Key Points
- CEO Michael Kliger sold 58,714 LUXE shares at an average price of $10.36, generating $608,277 and reducing his direct ownership by 50%. He has also sold several additional blocks of shares since September 18.
- LuxExperience shares opened at $9.72 and were down 2.3%, with a market capitalization of approximately $833 million. The stock has traded between $6.54 and $11.38 over the past year.
- Analyst sentiment remains mixed: the stock has a consensus “Hold” rating and an average price target of $11.18, while institutional investors own about 10.07% of the company.
LuxExperience B.V. - Sponsored ADR (NYSE:LUXE - Get Free Report) CEO Michael Kliger sold 13,911 shares of the business's stock in a transaction dated Friday, October 9th. The stock was sold at an average price of $10.24, for a total transaction of $142,448.64. Following the transaction, the chief executive officer owned 58,714 shares in the company, valued at approximately $601,231.36. The trade was a 19.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Michael Kliger also recently made the following trade(s):
- On Thursday, October 8th, Michael Kliger sold 58,714 shares of LuxExperience B.V. stock. The shares were sold at an average price of $10.36, for a total transaction of $608,277.04.
- 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 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 transaction 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 value 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 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. Trading Down 2.3%
Shares of LUXE opened at $9.72 on Wednesday. The stock's 50-day moving average price is $8.49 and its 200 day moving average price is $8.15. The company has a quick ratio of 0.79, a current ratio of 2.20 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $833.00 million, a price-to-earnings ratio of -6.80 and a beta of 1.02. LuxExperience B.V. - Sponsored ADR has a 12-month low of $6.54 and a 12-month high of $11.38.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on the company. Zacks Research cut LuxExperience B.V. from a "hold" rating to a "strong sell" rating in a research report on Wednesday, September 16th. B. Riley Financial upped their target price on LuxExperience B.V. from $12.00 to $13.00 and gave the company a "buy" rating in a research note on Thursday, September 17th. JPMorgan Chase & Co. raised their target price on LuxExperience B.V. from $9.00 to $10.00 and gave the stock a "neutral" rating in a research report on Thursday, September 17th. Sanford C. Bernstein started coverage on LuxExperience B.V. in a research report on Tuesday, October 6th. They issued an "outperform" rating and a $12.90 target price for the company. Finally, TD Cowen lifted their price target on shares of LuxExperience B.V. from $9.00 to $11.00 and gave the stock a "buy" rating in a research note on Thursday, September 24th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $11.18.
Read Our Latest Stock Report on LUXE
Institutional Trading of LuxExperience B.V.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in LUXE. GAMMA Investing LLC raised its position in LuxExperience B.V. by 59.3% in the third quarter. GAMMA Investing LLC now owns 4,194 shares of the company's stock worth $42,000 after purchasing an additional 1,561 shares in the last quarter. Bank of America Corp DE lifted its stake 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 period. Engineers Gate Manager LP lifted its stake 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 period. Sanctuary Advisors LLC bought a new position in LuxExperience B.V. during the first quarter worth about $635,000. Finally, Royal Bank of Canada boosted its holdings in LuxExperience B.V. by 12.0% during 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 in the last quarter. Institutional investors own 10.07% of the company's stock.
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.
Further Reading
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