LuxExperience B.V. (NYSE:LUXE) CEO Michael Kliger Sells 48,788 Shares of Stock

LuxExperience B.V. – Sponsored ADR (NYSE:LUXE) CEO Michael Kliger sold 48,788 shares of the business’s stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $10.03, for a total transaction of $489,343.64. Following the completion of the transaction, the chief executive officer owned 26,021 shares of the company’s stock, valued at $260,990.63. This represents a 65.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Michael Kliger also recently made the following trade(s):

• On Monday, October 12th, Michael Kliger sold 8,460 shares of LuxExperience B.V. stock. The shares were sold at an average price of $10.08, for a total value of $85,276.80.
• On Tuesday, October 13th, Michael Kliger sold 814 shares of LuxExperience B.V. stock. The shares were 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 value 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 value 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 stock was 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 shares were 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. Stock Up 1.1%

Shares of NYSE:LUXE opened at $10.17 on Friday. LuxExperience B.V. – Sponsored ADR has a 52 week low of $6.54 and a 52 week high of $11.38. 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 company has a 50 day moving average price of $9.13 and a two-hundred day moving average price of $8.42. The company has a market capitalization of $871.83 million, a PE ratio of -7.11 and a beta of 1.06.

Hedge Funds Weigh In On LuxExperience B.V.

Several large investors have recently modified their holdings of the business. Solas Capital Management LLC purchased a new position in LuxExperience B.V. during the 2nd quarter valued at about $2,560,000. DJE Kapital AG purchased a new stake in LuxExperience B.V. in the 1st quarter worth about $6,119,000. Stoic Point Capital Management LLC grew 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 purchasing an additional 607,240 shares during the last quarter. Luxor Capital Group LP increased its stake 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 worth $7,363,000 after acquiring an additional 98,200 shares during the period. Finally, Sanctuary Advisors LLC purchased a new position in shares of LuxExperience B.V. in the first quarter valued at approximately $635,000. Institutional investors own 10.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on LUXE shares. Wall Street Zen raised LuxExperience B.V. from a “strong sell” rating to a “sell” rating in a research report on Saturday, September 19th. Zacks Research raised shares of LuxExperience B.V. from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 15th. B. Riley Financial upped their price target on LuxExperience B.V. from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Thursday, September 17th. Sanford C. Bernstein began coverage on LuxExperience B.V. in a report on Tuesday, October 6th. They issued an “outperform” rating and a $12.90 target price on the stock. Finally, Weiss Ratings upgraded LuxExperience B.V. from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $11.18.

LuxExperience B.V. Company Profile

LuxExperience B.V. is a global luxury e-commerce company that operates digital platforms serving fashion and lifestyle customers. The company’s portfolio includes Mytheresa, NET-A-PORTER, MR PORTER, YOOX and THE OUTNET, offering designer apparel, accessories, jewelry, watches, beauty products and related luxury goods.

Its platforms provide curated selections from luxury and premium brands, combining online retail with services such as editorial content, personalized shopping and customer support.