LuxExperience B.V. (NYSE:LUXE) CEO Michael Kliger Sells 73,410 Shares of Company Stock

LuxExperience B.V. – Sponsored ADR (NYSE:LUXE) CEO Michael Kliger sold 73,410 shares of the business’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $10.08, for a total value of $739,972.80. Following the completion of the sale, the chief executive officer directly owned 73,410 shares of the company’s stock, valued at approximately $739,972.80. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• 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 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 Performance

NYSE:LUXE remained flat at $9.74 during midday trading on Monday. 141,966 shares of the company were exchanged, compared to its average volume of 384,696. The company has a quick ratio of 0.79, a current ratio of 2.20 and a debt-to-equity ratio of 0.12. LuxExperience B.V. – Sponsored ADR has a 12 month low of $6.54 and a 12 month high of $11.38. The firm has a 50-day moving average price of $8.24 and a 200-day moving average price of $8.05.

Analyst Ratings Changes

A number of brokerages have issued reports on LUXE. JPMorgan Chase & Co. upped their target price on LuxExperience B.V. from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Thursday, September 17th. TD Cowen upped their price objective on LuxExperience B.V. from $9.00 to $11.00 and gave the company a “buy” rating in a report on Thursday, September 24th. Zacks Research cut shares of LuxExperience B.V. from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 16th. Weiss Ratings cut LuxExperience B.V. from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, September 25th. Finally, B. Riley Financial raised their price objective 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. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $10.75.

Institutional Trading of LuxExperience B.V.

Several hedge funds and other institutional investors have recently bought and sold shares of LUXE. Nixon Capital LLC acquired a new position in shares of LuxExperience B.V. during the fourth quarter valued at $10,711,000. DJE Kapital AG acquired a new stake in LuxExperience B.V. in the first quarter worth $6,119,000. Stoic Point Capital Management LLC grew its stake in shares of LuxExperience B.V. by 58.8% in the 1st quarter. Stoic Point Capital Management LLC now owns 1,640,509 shares of the company’s stock worth $13,124,000 after acquiring an additional 607,240 shares in the last quarter. Solas Capital Management LLC purchased a new position in shares of LuxExperience B.V. during the 2nd quarter valued at $2,560,000. Finally, Capricorn Fund Managers Ltd grew its position in LuxExperience B.V. by 35.5% during the first quarter. Capricorn Fund Managers Ltd now owns 1,023,172 shares of the company’s stock worth $8,155,000 after buying an additional 268,263 shares in the last quarter. 10.07% of the stock is currently 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.