Tekne Capital Management LLC Invests $18.79 Million in D-Market Elektronik Hizmetler ve Ticaret A.S. (NASDAQ:HEPS)

Tekne Capital Management LLC acquired a new position in D-Market Elektronik Hizmetler ve Ticaret A.S. (NASDAQ:HEPS) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 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 approximately 6.8% of Tekne Capital Management LLC’s portfolio, making the stock its 5th largest holding. Tekne Capital Management LLC owned approximately 2.20% of D-Market Elektronik Hizmetler ve Ticaret A.S. at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of HEPS. State Street Corp boosted its holdings in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. by 7.3% in the third quarter. State Street Corp now owns 701,050 shares of the company’s stock valued at $1,584,000 after acquiring an additional 47,639 shares in the last quarter. Jane Street Group LLC increased its position in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. by 148.7% during the 3rd quarter. Jane Street Group LLC now owns 48,583 shares of the company’s stock valued at $110,000 after purchasing an additional 29,046 shares during the period. JPMorgan Chase & Co. raised its stake in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. by 809.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 95,780 shares of the company’s stock worth $216,000 after buying an additional 85,245 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. by 18.0% in the fourth quarter. GAMMA Investing LLC now owns 27,250 shares of the company’s stock valued at $83,000 after buying an additional 4,152 shares during the period. Finally, ABS Direct Equity Fund LLC bought a new position in D-Market Elektronik Hizmetler ve Ticaret A.S. during the fourth quarter valued at about $545,000. Institutional investors own 40.46% of the company’s stock.

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

NASDAQ HEPS opened at $2.64 on Friday. D-Market Elektronik Hizmetler ve Ticaret A.S. has a 1 year low of $1.25 and a 1 year high of $4.05. The stock’s 50-day moving average price is $3.16 and its two-hundred day moving average price is $3.06. The company has a market cap of $742.85 million, a PE ratio of -17.60 and a beta of 2.41. The company has a current ratio of 1.02, a quick ratio of 0.66 and a debt-to-equity ratio of 0.18.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on HEPS shares. Hsbc Global Res downgraded shares of D-Market Elektronik Hizmetler ve Ticaret A.S. from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 22nd. HSBC cut 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.

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.