D-MARKET Electronic Services & Trading (NASDAQ:HEPS) Cut to Sell at Wall Street Zen

Wall Street Zen lowered shares of D-MARKET Electronic Services & Trading (NASDAQ:HEPS) from a hold rating to a sell rating in a research note released on Saturday.

HEPS has been the topic of a number of other reports. Weiss Ratings restated a “sell (d-)” rating on shares of D-MARKET Electronic Services & Trading in a research report on Wednesday, January 21st. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $3.07 target price (down from $4.85) on shares of D-MARKET Electronic Services & Trading in a research note on Tuesday, November 18th. Finally, Zacks Research upgraded D-MARKET Electronic Services & Trading to a “hold” rating in a research report on Thursday, November 20th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $3.07.

D-MARKET Electronic Services & Trading Stock Performance

Shares of HEPS stock opened at $2.76 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.53 and a debt-to-equity ratio of 0.89. D-MARKET Electronic Services & Trading has a 12-month low of $2.15 and a 12-month high of $3.85. The business’s 50 day moving average is $2.62 and its two-hundred day moving average is $2.64. The company has a market capitalization of $985.95 million, a P/E ratio of -11.04 and a beta of 2.30.

Institutional Trading of D-MARKET Electronic Services & Trading

Hedge funds and other institutional investors have recently made changes to their positions in the company. Rhumbline Advisers lifted its holdings in D-MARKET Electronic Services & Trading by 26.8% in the first 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 last quarter. Wealth Enhancement Advisory Services LLC increased its stake in D-MARKET Electronic Services & Trading by 32.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 80,338 shares of the company’s stock worth $217,000 after acquiring an additional 19,841 shares during the last quarter. BNP Paribas Financial Markets raised its position in D-MARKET Electronic Services & Trading by 2.4% in the second quarter. BNP Paribas Financial Markets now owns 965,408 shares of the company’s stock valued at $2,607,000 after purchasing an additional 22,445 shares during the period. Geode Capital Management LLC lifted its stake in shares of D-MARKET Electronic Services & Trading by 19.2% in the 4th quarter. Geode Capital Management LLC now owns 155,287 shares of the company’s stock valued at $385,000 after purchasing an additional 25,032 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC grew its holdings in shares of D-MARKET Electronic Services & Trading by 111.5% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 69,000 shares of the company’s stock worth $186,000 after purchasing an additional 36,378 shares during the period. Institutional investors and hedge funds own 40.46% of the company’s stock.

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. It also offers Hepsiburada Market, an app-in-app initiative and on-demand delivery service that delivers groceries and water; HepsiJet that provides last-mile delivery services; HepsiLojistik, which offers storage and fulfillment services; HepsiMat, an offline network of pick-up and drop-off point; HepsiAd that provides advertising service; HepsiGlobal for discovering and purchasing products from international merchants online; Hepsipay, which offers an e-money and payment services; and Hepsiburada Seyahat for buying airline tickets online.