Luxor Capital Group LP Acquires 314,719 Shares of D-MARKET Electronic Services & Trading Unsponsored ADR $HEPS

Luxor Capital Group LP increased its holdings in D-MARKET Electronic Services & Trading Unsponsored ADR (NASDAQ:HEPS) by 8.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,912,903 shares of the company’s stock after acquiring an additional 314,719 shares during the period. D-MARKET Electronic Services & Trading comprises 0.5% of Luxor Capital Group LP’s investment portfolio, making the stock its 23rd biggest holding. Luxor Capital Group LP’s holdings in D-MARKET Electronic Services & Trading were worth $10,526,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in HEPS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in D-MARKET Electronic Services & Trading during the 1st quarter valued at about $527,000. Rhumbline Advisers raised its stake in shares of D-MARKET Electronic Services & Trading by 26.8% in the first quarter. Rhumbline Advisers now owns 19,296 shares of the company’s stock worth $55,000 after purchasing an additional 4,081 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of D-MARKET Electronic Services & Trading by 62.5% in the second quarter. Geode Capital Management LLC now owns 107,916 shares of the company’s stock valued at $291,000 after purchasing an additional 41,525 shares in the last quarter. Brightlight Capital Management LP lifted its holdings in shares of D-MARKET Electronic Services & Trading by 4.7% in the second quarter. Brightlight Capital Management LP now owns 6,304,070 shares of the company’s stock valued at $17,021,000 after purchasing an additional 281,230 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its position in shares of D-MARKET Electronic Services & Trading by 2.4% during the second quarter. BNP Paribas Financial Markets now owns 965,408 shares of the company’s stock valued at $2,607,000 after buying an additional 22,445 shares during the last quarter. Institutional investors and hedge funds own 40.46% of the company’s stock.

D-MARKET Electronic Services & Trading Stock Performance

HEPS stock opened at $2.88 on Tuesday. The company has a quick ratio of 0.63, a current ratio of 0.89 and a debt-to-equity ratio of 0.39. The firm has a market cap of $1.03 billion, a PE ratio of -6.70 and a beta of 2.31. The business has a 50 day moving average of $2.75 and a 200-day moving average of $2.63. D-MARKET Electronic Services & Trading Unsponsored ADR has a 12-month low of $2.15 and a 12-month high of $3.33.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of D-MARKET Electronic Services & Trading in a research report on Wednesday, January 21st. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $3.07 price objective (down from $4.85) on shares of D-MARKET Electronic Services & Trading in a report on Tuesday, November 18th. Zacks Research upgraded shares of D-MARKET Electronic Services & Trading to a “hold” rating in a report on Thursday, November 20th. Finally, Wall Street Zen raised shares of D-MARKET Electronic Services & Trading from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, D-MARKET Electronic Services & Trading currently has an average rating of “Reduce” and an average target price of $3.07.

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.