100,000 Shares in D-Market Elektronik Hizmetler ve Ticaret A.S. (NASDAQ:HEPS) Bought by Rangeley Capital LLC

Rangeley Capital LLC purchased a new stake in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. (NASDAQ:HEPS) during the 4th quarter, HoldingsChannel reports. The firm purchased 100,000 shares of the company’s stock, valued at approximately $303,000.

A number of other hedge funds have also modified their holdings of HEPS. ABS Direct Equity Fund LLC purchased a new position in D-Market Elektronik Hizmetler ve Ticaret A.S. during the 4th quarter worth approximately $545,000. JPMorgan Chase & Co. raised its holdings in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. by 809.2% during the third quarter. JPMorgan Chase & Co. now owns 95,780 shares of the company’s stock worth $216,000 after purchasing an additional 85,245 shares during the last quarter. Jane Street Group LLC lifted its position in D-Market Elektronik Hizmetler ve Ticaret A.S. by 148.7% during the third 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. GAMMA Investing LLC boosted its holdings in 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 last quarter. Finally, State Street Corp grew its position in D-Market Elektronik Hizmetler ve Ticaret A.S. by 7.3% during the 3rd quarter. State Street Corp now owns 701,050 shares of the company’s stock worth $1,584,000 after purchasing an additional 47,639 shares during the period. 40.46% of the stock is owned by institutional investors and hedge funds.

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

NASDAQ:HEPS opened at $2.85 on Thursday. The company has a quick ratio of 0.66, a current ratio of 1.02 and a debt-to-equity ratio of 0.18. D-Market Elektronik Hizmetler ve Ticaret A.S. has a 52 week low of $1.25 and a 52 week high of $4.05. The stock’s 50-day moving average price is $3.26 and its 200-day moving average price is $3.04. The stock has a market capitalization of $801.94 million, a PE ratio of -19.00 and a beta of 2.42.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on HEPS shares. HSBC downgraded D-Market Elektronik Hizmetler ve Ticaret A.S. from a “buy” rating to a “hold” rating and set a $3.50 target price on the stock. in a research note on Wednesday, January 22nd. Hsbc Global Res cut shares of 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.

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.