Millennium Management LLC Makes New Investment in MYT Netherlands Parent B.V. (NYSE:MYTE)

Millennium Management LLC bought a new stake in MYT Netherlands Parent B.V. (NYSE:MYTE - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 76,838 shares of the company's stock, valued at approximately $546,000. Millennium Management LLC owned about 0.09% of MYT Netherlands Parent B.V. as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Coronation Fund Managers Ltd. acquired a new stake in MYT Netherlands Parent B.V. in the 4th quarter valued at approximately $124,000. DJE Kapital AG bought a new position in shares of MYT Netherlands Parent B.V. in the fourth quarter worth $15,667,000. JPMorgan Chase & Co. bought a new position in shares of MYT Netherlands Parent B.V. in the fourth quarter worth $80,000. XTX Topco Ltd acquired a new position in shares of MYT Netherlands Parent B.V. during the fourth quarter valued at $96,000. Finally, Walleye Capital LLC bought a new stake in shares of MYT Netherlands Parent B.V. during the fourth quarter valued at about $256,000. Institutional investors and hedge funds own 10.07% of the company's stock.

Analyst Upgrades and Downgrades

Separately, TD Cowen raised MYT Netherlands Parent B.V. from a "hold" rating to a "buy" rating and increased their price target for the company from $13.00 to $14.00 in a research note on Monday, March 3rd.

MYT Netherlands Parent B.V. Price Performance

MYTE opened at $9.40 on Monday. MYT Netherlands Parent B.V. has a 12-month low of $3.22 and a 12-month high of $12.50. The company has a quick ratio of 0.22, a current ratio of 1.78 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $805.57 million, a P/E ratio of -21.86 and a beta of 1.08. The stock has a fifty day moving average of $8.26 and a 200-day moving average of $8.44.

MYT Netherlands Parent B.V. Company Profile

MYT Netherlands Parent B.V., through its subsidiary, Mytheresa Group GmbH, operates a luxury e-commerce platform for fashion consumers in Germany, the United States, rest of Europe, and internationally. It offers womenswear, menswear, kids wear, and lifestyle products. The company sells clothes, bags, shoes, accessories, and fine jewelry through online and retail stores.

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