LuxExperience B.V. (NYSE:LUXE) CEO Sells 2,598 Shares of Company Stock

LuxExperience B.V. – Sponsored ADR (NYSE:LUXE) CEO Michael Kliger sold 2,598 shares of the firm’s stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $10.08, for a total transaction of $26,187.84. Following the completion of the sale, the chief executive officer directly owned 73,410 shares in the company, valued at $739,972.80. This represents a 3.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

• 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 transaction 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 transaction of $755,628.24.

LuxExperience B.V. Price Performance

NYSE:LUXE remained flat at $9.74 during trading hours on Monday. 141,966 shares of the company’s stock were exchanged, compared to its average volume of 384,696. The company has a current ratio of 2.20, a quick ratio of 0.79 and a debt-to-equity ratio of 0.12. The stock has a market cap of $834.72 million, a price-to-earnings ratio of -6.81 and a beta of 1.02. LuxExperience B.V. – Sponsored ADR has a 12 month low of $6.54 and a 12 month high of $11.38. The company’s 50-day moving average is $8.27 and its 200 day moving average is $8.06.

Wall Street Analysts Forecast Growth

LUXE has been the topic of several research reports. Weiss Ratings lowered LuxExperience B.V. from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, September 25th. Wall Street Zen raised LuxExperience B.V. from a “strong sell” rating to a “sell” rating in a research report on Saturday, September 19th. B. Riley Financial upped their price target on LuxExperience B.V. from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Thursday, September 17th. JPMorgan Chase & Co. raised their price objective on LuxExperience B.V. from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Thursday, September 17th. Finally, TD Cowen lifted their price objective on LuxExperience B.V. from $9.00 to $11.00 and gave the company a “buy” rating in a research note on Thursday, September 24th. Two 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $10.75.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of LUXE. Stoic Point Capital Management LLC boosted its position in shares of LuxExperience B.V. by 58.8% in the first quarter. Stoic Point Capital Management LLC now owns 1,640,509 shares of the company’s stock worth $13,124,000 after buying an additional 607,240 shares during the period. Nixon Capital LLC purchased a new stake in shares of LuxExperience B.V. during the 4th quarter valued at about $10,711,000. Capricorn Fund Managers Ltd lifted its position in LuxExperience B.V. by 35.5% during the 1st quarter. Capricorn Fund Managers Ltd now owns 1,023,172 shares of the company’s stock worth $8,155,000 after acquiring an additional 268,263 shares in the last quarter. Luxor Capital Group LP lifted its position in LuxExperience B.V. by 11.9% during the 1st quarter. Luxor Capital Group LP now owns 920,435 shares of the company’s stock worth $7,363,000 after acquiring an additional 98,200 shares in the last quarter. Finally, DJE Kapital AG purchased a new position in LuxExperience B.V. in the 1st quarter worth approximately $6,119,000. Institutional investors and hedge funds own 10.07% of the company’s stock.

LuxExperience B.V. Company Profile

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.