Tekne Capital Management LLC bought a new position in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. (NASDAQ:HEPS - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 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 about 6.8% of Tekne Capital Management LLC's investment portfolio, making the stock its 5th largest position. 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.
A number of other large investors have also modified their holdings of HEPS. Rangeley Capital LLC acquired a new position in D-Market Elektronik Hizmetler ve Ticaret A.S. during the fourth quarter worth $303,000. Arrowstreet Capital Limited Partnership boosted its position in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. by 2.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 249,664 shares of the company's stock worth $756,000 after purchasing an additional 5,855 shares in the last quarter. BIT Capital GmbH grew its stake in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. by 9,161.3% during the 4th quarter. BIT Capital GmbH now owns 1,499,495 shares of the company's stock worth $4,543,000 after purchasing an additional 1,483,304 shares during the period. ABS Direct Equity Fund LLC purchased a new position in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. in the 4th quarter valued at about $545,000. Finally, GAMMA Investing LLC lifted its stake 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 purchasing an additional 4,152 shares during the period. 40.46% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research analysts have issued reports on the stock. HSBC cut shares of D-Market Elektronik Hizmetler ve Ticaret A.S. from a "buy" rating to a "hold" rating and set a $3.50 target price for the company. in a report on Wednesday, January 22nd. Hsbc Global Res downgraded D-Market Elektronik Hizmetler ve Ticaret A.S. from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, January 22nd.
View Our Latest Report on HEPS
D-Market Elektronik Hizmetler ve Ticaret A.S. Price Performance
Shares of D-Market Elektronik Hizmetler ve Ticaret A.S. stock traded up $0.12 on Tuesday, hitting $2.80. The company's stock had a trading volume of 248,308 shares, compared to its average volume of 883,894. The company has a market capitalization of $787.87 million, a P/E ratio of -18.67 and a beta of 2.41. D-Market Elektronik Hizmetler ve Ticaret A.S. has a 52-week low of $1.28 and a 52-week high of $4.05. The firm has a fifty day moving average price of $3.12 and a 200-day moving average price of $3.06. The company has a quick ratio of 0.66, a current ratio of 1.02 and a debt-to-equity ratio of 0.18.
About D-Market Elektronik Hizmetler ve Ticaret A.S.
(
Free Report)
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.
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