LuxExperience B.V. (NYSE:LUXE) CEO Sells $608,277.04 in Stock

LuxExperience B.V. – Sponsored ADR (NYSE:LUXE) CEO Michael Kliger sold 58,714 shares of the company’s stock in a transaction on Thursday, October 8th. The stock was sold at an average price of $10.36, for a total value of $608,277.04. Following the transaction, the chief executive officer directly owned 58,714 shares in the company, valued at $608,277.04. This represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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 stock was 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 value 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 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 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 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 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 transaction of $755,628.24.

LuxExperience B.V. Stock Up 2.6%

Shares of NYSE LUXE opened at $9.55 on Friday. The stock has a market capitalization of $818.35 million, a price-to-earnings ratio of -6.68 and a beta of 1.02. LuxExperience B.V. – Sponsored ADR has a 52 week low of $6.54 and a 52 week high of $11.38. The firm has a 50-day moving average price of $8.54 and a 200 day moving average price of $8.17. The company has a quick ratio of 0.79, a current ratio of 2.20 and a debt-to-equity ratio of 0.12.

Hedge Funds Weigh In On LuxExperience B.V.

Institutional investors have recently modified their holdings of the company. GAMMA Investing LLC increased its stake in shares of LuxExperience B.V. by 59.3% during the 3rd quarter. GAMMA Investing LLC now owns 4,194 shares of the company’s stock valued at $42,000 after acquiring an additional 1,561 shares during the last quarter. Solas Capital Management LLC purchased a new position in shares of LuxExperience B.V. during the 2nd quarter worth about $2,560,000. Engineers Gate Manager LP boosted its position in shares of LuxExperience B.V. by 212.2% in the second quarter. Engineers Gate Manager LP now owns 65,245 shares of the company’s stock worth $485,000 after acquiring an additional 44,345 shares during the last quarter. Bank of America Corp DE boosted its position in shares of LuxExperience B.V. by 2,291.9% in the first quarter. Bank of America Corp DE now owns 17,054 shares of the company’s stock worth $136,000 after acquiring an additional 16,341 shares during the last quarter. Finally, Stoic Point Capital Management LLC boosted its position in shares of 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 worth $13,124,000 after acquiring an additional 607,240 shares during the last quarter. Institutional investors and hedge funds own 10.07% of the company’s stock.

Analyst Upgrades and Downgrades

LUXE has been the subject of a number of research analyst reports. Sanford C. Bernstein assumed coverage on shares of LuxExperience B.V. in a report on Tuesday, October 6th. They issued an “outperform” rating and a $12.90 target price for the company. Weiss Ratings raised LuxExperience B.V. from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, October 9th. Wall Street Zen raised LuxExperience B.V. from a “strong sell” rating to a “sell” rating in a research note on Saturday, September 19th. Zacks Research cut LuxExperience B.V. from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 16th. Finally, JPMorgan Chase & Co. raised their price objective 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. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, LuxExperience B.V. presently has a consensus rating of “Hold” and a consensus price target of $11.18.

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.