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

Sylebra Capital LLC grew its holdings in shares of MYT Netherlands Parent B.V. (NYSE:MYTE - Free Report) by 1.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,937,022 shares of the company's stock after acquiring an additional 41,624 shares during the quarter. MYT Netherlands Parent B.V. accounts for approximately 1.0% of Sylebra Capital LLC's holdings, making the stock its 18th biggest holding. Sylebra Capital LLC owned approximately 4.62% of MYT Netherlands Parent B.V. worth $27,953,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Bank of America Corp DE increased its stake in shares of MYT Netherlands Parent B.V. by 9,153.3% in the fourth quarter. Bank of America Corp DE now owns 4,164 shares of the company's stock worth $30,000 after buying an additional 4,119 shares during the period. JPMorgan Chase & Co. bought a new stake in shares of MYT Netherlands Parent B.V. during the 4th quarter valued at $80,000. XTX Topco Ltd bought a new position in MYT Netherlands Parent B.V. in the 4th quarter worth about $96,000. BNP Paribas Financial Markets bought a new position in MYT Netherlands Parent B.V. in the 4th quarter worth about $106,000. Finally, Coronation Fund Managers Ltd. bought a new position in MYT Netherlands Parent B.V. in the 4th quarter worth about $124,000. 10.07% of the stock is owned by hedge funds and other institutional investors.

MYT Netherlands Parent B.V. Trading Down 0.4%

MYTE stock traded down $0.04 during midday trading on Friday, reaching $9.35. The company's stock had a trading volume of 68,415 shares, compared to its average volume of 204,409. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.22 and a current ratio of 1.78. The stock has a fifty day simple moving average of $8.09 and a two-hundred day simple moving average of $8.31. MYT Netherlands Parent B.V. has a 1 year low of $3.22 and a 1 year high of $12.50. The firm has a market capitalization of $801.29 million, a price-to-earnings ratio of -21.74 and a beta of 1.08.

Analysts Set New Price Targets

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

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.