Sylebra Capital LLC Buys 41,624 Shares of MYT Netherlands Parent B.V. (NYSE:MYTE)

Sylebra Capital LLC raised its stake in shares of MYT Netherlands Parent B.V. (NYSE:MYTE - Free Report) by 1.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,937,022 shares of the company's stock after purchasing an additional 41,624 shares during the period. MYT Netherlands Parent B.V. accounts for 0.8% of Sylebra Capital LLC's portfolio, making the stock its 21st largest holding. Sylebra Capital LLC owned 4.62% of MYT Netherlands Parent B.V. worth $27,953,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. DJE Kapital AG acquired a new position in MYT Netherlands Parent B.V. in the 4th quarter valued at $15,667,000. Portolan Capital Management LLC increased its stake in shares of MYT Netherlands Parent B.V. by 5.4% in the fourth quarter. Portolan Capital Management LLC now owns 1,903,285 shares of the company's stock worth $13,513,000 after purchasing an additional 97,527 shares during the period. Woodson Capital Management LP acquired a new position in shares of MYT Netherlands Parent B.V. during the 4th quarter worth about $11,906,000. CastleKnight Management LP lifted its position in shares of MYT Netherlands Parent B.V. by 286.8% during the 4th quarter. CastleKnight Management LP now owns 652,141 shares of the company's stock worth $4,630,000 after purchasing an additional 483,541 shares during the last quarter. Finally, MYDA Advisors LLC bought a new stake in MYT Netherlands Parent B.V. during the 4th quarter valued at approximately $1,598,000. 10.07% of the stock is currently owned by institutional investors and hedge funds.

MYT Netherlands Parent B.V. Stock Performance

Shares of NYSE:MYTE traded down $0.27 on Tuesday, hitting $9.01. 112,266 shares of the company were exchanged, compared to its average volume of 202,415. The company's 50 day moving average price is $7.98 and its two-hundred day moving average price is $8.25. The firm has a market capitalization of $772.15 million, a price-to-earnings ratio of -20.95 and a beta of 1.08. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.22 and a current ratio of 1.78. MYT Netherlands Parent B.V. has a one year low of $3.22 and a one year high of $12.50.

Wall Street Analysts Forecast Growth

Separately, TD Cowen upgraded MYT Netherlands Parent B.V. from a "hold" rating to a "buy" rating and upped their price target for the stock from $13.00 to $14.00 in a report on Monday, March 3rd.

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.