Baader Bank Aktiengesellschaft Buys Shares of 164,574 D-MARKET Electronic Services & Trading Unsponsored ADR $HEPS

Key Points

• Baader Bank Aktiengesellschaft has acquired 164,574 shares of D-MARKET Electronic Services & Trading Unsponsored ADR, valued at approximately $444,000, representing about 0.05% ownership as of its latest SEC filing.
• Several institutional investors have increased their stakes in D-MARKET, including VR Advisory Services Ltd, which boosted its holdings by 352.0% to own over 12 million shares valued at $35.4 million.
• Recent earnings revealed a negative net margin of 4.22% with expectations for an EPS of -0.03 for the current fiscal year, while analysts have given the stock an average rating of "Hold" with a target price of $3.50.

Baader Bank Aktiengesellschaft bought a new stake in D-MARKET Electronic Services & Trading Unsponsored ADR (NASDAQ:HEPS - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 164,574 shares of the company's stock, valued at approximately $444,000. Baader Bank Aktiengesellschaft owned approximately 0.05% of D-MARKET Electronic Services & Trading at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. VR Advisory Services Ltd grew its position 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 purchasing an additional 9,667,225 shares in the last quarter. Brightlight Capital Management LP lifted its stake in D-MARKET Electronic Services & Trading by 25.6% in the first quarter. Brightlight Capital Management LP now owns 6,022,840 shares of the company's stock valued at $17,165,000 after acquiring an additional 1,226,444 shares during 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 acquiring an additional 69,516 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new stake in D-MARKET Electronic Services & Trading in the first quarter valued at $530,000. Finally, ABS Direct Equity Fund LLC lifted its stake in D-MARKET Electronic Services & Trading by 2.9% in the first quarter. ABS Direct Equity Fund LLC now owns 185,300 shares of the company's stock valued at $528,000 after acquiring an additional 5,300 shares during the last quarter. Institutional investors own 40.46% of the company's stock.

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 note on Sunday, August 10th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $3.50.

D-MARKET Electronic Services & Trading Stock Performance

Shares of NASDAQ HEPS traded down $0.10 during mid-day trading on Monday, reaching $2.83. 233,808 shares of the company were exchanged, compared to its average volume of 158,217. The company's 50-day simple moving average is $2.77 and its 200-day simple moving average is $2.78. The company has a quick ratio of 0.62, a current ratio of 0.92 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $909.51 million, a P/E ratio of -15.72 and a beta of 2.33. D-MARKET Electronic Services & Trading Unsponsored ADR has a twelve month low of $2.13 and a twelve month high of $4.05.

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