Tekne Capital Management LLC Buys New Stake in D-Market Elektronik Hizmetler ve Ticaret A.S. (NASDAQ:HEPS)

Tekne Capital Management LLC bought a new stake in D-Market Elektronik Hizmetler ve Ticaret A.S. (NASDAQ:HEPS - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 6,200,000 shares of the company's stock, valued at approximately $18,786,000. D-Market Elektronik Hizmetler ve Ticaret A.S. accounts for 6.8% of Tekne Capital Management LLC's investment portfolio, making the stock its 5th biggest holding. Tekne Capital Management LLC owned approximately 2.20% of D-Market Elektronik Hizmetler ve Ticaret A.S. as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC grew its stake in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. by 18.0% in the 4th quarter. GAMMA Investing LLC now owns 27,250 shares of the company's stock worth $83,000 after buying an additional 4,152 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. by 2.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 249,664 shares of the company's stock valued at $756,000 after acquiring an additional 5,855 shares in the last quarter. Jane Street Group LLC increased its holdings in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. by 148.7% during the third quarter. Jane Street Group LLC now owns 48,583 shares of the company's stock valued at $110,000 after acquiring an additional 29,046 shares in the last quarter. State Street Corp boosted its stake in D-Market Elektronik Hizmetler ve Ticaret A.S. by 7.3% in the 3rd quarter. State Street Corp now owns 701,050 shares of the company's stock worth $1,584,000 after purchasing an additional 47,639 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in D-Market Elektronik Hizmetler ve Ticaret A.S. by 809.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 95,780 shares of the company's stock valued at $216,000 after purchasing an additional 85,245 shares during the last quarter. 40.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. HSBC cut shares of D-Market Elektronik Hizmetler ve Ticaret A.S. from a "buy" rating to a "hold" rating and set a $3.50 price target on the stock. in a report on Wednesday, January 22nd. Hsbc Global Res cut D-Market Elektronik Hizmetler ve Ticaret A.S. from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 22nd.

D-Market Elektronik Hizmetler ve Ticaret A.S. Stock Performance

Shares of NASDAQ HEPS traded up $0.08 during midday trading on Friday, hitting $2.89. 282,070 shares of the stock traded hands, compared to its average volume of 884,374. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.66 and a current ratio of 1.02. D-Market Elektronik Hizmetler ve Ticaret A.S. has a one year low of $1.29 and a one year high of $4.05. The firm has a market capitalization of $813.20 million, a P/E ratio of -19.27 and a beta of 2.41. The firm has a 50-day moving average of $3.09 and a two-hundred day moving average of $3.07.

About D-Market Elektronik Hizmetler ve Ticaret A.S.

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.