Key Points
- CEO Michael Kliger sold 75,412 LuxExperience shares at an average price of $10.02, generating $755,628.24 and reducing his position by 50%.
- LuxExperience shares were trading at $9.40, with a market capitalization of approximately $805.9 million and a 12-month range of $6.54 to $11.38.
- Analyst sentiment remains mixed, with a consensus “Hold” rating and a $10.25 price target; institutional investors own 10.07% of the company.
LuxExperience B.V. - Sponsored ADR (NYSE:LUXE - Get Free Report) CEO Michael Kliger sold 75,412 shares of LuxExperience B.V. stock in a transaction that occurred on Friday, September 18th. The shares were sold at an average price of $10.02, for a total value of $755,628.24. Following the transaction, the chief executive officer directly owned 75,412 shares in the company, valued at approximately $755,628.24. The trade was a 50.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
LuxExperience B.V. Trading Down 2.7%
Shares of LuxExperience B.V. stock opened at $9.40 on Wednesday. The company has a market capitalization of $805.92 million, a P/E ratio of -6.58 and a beta of 1.06. The stock has a fifty day simple moving average of $8.01 and a 200 day simple moving average of $8.01. LuxExperience B.V. - Sponsored ADR has a 12-month low of $6.54 and a 12-month 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.
Hedge Funds Weigh In On LuxExperience B.V.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Solas Capital Management LLC bought a new position in LuxExperience B.V. during the second quarter valued at about $2,560,000. Engineers Gate Manager LP raised its position in LuxExperience B.V. by 212.2% in the second quarter. Engineers Gate Manager LP now owns 65,245 shares of the company's stock worth $485,000 after acquiring an additional 44,345 shares during the period. Bank of America Corp DE raised its position in 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 worth $136,000 after acquiring an additional 16,341 shares during the period. Stoic Point Capital Management LLC boosted its stake in 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 valued at $13,124,000 after acquiring an additional 607,240 shares during the last quarter. Finally, Royal Bank of Canada boosted its stake in 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 acquiring an additional 13,664 shares during the last quarter. 10.07% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research firms have recently issued reports on LUXE. B. Riley Financial upped their target price 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. Wall Street Zen raised shares of LuxExperience B.V. from a "strong sell" rating to a "sell" rating in a research report on Saturday. Weiss Ratings upgraded shares of LuxExperience B.V. from a "hold (c-)" rating to a "hold (c)" rating in a research note on Friday, September 11th. Zacks Research cut shares of LuxExperience B.V. from a "hold" rating to a "strong sell" rating in a research report on Wednesday, September 16th. Finally, JPMorgan Chase & Co. boosted their target price on LuxExperience B.V. from $9.00 to $10.00 and gave the stock a "neutral" rating in a research note on Thursday, September 17th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $10.25.
View Our Latest Stock Analysis on LUXE
LuxExperience B.V. Company Profile
(
Get Free Report)
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.
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