Tekne Capital Management LLC Decreases Stake in D-MARKET Electronic Services & Trading Unsponsored ADR $HEPS

Key Points

• Tekne Capital Management LLC reduced its stake in D-MARKET Electronic Services & Trading (NASDAQ:HEPS) by 5.6%, now holding approximately 5.85 million shares, which constitutes about 1.82% of the company.
• Analysts have upgraded the stock from a "strong sell" to a "hold" rating, with an average price target of $3.50.
• D-MARKET Electronic Services & Trading reported a loss of ($0.06) EPS for the recent quarter, with revenues of $431.5 million and a negative net margin of 4.22%.

Tekne Capital Management LLC reduced its holdings in shares of D-MARKET Electronic Services & Trading Unsponsored ADR (NASDAQ:HEPS - Free Report) by 5.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,855,103 shares of the company's stock after selling 344,897 shares during the quarter. D-MARKET Electronic Services & Trading accounts for about 6.4% of Tekne Capital Management LLC's holdings, making the stock its 4th biggest position. Tekne Capital Management LLC owned approximately 1.82% of D-MARKET Electronic Services & Trading worth $16,687,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC grew its holdings in shares of D-MARKET Electronic Services & Trading by 154.5% during the first quarter. GAMMA Investing LLC now owns 69,343 shares of the company's stock valued at $198,000 after buying an additional 42,093 shares during the last quarter. Rhumbline Advisers boosted its holdings in D-MARKET Electronic Services & Trading by 26.8% during the first quarter. Rhumbline Advisers now owns 19,296 shares of the company's stock worth $55,000 after purchasing an additional 4,081 shares during the last quarter. Brightlight Capital Management LP purchased a new position in D-MARKET Electronic Services & Trading during the fourth quarter worth about $14,533,000. BNP Paribas Financial Markets purchased a new position in D-MARKET Electronic Services & Trading during the fourth quarter worth about $2,735,000. Finally, Schonfeld Strategic Advisors LLC purchased a new position in D-MARKET Electronic Services & Trading during the fourth quarter worth about $307,000. 40.46% of the stock is currently owned by institutional investors and hedge funds.

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

D-MARKET Electronic Services & Trading Stock Performance

HEPS traded down $0.05 during midday trading on Monday, reaching $2.76. The company had a trading volume of 125,310 shares, compared to its average volume of 296,045. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.62 and a current ratio of 0.92. The stock has a market cap of $887.01 million, a PE ratio of -15.33 and a beta of 2.33. D-MARKET Electronic Services & Trading Unsponsored ADR has a 12-month low of $2.11 and a 12-month high of $4.05. The business has a 50-day moving average price of $2.75 and a two-hundred day moving average price of $2.84.

D-MARKET Electronic Services & Trading (NASDAQ:HEPS - Get Free Report) last announced its quarterly 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 net margin of 4.22% and a negative return on equity of 62.27%. On average, sell-side analysts expect that D-MARKET Electronic Services & Trading Unsponsored ADR will post -0.03 earnings per share for the current fiscal year.

About D-MARKET Electronic Services & Trading

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.