D-MARKET Electronic Services & Trading (NASDAQ:HEPS) Sees Large Volume Increase – Time to Buy?

D-MARKET Electronic Services & Trading Unsponsored ADR (NASDAQ:HEPS) saw strong trading volume on Thursday . Approximately 295,803 shares were traded during trading, an increase of 16% from the previous session’s volume of 255,228 shares.The stock last traded at $2.68 and had previously closed at $2.68.

Analysts Set New Price Targets

Several research firms have commented on HEPS. Wall Street Zen cut shares of D-MARKET Electronic Services & Trading from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of D-MARKET Electronic Services & Trading in a report on Tuesday, August 11th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $3.07.

D-MARKET Electronic Services & Trading Stock Performance

The stock’s fifty day simple moving average is $2.83 and its 200-day simple moving average is $2.77. The company has a market capitalization of $955.58 million, a PE ratio of -5.25 and a beta of 2.13. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.49 and a current ratio of 0.77.

D-MARKET Electronic Services & Trading (NASDAQ:HEPS) last released its earnings results on Thursday, August 6th. The company reported ($0.11) earnings per share (EPS) for the quarter. The company had revenue of $483.32 million during the quarter. D-MARKET Electronic Services & Trading had a negative net margin of 7.78% and a negative return on equity of 776.28%.

Hedge Funds Weigh In On D-MARKET Electronic Services & Trading

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. VR Advisory Services Ltd grew its holdings in D-MARKET Electronic Services & Trading by 3.3% during the 4th quarter. VR Advisory Services Ltd now owns 16,472,821 shares of the company’s stock worth $40,853,000 after acquiring an additional 531,084 shares in the last quarter. State Street Corp raised its stake in D-MARKET Electronic Services & Trading by 190.4% during the fourth quarter. State Street Corp now owns 2,379,825 shares of the company’s stock worth $5,902,000 after acquiring an additional 1,560,395 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of D-MARKET Electronic Services & Trading by 2.4% in the 2nd quarter. BNP Paribas Financial Markets now owns 965,408 shares of the company’s stock worth $2,607,000 after purchasing an additional 22,445 shares during the last quarter. UBS Group AG lifted its holdings in shares of D-MARKET Electronic Services & Trading by 29.0% in the 4th quarter. UBS Group AG now owns 892,087 shares of the company’s stock worth $2,212,000 after purchasing an additional 200,404 shares during the last quarter. Finally, GAM Holding AG boosted its position in D-MARKET Electronic Services & Trading by 50.0% during the 4th quarter. GAM Holding AG now owns 450,000 shares of the company’s stock valued at $1,116,000 after purchasing an additional 150,000 shares during the period. 40.46% of the stock is owned by hedge funds and other institutional investors.

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. 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.