LuxExperience B.V. (NYSE:LUXE) CEO Sells $755,628.24 in Stock

LuxExperience B.V. – Sponsored ADR (NYSE:LUXE) CEO Michael Kliger sold 75,412 shares of the firm’s stock in a transaction that occurred on Friday, September 18th. The stock was sold at an average price of $10.02, for a total value of $755,628.24. Following the transaction, the chief executive officer owned 75,412 shares in the company, valued at approximately $755,628.24. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

LuxExperience B.V. Price Performance

Shares of LuxExperience B.V. stock opened at $9.15 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.20 and a quick ratio of 0.79. LuxExperience B.V. – Sponsored ADR has a one year low of $6.54 and a one year high of $11.38. The business’s 50 day simple moving average is $8.05 and its two-hundred day simple moving average is $8.00. The stock has a market capitalization of $784.33 million, a P/E ratio of -6.40 and a beta of 1.06.

Institutional Trading of LuxExperience B.V.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Larson Financial Group LLC purchased a new position in LuxExperience B.V. during the 4th quarter valued at $52,000. Americana Partners LLC purchased a new stake in shares of LuxExperience B.V. in the 4th quarter worth about $127,000. Bank of America Corp DE lifted its position in shares of 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 worth $136,000 after purchasing an additional 16,341 shares during the period. Engineers Gate Manager LP boosted its stake in shares of LuxExperience B.V. by 212.2% during the 2nd quarter. Engineers Gate Manager LP now owns 65,245 shares of the company’s stock valued at $485,000 after purchasing an additional 44,345 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in shares of LuxExperience B.V. during the 1st quarter valued at about $635,000. Hedge funds and other institutional investors own 10.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. upped their price target on shares of LuxExperience B.V. from $9.00 to $10.00 and gave the company a “neutral” rating in a 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. Weiss Ratings raised shares of LuxExperience B.V. from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, September 11th. Wall Street Zen upgraded shares of LuxExperience B.V. from a “strong sell” rating to a “sell” rating in a report on Saturday, September 19th. Finally, TD Cowen raised their target price on LuxExperience B.V. from $9.00 to $11.00 and gave the stock a “buy” rating in a research note on Thursday. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $10.75.

LuxExperience B.V. Company Profile

LuxExperience B.V. is a global luxury e-commerce company operating digital platforms that connect consumers with premium fashion, accessories, beauty products and lifestyle goods. Its portfolio includes Mytheresa, NET-A-PORTER, MR PORTER, YOOX and THE OUTNET, offering products from a broad range of established luxury and designer brands.

The company serves customers internationally through localized websites and mobile experiences, providing online shopping, curated product selection, editorial content, customer service and related digital retail services.