LuxExperience B.V. (NYSE:LUXE) CEO Sells $739,972.80 in Stock

LuxExperience B.V. – Sponsored ADR (NYSE:LUXE) CEO Michael Kliger sold 73,410 shares of the business’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $10.08, for a total transaction of $739,972.80. Following the transaction, the chief executive officer owned 73,410 shares in the company, valued at approximately $739,972.80. The trade was a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Friday, October 2nd, Michael Kliger sold 2,598 shares of LuxExperience B.V. stock. The stock was sold at an average price of $10.08, for a total value of $26,187.84.
• On Friday, September 18th, Michael Kliger sold 75,412 shares of LuxExperience B.V. stock. The shares were sold at an average price of $10.02, for a total value of $755,628.24.

LuxExperience B.V. Price Performance

Shares of LUXE stock opened at $10.34 on Thursday. The stock has a 50 day moving average of $8.34 and a two-hundred day moving average of $8.09. The company has a current ratio of 2.20, a quick ratio of 0.79 and a debt-to-equity ratio of 0.12. LuxExperience B.V. – Sponsored ADR has a 12 month low of $6.54 and a 12 month high of $11.38. The company has a market capitalization of $885.71 million, a P/E ratio of -7.23 and a beta of 1.02.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. JPMorgan Chase & Co. raised their target price on LuxExperience B.V. from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Thursday, September 17th. Zacks Research lowered shares of LuxExperience B.V. from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 16th. TD Cowen increased their price objective on shares of LuxExperience B.V. from $9.00 to $11.00 and gave the company a “buy” rating in a research note on Thursday, September 24th. Weiss Ratings downgraded shares of LuxExperience B.V. from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, September 25th. Finally, Sanford C. Bernstein initiated coverage on shares of LuxExperience B.V. in a research report on Tuesday. They set an “outperform” rating and a $12.90 target price on the stock. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $11.18.

Hedge Funds Weigh In On LuxExperience B.V.

Several hedge funds and other institutional investors have recently modified their holdings of LUXE. Nixon Capital LLC bought a new stake in shares of LuxExperience B.V. in the 4th quarter worth about $10,711,000. DJE Kapital AG bought a new position in LuxExperience B.V. during the 1st quarter valued at about $6,119,000. Stoic Point Capital Management LLC lifted its holdings in LuxExperience B.V. by 58.8% during the 1st quarter. Stoic Point Capital Management LLC now owns 1,640,509 shares of the company’s stock valued at $13,124,000 after purchasing an additional 607,240 shares during the last quarter. Solas Capital Management LLC acquired a new position in LuxExperience B.V. in the second quarter valued at about $2,560,000. Finally, Capricorn Fund Managers Ltd boosted its position in LuxExperience B.V. by 35.5% in the first quarter. Capricorn Fund Managers Ltd now owns 1,023,172 shares of the company’s stock valued at $8,155,000 after buying an additional 268,263 shares in the last quarter. Institutional investors own 10.07% of the company’s stock.

About LuxExperience B.V.

LuxExperience B.V. is a Netherlands-based travel and experiences company focused on luxury and premium leisure offerings. The company operates digital platforms that connect travelers with hotels, resorts, tours, cruises and other curated vacation experiences.

Its services are designed to support the planning and booking of leisure travel, with offerings that may include accommodations, packaged holidays and destination experiences. LuxExperience serves customers in international markets through its online travel businesses and related consumer brands.

The company is headquartered in Amsterdam, the Netherlands.