Insider Selling: LuxExperience B.V. (NYSE:LUXE) CEO Sells 65,279 Shares of Company Stock

LuxExperience B.V. – Sponsored ADR (NYSE:LUXE) CEO Michael Kliger sold 65,279 shares of the stock in a transaction that occurred on Wednesday, October 7th. The stock was sold at an average price of $10.03, for a total value of $654,748.37. Following the transaction, the chief executive officer owned 119,263 shares in the company, valued at $1,196,207.89. This represents a 35.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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 stock was sold at an average price of $10.04, for a total value of $1,197,400.52.
• 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 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 transaction of $755,628.24.

LuxExperience B.V. Price Performance

Shares of NYSE LUXE traded up $0.17 during trading on Thursday, hitting $10.46. The company had a trading volume of 218,041 shares, compared to its average volume of 248,594. 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 quick ratio of 0.79, a current ratio of 2.20 and a debt-to-equity ratio of 0.12. The stock has a fifty day simple moving average of $8.34 and a two-hundred day simple moving average of $8.09. The firm has a market capitalization of $896.85 million, a price-to-earnings ratio of -7.32 and a beta of 1.02.

Wall Street Analysts Forecast Growth

LUXE has been the topic of a number of research analyst reports. B. Riley Financial lifted their price target on LuxExperience B.V. from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Thursday, September 17th. Weiss Ratings cut shares of LuxExperience B.V. from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, September 25th. Sanford C. Bernstein assumed coverage on shares of LuxExperience B.V. in a research report on Tuesday. They set an “outperform” rating and a $12.90 price target on the stock. 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, TD Cowen boosted their target price on LuxExperience B.V. from $9.00 to $11.00 and gave the stock a “buy” rating in a report on Thursday, September 24th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $11.18.

Institutional Trading of LuxExperience B.V.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Stoic Point Capital Management LLC lifted its position 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 buying an additional 607,240 shares during the last quarter. Nixon Capital LLC acquired a new position in shares of LuxExperience B.V. in the 4th quarter worth approximately $10,711,000. Capricorn Fund Managers Ltd boosted its position in shares of LuxExperience B.V. by 35.5% during the 1st quarter. Capricorn Fund Managers Ltd now owns 1,023,172 shares of the company’s stock worth $8,155,000 after purchasing an additional 268,263 shares during the period. Luxor Capital Group LP boosted its position in shares of LuxExperience B.V. by 11.9% during the 1st quarter. Luxor Capital Group LP now owns 920,435 shares of the company’s stock worth $7,363,000 after purchasing an additional 98,200 shares during the period. Finally, DJE Kapital AG acquired a new stake in LuxExperience B.V. in the 1st quarter valued at approximately $6,119,000. 10.07% of the stock is owned by institutional investors and hedge funds.

LuxExperience B.V. Company Profile

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.