Brightlight Capital Management LP Has $17.17 Million Stock Position in D-MARKET Electronic Services & Trading Unsponsored ADR $HEPS

Key Points

• Brightlight Capital Management LP has increased its stake in D-MARKET Electronic Services & Trading by 25.6%, owning approximately 6,022,840 shares, which makes it the firm’s third-largest position.
• Institutional investors collectively hold about 40.46% of D-MARKET's stock, with several firms, including Rhumbline Advisers and GAMMA Investing LLC, significantly increasing their positions in the first quarter.
• The company's recent financial results show a revenue of $431.5 million and an EPS of -$0.06, with analysts predicting a further loss of -$0.03 per share for the current fiscal year.

Brightlight Capital Management LP raised its position in shares of D-MARKET Electronic Services & Trading Unsponsored ADR (NASDAQ:HEPS - Free Report) by 25.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,022,840 shares of the company's stock after purchasing an additional 1,226,444 shares during the quarter. D-MARKET Electronic Services & Trading accounts for approximately 11.6% of Brightlight Capital Management LP's holdings, making the stock its 3rd biggest position. Brightlight Capital Management LP owned about 1.87% of D-MARKET Electronic Services & Trading worth $17,165,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. VR Advisory Services Ltd bought a new stake in D-MARKET Electronic Services & Trading in the fourth quarter worth $8,321,000. BNP Paribas Financial Markets purchased a new position in shares of D-MARKET Electronic Services & Trading in the fourth quarter worth about $2,735,000. OLP CAPITAL MANAGEMENT Ltd purchased a new position in D-MARKET Electronic Services & Trading during the fourth quarter valued at approximately $702,000. Itau Unibanco Holding S.A. acquired a new stake in D-MARKET Electronic Services & Trading in the first quarter valued at approximately $530,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in shares of D-MARKET Electronic Services & Trading in the fourth quarter worth approximately $307,000. 40.46% of the stock is owned by hedge funds and other institutional investors.

D-MARKET Electronic Services & Trading Stock Down 2.5%

NASDAQ:HEPS traded down $0.07 during trading hours on Tuesday, hitting $2.69. 218,764 shares of the stock traded hands, compared to its average volume of 496,366. The firm has a 50 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 Unsponsored ADR has a fifty-two week low of $2.11 and a fifty-two week high of $4.05. The firm has a market cap of $864.52 million, a price-to-earnings ratio of -14.94 and a beta of 2.33.

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. D-MARKET Electronic Services & Trading had a negative return on equity of 62.27% and a negative net margin of 4.22%.The business had revenue of $431.50 million for the quarter. Equities research analysts anticipate that D-MARKET Electronic Services & Trading Unsponsored ADR will post -0.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.