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Sylebra Capital Ltd grew its stake in MYT Netherlands Parent B.V. (NYSE:MYTE – Get Rating) by 3.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,888,808 shares of the company’s stock after buying an additional 145,030 shares during the quarter. MYT Netherlands Parent B.V. accounts for approximately 2.0% of Sylebra Capital Ltd’s portfolio, making the stock its 14th biggest position. Sylebra Capital Ltd owned approximately 4.59% of MYT Netherlands Parent B.V. worth $34,649,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Millennium Management LLC boosted its stake in shares of MYT Netherlands Parent B.V. by 46.3% in the 4th quarter. Millennium Management LLC now owns 72,560 shares of the company’s stock valued at $647,000 after buying an additional 22,963 shares during the period. Two Sigma Investments LP purchased a new position in shares of MYT Netherlands Parent B.V. in the 4th quarter valued at about $242,000. Renaissance Technologies LLC purchased a new position in shares of MYT Netherlands Parent B.V. in the 4th quarter valued at about $179,000. JPMorgan Chase & Co. boosted its stake in shares of MYT Netherlands Parent B.V. by 2,991.5% in the 4th quarter. JPMorgan Chase & Co. now owns 63,253 shares of the company’s stock valued at $563,000 after buying an additional 61,207 shares during the period. Finally, Lord Abbett & CO. LLC boosted its stake in shares of MYT Netherlands Parent B.V. by 4.1% in the 4th quarter. Lord Abbett & CO. LLC now owns 137,680 shares of the company’s stock valued at $1,227,000 after buying an additional 5,387 shares during the period. Hedge funds and other institutional investors own 21.84% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on MYTE shares. UBS Group decreased their price objective on MYT Netherlands Parent B.V. from $14.00 to $10.00 and set a “buy” rating for the company in a research note on Thursday, April 6th. Morgan Stanley cut their target price on MYT Netherlands Parent B.V. from $9.00 to $6.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 20th. Jefferies Financial Group lowered MYT Netherlands Parent B.V. from a “buy” rating to a “hold” rating and cut their target price for the stock from $19.00 to $4.00 in a research report on Wednesday. JPMorgan Chase & Co. lowered MYT Netherlands Parent B.V. from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $9.00 to $7.00 in a research report on Wednesday, April 19th. Finally, Societe Generale lowered MYT Netherlands Parent B.V. from a “buy” rating to a “hold” rating and set a $7.00 target price on the stock. in a research report on Thursday, April 20th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, MYT Netherlands Parent B.V. currently has a consensus rating of “Hold” and an average price target of $10.00.
MYT Netherlands Parent B.V. Trading Down 5.9 %
MYTE opened at $3.83 on Thursday. The firm has a market cap of $325.09 million, a price-to-earnings ratio of -42.56 and a beta of 1.05. MYT Netherlands Parent B.V. has a 52 week low of $3.75 and a 52 week high of $15.90. The business’s 50 day moving average is $4.87 and its two-hundred day moving average is $7.65. The company has a quick ratio of 0.45, a current ratio of 2.84 and a debt-to-equity ratio of 0.11.
MYT Netherlands Parent B.V. (NYSE:MYTE – Get Rating) last released its earnings results on Wednesday, May 10th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.09). The company had revenue of $213.37 million during the quarter, compared to analyst estimates of $236.00 million. MYT Netherlands Parent B.V. had a negative net margin of 1.05% and a positive return on equity of 5.34%. On average, research analysts predict that MYT Netherlands Parent B.V. will post 0.23 EPS for the current year.
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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