Tekne Capital Management LLC Makes New $18.79 Million Investment in D-Market Elektronik Hizmetler ve Ticaret A.S. (NASDAQ:HEPS)

Tekne Capital Management LLC bought a new stake in D-Market Elektronik Hizmetler ve Ticaret A.S. (NASDAQ:HEPS) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor 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 approximately 6.8% of Tekne Capital Management LLC’s investment portfolio, making the stock its 5th largest position.

A number of other hedge funds have also made changes to their positions in HEPS. GAMMA Investing LLC raised its position in D-Market Elektronik Hizmetler ve Ticaret A.S. by 18.0% during the fourth quarter. GAMMA Investing LLC now owns 27,250 shares of the company’s stock valued at $83,000 after acquiring an additional 4,152 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. by 148.7% during the 3rd quarter. Jane Street Group LLC now owns 48,583 shares of the company’s stock worth $110,000 after acquiring an additional 29,046 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. by 809.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 95,780 shares of the company’s stock valued at $216,000 after acquiring an additional 85,245 shares during the last quarter. Rangeley Capital LLC acquired a new stake in D-Market Elektronik Hizmetler ve Ticaret A.S. in the 4th quarter worth approximately $303,000. Finally, ABS Direct Equity Fund LLC bought a new stake in D-Market Elektronik Hizmetler ve Ticaret A.S. during the fourth quarter worth approximately $545,000. 40.46% of the stock is owned by hedge funds and other institutional investors.

D-Market Elektronik Hizmetler ve Ticaret A.S. Stock Up 1.5 %

Shares of NASDAQ:HEPS opened at $2.64 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.66 and a current ratio of 1.02. The company has a market capitalization of $742.85 million, a PE ratio of -17.60 and a beta of 2.41. 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 company’s fifty day moving average is $3.16 and its 200-day moving average is $3.06.

Analysts Set New Price Targets

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

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