic Services & Trading during the 1st quarter worth $80,000. ABS Direct Equity Fund LLC grew its stake in shares of D-MARKET Electronic Services & Trading by 2.9% during the 1st quarter. ABS Direct Equity Fund LLC now owns 185,300 shares of the company's stock worth $528,000 after acquiring an additional 5,300 shares during the period. Rhumbline Advisers increased its holdings in D-MARKET Electronic Services & Trading by 26.8% in the 1st quarter. Rhumbline Advisers now owns 19,296 shares of the company's stock worth $55,000 after acquiring an additional 4,081 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in D-MARKET Electronic Services & Trading by 154.5% in the 1st quarter. GAMMA Investing LLC now owns 69,343 shares of the company's stock valued at $198,000 after acquiring an additional 42,093 shares during the period. 40.46% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

D-MARKET Electronic Services & Trading Price Performance

Shares of HEPS traded down $0.01 during mid-day trading on Wednesday, reaching $2.69. 17,146 shares of the stock traded hands, compared to its average volume of 493,491. The company has a market cap of $862.91 million, a price-to-earnings ratio of -14.94 and a beta of 2.33. D-MARKET Electronic Services & Trading Unsponsored ADR has a 1 year low of $2.11 and a 1 year high of $4.05. The firm has a fifty day moving average price of $2.75 and a 200 day moving average price of $2.84. The company has a current ratio of 0.92, a quick ratio of 0.62 and a debt-to-equity ratio of 0.23.

D-MARKET Electronic Services & Trading (NASDAQ:HEPS - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported ($0.06) EPS for the quarter. The business had revenue of $431.50 million 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%. As a group, equities 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.