GSA Capital Partners LLP has taken a significant step by acquiring a new position in shares of D-MARKET Electronic Services & Trading Unsponsored ADR (NASDAQ: HEPS) during the third quarter of this year. The institutional investor purchased 237,221 shares, valued at approximately $638,000, according to Holdings Channel.com. This investment reflects a growing interest in the company among institutional investors and hedge funds.
Several other institutional players have also adjusted their stakes in D-MARKET. Rhumbline Advisers increased its holdings by 26.8% in the first quarter, now owning 19,296 shares worth about $55,000 after acquiring an additional 4,081 shares. Wealth Enhancement Advisory Services LLC entered the market with a new position valued at $164,000 in the third quarter. Geode Capital Management LLC raised its stake by an impressive 62.5% during the second quarter, bringing its total to 107,916 shares valued at $291,000 after acquiring 41,525 additional shares. Rangeley Capital LLC also expanded its position by 38.6% in the second quarter, resulting in ownership of 200,000 shares valued at $540,000. Collectively, hedge funds and institutional investors now own 40.46% of D-MARKET’s stock.
Market Analysts Weigh In
Market analysts have provided mixed assessments of D-MARKET’s stock. On November 18, JPMorgan Chase & Co. reaffirmed a “neutral” rating, setting a price objective of $3.07, a decrease from a previous target of $4.85. In contrast, Zacks Research upgraded D-MARKET to a “hold” rating on November 20. Meanwhile, Wall Street Zen adjusted its rating from “hold” to “sell” on February 7, and Weiss Ratings reiterated a “sell (d-)” rating on January 21. Currently, two investment analysts have rated the stock as Hold, while one has issued a Sell rating. According to data from MarketBeat, D-MARKET Electronic Services & Trading has a consensus rating of “Reduce” and an average price target set at $3.07.
Stock Performance Overview
As of Monday, D-MARKET Electronic Services & Trading’s stock opened at $2.71. The company’s 50-day simple moving average stands at $2.67, while the 200-day average is $2.64. Over the past year, the stock has fluctuated between a low of $2.15 and a high of $3.63. D-MARKET currently boasts a market capitalization of $968.09 million, with a price-to-earnings ratio of -10.84 and a beta of 2.30. Financial metrics indicate 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, known as D-Market Elektronik Hizmetler ve Ticaret A.S., operates a range of e-commerce platforms in Turkey. The company’s primary retail website, www.hepsiburada.com, offers customers a variety of products, including electronics, books, toys, and cosmetics. Additional services include Hepsiburada Market for grocery delivery, HepsiJet for last-mile delivery, and Hepsipay for e-money and payment services.
Investors can stay updated on D-MARKET’s performance and holdings through resources like HoldingsChannel.com, which provides the latest 13F filings and insider trades for the company.
