Key Points
- CEO Michael Kliger sold 119,263 LuxExperience shares for approximately $1.20 million at an average price of $10.04, reducing his direct position by 50%. He has also reported several other stock sales recently.
- LUXE shares opened at $10.46, up 1.6%, with a market capitalization of roughly $896.8 million. The stock has traded between $6.54 and $11.38 over the past year.
- Analyst views remain mixed: the company has a consensus “Hold” rating and an average price target of $11.18, while institutional investors own about 10.07% of the stock.
LuxExperience B.V. - Sponsored ADR (NYSE:LUXE - Get Free Report) CEO Michael Kliger sold 65,279 shares of the stock in a transaction on Wednesday, October 7th. The stock was sold at an average price of $10.03, for a total transaction of $654,748.37. Following the transaction, the chief executive officer owned 119,263 shares of the company's stock, valued at $1,196,207.89. The trade was a 35.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Michael Kliger also recently made the following trade(s):
- On Tuesday, October 6th, Michael Kliger sold 119,263 shares of LuxExperience B.V. stock. The shares were sold at an average price of $10.04, for a total transaction of $1,197,400.52.
- 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 stock was 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 value of $755,628.24.
LuxExperience B.V. Price Performance
NYSE:LUXE opened at $10.46 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.79 and a current ratio of 2.20. The stock's 50-day simple moving average is $8.39 and its 200 day simple moving average is $8.11. The company has a market cap of $896.84 million, a P/E ratio of -7.32 and a beta of 1.02. LuxExperience B.V. - Sponsored ADR has a 52-week low of $6.54 and a 52-week high of $11.38.
Hedge Funds Weigh In On LuxExperience B.V.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Stoic Point Capital Management LLC increased its position in LuxExperience B.V. by 58.8% during the first quarter. Stoic Point Capital Management LLC now owns 1,640,509 shares of the company's stock worth $13,124,000 after buying an additional 607,240 shares during the last quarter. Nixon Capital LLC bought a new stake in LuxExperience B.V. in the fourth quarter valued at approximately $10,711,000. Capricorn Fund Managers Ltd lifted its position in shares of LuxExperience B.V. by 35.5% in the first quarter. Capricorn Fund Managers Ltd now owns 1,023,172 shares of the company's stock valued at $8,155,000 after buying an additional 268,263 shares during the last quarter. Luxor Capital Group LP lifted its position in shares of LuxExperience B.V. by 11.9% in the first quarter. Luxor Capital Group LP now owns 920,435 shares of the company's stock valued at $7,363,000 after buying an additional 98,200 shares during the last quarter. Finally, DJE Kapital AG bought a new position in shares of LuxExperience B.V. during the 1st quarter worth approximately $6,119,000. Institutional investors own 10.07% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on LUXE shares. Sanford C. Bernstein assumed coverage on LuxExperience B.V. in a research note on Tuesday. They issued an "outperform" rating and a $12.90 price target for the company. Weiss Ratings cut LuxExperience B.V. from a "hold (c)" rating to a "sell (d+)" rating in a research note on Friday, September 25th. Wall Street Zen raised LuxExperience B.V. from a "strong sell" rating to a "sell" rating in a report on Saturday, September 19th. B. Riley Financial raised their target price 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, JPMorgan Chase & Co. boosted their target price on shares of 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 issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $11.18.
View Our Latest Stock Analysis on LuxExperience B.V.
About LuxExperience B.V.
(
Get Free Report)
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.
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