LuxExperience B.V. (NYSE:LUXE) CEO Michael Kliger Sells 119,263 Shares of Stock

LuxExperience B.V. – Sponsored ADR (NYSE:LUXE) CEO Michael Kliger sold 119,263 shares of the business’s stock in a transaction that occurred on Tuesday, October 6th. The shares were sold at an average price of $10.04, for a total value of $1,197,400.52. Following the completion of the sale, the chief executive officer owned 119,263 shares of the company’s stock, valued at approximately $1,197,400.52. This represents a 50.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• 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 stock was sold at an average price of $10.08, for a total transaction 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 transaction of $739,972.80.
• 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 transaction of $755,628.24.

LuxExperience B.V. Price Performance

Shares of LUXE opened at $10.46 on Friday. LuxExperience B.V. – Sponsored ADR has a fifty-two week low of $6.54 and a fifty-two week high of $11.38. The company has a market capitalization of $896.84 million, a price-to-earnings ratio of -7.32 and a beta of 1.02. The firm has a 50-day simple moving average of $8.39 and a 200-day simple moving average of $8.11. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.79 and a current ratio of 2.20.

Institutional Trading of LuxExperience B.V.

A number of institutional investors have recently added to or reduced their stakes in LUXE. GAMMA Investing LLC lifted its position in shares of 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. Royal Bank of Canada increased its stake in LuxExperience B.V. by 12.0% in the 1st quarter. Royal Bank of Canada now owns 127,621 shares of the company’s stock valued at $1,020,000 after purchasing an additional 13,664 shares in the last quarter. Bank of America Corp DE raised its holdings in LuxExperience B.V. by 2,291.9% during the first 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 last quarter. Engineers Gate Manager LP boosted its position 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 in the last quarter. Finally, Zweig DiMenna Associates LLC grew its holdings in LuxExperience B.V. by 15.2% in the first quarter. Zweig DiMenna Associates LLC now owns 590,000 shares of the company’s stock valued at $4,720,000 after purchasing an additional 78,000 shares during the last quarter. Hedge funds and other institutional investors own 10.07% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Sanford C. Bernstein started coverage on LuxExperience B.V. in a research report on Tuesday. They set an “outperform” rating and a $12.90 price objective for the company. Wall Street Zen raised LuxExperience B.V. from a “strong sell” rating to a “sell” rating in a report on Saturday, September 19th. Weiss Ratings lowered LuxExperience B.V. from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, September 25th. Zacks Research cut LuxExperience B.V. from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 16th. Finally, JPMorgan Chase & Co. increased their price target on LuxExperience B.V. from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Thursday, September 17th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $11.18.

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.