LuxExperience B.V. (NYSE:LUXE) CEO Michael Kliger Sells 58,714 Shares of Stock

LuxExperience B.V. – Sponsored ADR (NYSE:LUXE) CEO Michael Kliger sold 58,714 shares of LuxExperience B.V. stock in a transaction that occurred on Thursday, October 8th. The shares were sold at an average price of $10.36, for a total transaction of $608,277.04. Following the sale, the chief executive officer owned 58,714 shares of the company’s stock, valued at approximately $608,277.04. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• 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 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 stock was 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. Price Performance

LUXE stock traded down $0.23 during midday trading on Tuesday, hitting $9.72. 96,611 shares of the stock were exchanged, compared to its average volume of 400,685. The stock’s 50-day moving average price is $8.47 and its 200-day moving average price is $8.14. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.79 and a current ratio of 2.20. LuxExperience B.V. – Sponsored ADR has a fifty-two week low of $6.54 and a fifty-two week high of $11.38.

Analyst Ratings Changes

LUXE has been the subject of a number of research analyst reports. Sanford C. Bernstein began coverage on LuxExperience B.V. in a research report on Tuesday, October 6th. They issued an “outperform” rating and a $12.90 price target for the company. Zacks Research lowered shares of LuxExperience B.V. from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 16th. Weiss Ratings upgraded shares of LuxExperience B.V. from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday. B. Riley Financial increased their price objective on shares of LuxExperience B.V. from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Thursday, September 17th. Finally, TD Cowen increased their price target on shares of LuxExperience B.V. from $9.00 to $11.00 and gave the company a “buy” rating in a research report on Thursday, September 24th. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $11.18.

Hedge Funds Weigh In On LuxExperience B.V.

A number of institutional investors have recently made changes to their positions in the stock. DJE Kapital AG purchased a new stake in LuxExperience B.V. during the 1st quarter worth about $6,119,000. Stoic Point Capital Management LLC raised its stake in LuxExperience B.V. by 58.8% in 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 2nd quarter valued at about $2,560,000. Capricorn Fund Managers Ltd lifted its holdings in LuxExperience B.V. by 35.5% in the 1st quarter. Capricorn Fund Managers Ltd now owns 1,023,172 shares of the company’s stock valued at $8,155,000 after purchasing an additional 268,263 shares in the last quarter. Finally, Luxor Capital Group LP lifted its holdings in LuxExperience B.V. by 11.9% in the 1st quarter. Luxor Capital Group LP now owns 920,435 shares of the company’s stock valued at $7,363,000 after purchasing an additional 98,200 shares in the last quarter. 10.07% of the stock is owned by institutional investors and hedge funds.

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.