Key Points
- CEO Michael Kliger sold 8,460 LUXE shares at an average price of $10.08, generating $85,276.80 and reducing his direct ownership by 50% to 8,460 shares.
- Kliger has made several additional sales since September 18, totaling hundreds of thousands of shares and more than $4 million in proceeds.
- LUXE opened at $9.55, while analysts maintain a consensus “Hold” rating and an average price target of $11.18; institutional investors own 10.07% of the stock.
LuxExperience B.V. - Sponsored ADR (NYSE:LUXE - Get Free Report) CEO Michael Kliger sold 8,460 shares of the company's stock in a transaction on Monday, October 12th. The shares were sold at an average price of $10.08, for a total transaction of $85,276.80. Following the completion of the sale, the chief executive officer directly owned 8,460 shares in the company, valued at approximately $85,276.80. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Michael Kliger also recently made the following trade(s):
- On Tuesday, October 13th, Michael Kliger sold 814 shares of LuxExperience B.V. stock. The stock was sold at an average price of $10.00, for a total transaction of $8,140.00.
- On Friday, October 9th, Michael Kliger sold 13,911 shares of LuxExperience B.V. stock. The stock was sold at an average price of $10.24, for a total transaction of $142,448.64.
- 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 shares were 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 value of $739,972.80.
- On Friday, September 18th, Michael Kliger sold 75,412 shares of LuxExperience B.V. stock. The stock was sold at an average price of $10.02, for a total value of $755,628.24.
LuxExperience B.V. Stock Performance
LUXE stock opened at $9.55 on Friday. The stock has a 50-day moving average price of $8.54 and a 200-day moving average price of $8.17. LuxExperience B.V. - Sponsored ADR has a 1-year low of $6.54 and a 1-year 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 market cap of $818.35 million, a PE ratio of -6.68 and a beta of 1.02.
Institutional Trading of LuxExperience B.V.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Stoic Point Capital Management LLC grew its holdings 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 in the last quarter. Capricorn Fund Managers Ltd raised its position in LuxExperience B.V. by 35.5% in the 1st 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 raised its position in LuxExperience B.V. by 11.9% in the 1st 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. DJE Kapital AG bought a new position in LuxExperience B.V. during the 1st quarter valued at $6,119,000. Finally, Zweig DiMenna Associates LLC lifted its stake in LuxExperience B.V. by 15.2% during the 1st quarter. Zweig DiMenna Associates LLC now owns 590,000 shares of the company's stock valued at $4,720,000 after acquiring an additional 78,000 shares in the last quarter. 10.07% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on the company. TD Cowen upped their target price on LuxExperience B.V. from $9.00 to $11.00 and gave the company a "buy" rating in a research report on Thursday, September 24th. Zacks Research downgraded LuxExperience B.V. from a "hold" rating to a "strong sell" rating in a report on Wednesday, September 16th. JPMorgan Chase & Co. boosted their price target on LuxExperience B.V. from $9.00 to $10.00 and gave the company a "neutral" rating in a research note on Thursday, September 17th. Wall Street Zen upgraded shares of LuxExperience B.V. from a "strong sell" rating to a "sell" rating in a report on Saturday, September 19th. Finally, B. Riley Financial lifted their price target 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. Three equities research 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, the company presently has a consensus rating of "Hold" and a consensus price target of $11.18.
Read Our Latest Research Report on LuxExperience B.V.
LuxExperience B.V. Company Profile
(
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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