MYT Netherlands Parent B.V. (NYSE:MYTE) Shares Down 4.8% - Time to Sell?

Key Points

• MYT Netherlands Parent B.V. (NYSE:MYTE) saw a share price decline of 4.8%, closing at $7.94 after trading as low as $7.77.
• Institutional investors recently increased their holdings in MYTE, with major acquisitions including a $256,000 stake from Walleye Capital LLC and a $1.6 million investment from MYDA Advisors LLC.
• The company operates a luxury e-commerce platform, offering a range of fashion products through its subsidiary, Mytheresa Group GmbH, targeting consumers in Germany, the U.S., and internationally.

MYT Netherlands Parent B.V. (NYSE:MYTE - Get Free Report)'s stock price traded down 4.8% on Friday . The company traded as low as $7.77 and last traded at $7.94. 296,216 shares changed hands during mid-day trading, an increase of 28% from the average session volume of 230,894 shares. The stock had previously closed at $8.34.

MYT Netherlands Parent B.V. Price Performance

The stock has a market cap of $689.02 million, a price-to-earnings ratio of -18.70 and a beta of 1.08. The stock's 50 day moving average price is $8.12 and its two-hundred day moving average price is $8.63. The company has a quick ratio of 0.22, a current ratio of 1.78 and a debt-to-equity ratio of 0.09.

Hedge Funds Weigh In On MYT Netherlands Parent B.V.

Several institutional investors have recently made changes to their positions in the company. Bank of America Corp DE grew its position in MYT Netherlands Parent B.V. by 9,153.3% during the fourth quarter. Bank of America Corp DE now owns 4,164 shares of the company's stock valued at $30,000 after buying an additional 4,119 shares during the period. GAMMA Investing LLC acquired a new stake in MYT Netherlands Parent B.V. during the first quarter valued at $47,000. JPMorgan Chase & Co. acquired a new stake in MYT Netherlands Parent B.V. during the fourth quarter valued at $80,000. XTX Topco Ltd acquired a new stake in MYT Netherlands Parent B.V. during the fourth quarter valued at $96,000. Finally, BNP Paribas Financial Markets acquired a new stake in MYT Netherlands Parent B.V. during the fourth quarter valued at $106,000. 10.07% of the stock is owned by hedge funds and other institutional investors.

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.