D-MARKET Electronic Services & Trading Unsponsored ADR $HEPS Shares Bought by VR Advisory Services Ltd

Key Points

• VR Advisory Services Ltd significantly increased its stake in D-MARKET Electronic Services & Trading by 352%, now holding 12,413,583 shares, which constitutes about 9.3% of its total holdings.
• Multiple hedge funds have recently acquired stakes in D-MARKET Electronic Services & Trading, with a notable investment of approximately $14.5 million by Brightlight Capital Management LP in the fourth quarter.
• D-MARKET Electronic Services & Trading has been upgraded from a "strong sell" to a "hold" rating by Wall Street Zen, reflecting a consensus rating of "Hold" with an average target price of $3.50.

VR Advisory Services Ltd grew its position in D-MARKET Electronic Services & Trading Unsponsored ADR (NASDAQ:HEPS - Free Report) by 352.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,413,583 shares of the company's stock after acquiring an additional 9,667,225 shares during the period. D-MARKET Electronic Services & Trading comprises about 9.3% of VR Advisory Services Ltd's portfolio, making the stock its 3rd largest holding. VR Advisory Services Ltd owned 3.86% of D-MARKET Electronic Services & Trading worth $35,379,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Rhumbline Advisers grew its position in shares of D-MARKET Electronic Services & Trading by 26.8% in the 1st quarter. Rhumbline Advisers now owns 19,296 shares of the company's stock valued at $55,000 after acquiring an additional 4,081 shares during the period. XTX Topco Ltd bought a new stake in shares of D-MARKET Electronic Services & Trading during the 1st quarter worth about $80,000. Squarepoint Ops LLC bought a new stake in shares of D-MARKET Electronic Services & Trading during the 4th quarter worth about $112,000. GAMMA Investing LLC boosted its holdings in shares of D-MARKET Electronic Services & Trading by 154.5% during the 1st quarter. GAMMA Investing LLC now owns 69,343 shares of the company's stock worth $198,000 after buying an additional 42,093 shares during the period. Finally, Cubist Systematic Strategies LLC boosted its holdings in shares of D-MARKET Electronic Services & Trading by 208.2% during the 4th quarter. Cubist Systematic Strategies LLC now owns 79,112 shares of the company's stock worth $240,000 after buying an additional 53,441 shares during the period. Institutional investors own 40.46% of the company's stock.

D-MARKET Electronic Services & Trading Stock Performance

NASDAQ HEPS remained flat at $2.81 during trading on Friday. 154,384 shares of the company's stock were exchanged, compared to its average volume of 241,317. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.92 and a quick ratio of 0.62. The stock has a market cap of $903.08 million, a price-to-earnings ratio of -15.61 and a beta of 2.33. D-MARKET Electronic Services & Trading Unsponsored ADR has a 52-week low of $2.11 and a 52-week high of $4.05. The company has a 50 day moving average of $2.75 and a 200 day moving average of $2.82.

D-MARKET Electronic Services & Trading (NASDAQ:HEPS - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported ($0.06) earnings per share (EPS) for the quarter. The business had revenue of $431.50 million during 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, equities analysts forecast that D-MARKET Electronic Services & Trading Unsponsored ADR will post -0.03 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.