Sylebra Capital LLC Increases Stock Position in MYT Netherlands Parent B.V. (NYSE:MYTE)

Sylebra Capital LLC boosted its holdings in shares of MYT Netherlands Parent B.V. (NYSE:MYTE - Free Report) by 1.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,937,022 shares of the company's stock after buying an additional 41,624 shares during the quarter. MYT Netherlands Parent B.V. accounts for 0.8% of Sylebra Capital LLC's investment portfolio, making the stock its 21st largest position. Sylebra Capital LLC owned approximately 4.62% of MYT Netherlands Parent B.V. worth $27,953,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. DJE Kapital AG acquired a new stake in shares of MYT Netherlands Parent B.V. in the 4th quarter valued at $15,667,000. Portolan Capital Management LLC raised its stake in MYT Netherlands Parent B.V. by 5.4% during the 4th quarter. Portolan Capital Management LLC now owns 1,903,285 shares of the company's stock worth $13,513,000 after acquiring an additional 97,527 shares in the last quarter. Woodson Capital Management LP acquired a new stake in MYT Netherlands Parent B.V. during the 4th quarter worth $11,906,000. CastleKnight Management LP raised its stake in 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 acquiring an additional 483,541 shares in the last quarter. Finally, MYDA Advisors LLC acquired a new stake in MYT Netherlands Parent B.V. during the 4th quarter worth $1,598,000. 10.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

MYT Netherlands Parent B.V. Trading Up 8.5%

MYTE stock traded up $0.77 during midday trading on Wednesday, hitting $9.78. The stock had a trading volume of 193,328 shares, compared to its average volume of 202,415. The firm has a market cap of $838.14 million, a PE ratio of -22.74 and a beta of 1.08. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.78 and a quick ratio of 0.22. MYT Netherlands Parent B.V. has a 12-month low of $3.22 and a 12-month high of $12.50. The company's 50-day moving average price is $8.00 and its 200 day moving average price is $8.26.

MYT Netherlands Parent B.V. 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.