LuxExperience B.V. (NYSE:LUXE) Stock: Insider Michael Kliger Sells 48,788 Shares

LuxExperience B.V. – Sponsored ADR (NYSE:LUXE) CEO Michael Kliger sold 48,788 shares of the business’s stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $10.03, for a total value of $489,343.64. Following the sale, the chief executive officer owned 26,021 shares of the company’s stock, valued at approximately $260,990.63. This trade represents a 65.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

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

• On Monday, October 12th, Michael Kliger sold 8,460 shares of LuxExperience B.V. stock. The shares were sold at an average price of $10.08, for a total value of $85,276.80.
• On Tuesday, October 13th, Michael Kliger sold 814 shares of LuxExperience B.V. stock. The shares were sold at an average price of $10.00, for a total value of $8,140.00.
• On Friday, October 9th, Michael Kliger sold 13,911 shares of LuxExperience B.V. stock. The shares were sold at an average price of $10.24, for a total value of $142,448.64.
• On Thursday, October 8th, Michael Kliger sold 58,714 shares of LuxExperience B.V. stock. The stock was sold at an average price of $10.36, for a total value of $608,277.04.
• 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 shares were sold at an average price of $10.02, for a total value of $755,628.24.

LuxExperience B.V. Price Performance

LUXE traded up $0.11 on Friday, hitting $10.17. 178,977 shares of the company’s stock were exchanged, compared to its average volume of 239,856. 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 current ratio of 2.20, a quick ratio of 0.79 and a debt-to-equity ratio of 0.12. The firm has a 50-day moving average price of $9.08 and a 200-day moving average price of $8.41. The stock has a market cap of $871.83 million, a price-to-earnings ratio of -7.11 and a beta of 1.06.

Institutional Trading of LuxExperience B.V.

Large investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted 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 last quarter. Royal Bank of Canada grew its holdings in shares of LuxExperience B.V. by 12.0% in the first 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 during the period. Bank of America Corp DE grew its holdings in shares of LuxExperience B.V. by 2,291.9% in the first quarter. Bank of America Corp DE now owns 17,054 shares of the company’s stock valued at $136,000 after purchasing an additional 16,341 shares during the period. R Squared Ltd acquired a new stake in LuxExperience B.V. during the third quarter worth about $187,000. Finally, Engineers Gate Manager LP increased 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 during the last quarter. 10.07% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. B. Riley Financial raised their price target on shares of LuxExperience B.V. from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Thursday, September 17th. Sanford C. Bernstein began coverage on shares of LuxExperience B.V. in a research note on Tuesday, October 6th. They set an “outperform” rating and a $12.90 price objective for the company. Zacks Research upgraded shares of LuxExperience B.V. from a “strong sell” rating to a “hold” rating in a report on Thursday, October 15th. JPMorgan Chase & Co. increased their price objective 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. Finally, Wall Street Zen raised shares of LuxExperience B.V. from a “strong sell” rating to a “sell” rating in a research note on Saturday, September 19th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, LuxExperience B.V. has a consensus rating of “Moderate Buy” and an average target price of $11.18.

LuxExperience B.V. Company Profile

LuxExperience B.V. is a global luxury e-commerce company that operates digital platforms serving fashion and lifestyle customers. The company’s portfolio includes Mytheresa, NET-A-PORTER, MR PORTER, YOOX and THE OUTNET, offering designer apparel, accessories, jewelry, watches, beauty products and related luxury goods.

Its platforms provide curated selections from luxury and premium brands, combining online retail with services such as editorial content, personalized shopping and customer support.