LuxExperience B.V. (NYSE:LUXE) CEO Sells $489,343.64 in Stock

LuxExperience B.V. – Sponsored ADR (NYSE:LUXE) CEO Michael Kliger sold 48,788 shares of LuxExperience B.V. stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $10.03, for a total transaction of $489,343.64. Following the sale, the chief executive officer directly owned 26,021 shares in the company, valued at approximately $260,990.63. The trade was a 65.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Michael Kliger also recently made the following trade(s):

• On Monday, October 12th, Michael Kliger sold 8,460 shares of LuxExperience B.V. stock. The shares were sold at an average price of $10.08, for a total value of $85,276.80.
• On Tuesday, October 13th, Michael Kliger sold 814 shares of LuxExperience B.V. stock. The stock was sold at an average price of $10.00, for a total value of $8,140.00.
• On Friday, October 9th, Michael Kliger sold 13,911 shares of LuxExperience B.V. stock. The stock was sold at an average price of $10.24, for a total value of $142,448.64.
• On Thursday, October 8th, Michael Kliger sold 58,714 shares of LuxExperience B.V. stock. The stock was sold at an average price of $10.36, for a total value of $608,277.04.
• On Tuesday, October 6th, Michael Kliger sold 119,263 shares of LuxExperience B.V. stock. The stock was sold at an average price of $10.04, for a total value of $1,197,400.52.
• On Wednesday, October 7th, Michael Kliger sold 65,279 shares of LuxExperience B.V. stock. The shares were sold at an average price of $10.03, for a total value of $654,748.37.
• On Friday, October 2nd, Michael Kliger sold 2,598 shares of LuxExperience B.V. stock. The shares were sold at an average price of $10.08, for a total value of $26,187.84.
• On Thursday, October 1st, Michael Kliger sold 73,410 shares of LuxExperience B.V. stock. The shares were sold at an average price of $10.08, for a total value of $739,972.80.
• On Friday, September 18th, Michael Kliger sold 75,412 shares of LuxExperience B.V. stock. The stock was sold at an average price of $10.02, for a total value of $755,628.24.

LuxExperience B.V. Trading Up 1.1%

Shares of NYSE LUXE traded up $0.11 during mid-day trading on Friday, reaching $10.17. 178,977 shares of the company’s stock were exchanged, compared to its average volume of 239,856. The company’s 50-day moving average is $9.08 and its 200-day moving average is $8.41. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.79 and a current ratio of 2.20. The firm has a market capitalization of $871.83 million, a price-to-earnings ratio of -7.11 and a beta of 1.06. LuxExperience B.V. – Sponsored ADR has a 52-week low of $6.54 and a 52-week high of $11.38.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on LUXE. JPMorgan Chase & Co. increased their target price on shares of LuxExperience B.V. from $9.00 to $10.00 and gave the stock a “neutral” rating in a research note on Thursday, September 17th. Wall Street Zen raised shares of LuxExperience B.V. from a “strong sell” rating to a “sell” rating in a research note on Saturday, September 19th. Weiss Ratings upgraded shares of LuxExperience B.V. from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, October 9th. B. Riley Financial increased their price objective on shares of LuxExperience B.V. from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Thursday, September 17th. Finally, TD Cowen initiated coverage on shares of LuxExperience B.V. in a research report on Friday, October 30th. They set a “strong-buy” rating for the company. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $11.18.

Hedge Funds Weigh In On LuxExperience B.V.

Hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in LuxExperience B.V. by 59.3% during the 3rd quarter. GAMMA Investing LLC now owns 4,194 shares of the company’s stock valued at $42,000 after acquiring an additional 1,561 shares during the period. Bank of America Corp DE grew its position in LuxExperience B.V. by 2,291.9% in the 1st quarter. Bank of America Corp DE now owns 17,054 shares of the company’s stock valued at $136,000 after acquiring an additional 16,341 shares in the last quarter. R Squared Ltd purchased a new stake in LuxExperience B.V. during the third quarter worth about $187,000. Engineers Gate Manager LP increased its stake in LuxExperience B.V. by 212.2% during the second quarter. Engineers Gate Manager LP now owns 65,245 shares of the company’s stock worth $485,000 after purchasing an additional 44,345 shares during the period. Finally, Sanctuary Advisors LLC acquired a new stake in shares of LuxExperience B.V. during the first quarter worth about $635,000. Institutional investors and hedge funds own 10.07% of the company’s stock.

LuxExperience B.V. Company Profile

LuxExperience B.V. is a global luxury e-commerce company that operates digital platforms serving fashion and lifestyle customers. The company’s portfolio includes Mytheresa, NET-A-PORTER, MR PORTER, YOOX and THE OUTNET, offering designer apparel, accessories, jewelry, watches, beauty products and related luxury goods.

Its platforms provide curated selections from luxury and premium brands, combining online retail with services such as editorial content, personalized shopping and customer support.