LuxExperience B.V. – Sponsored ADR $LUXE Shares Bought by Luxor Capital Group LP

Luxor Capital Group LP grew its position in LuxExperience B.V. – Sponsored ADR (NYSE:LUXE) by 11.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 920,435 shares of the company’s stock after buying an additional 98,200 shares during the period. LuxExperience B.V. accounts for approximately 0.5% of Luxor Capital Group LP’s investment portfolio, making the stock its 20th largest position. Luxor Capital Group LP owned 1.07% of LuxExperience B.V. worth $7,363,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Sylebra Capital LLC acquired a new position in LuxExperience B.V. in the third quarter valued at approximately $31,351,000. Woodson Capital Management LP purchased a new stake in LuxExperience B.V. in the fourth quarter valued at $30,060,000. Pillsbury Lake Capital LLC acquired a new position in shares of LuxExperience B.V. in the 4th quarter valued at $12,602,000. Nixon Capital LLC acquired a new position in shares of LuxExperience B.V. in the 4th quarter valued at $10,711,000. Finally, Stoic Point Capital Management LLC purchased a new position in shares of LuxExperience B.V. during the 4th quarter worth $8,628,000. Institutional investors and hedge funds own 10.07% of the company’s stock.

Wall Street Analyst Weigh In

LUXE has been the topic of several research analyst reports. TD Cowen reduced their price objective on shares of LuxExperience B.V. from $12.00 to $8.00 and set a “buy” rating on the stock in a report on Wednesday, May 20th. JPMorgan Chase & Co. reduced their price target on shares of LuxExperience B.V. from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 14th. Weiss Ratings cut shares of LuxExperience B.V. from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, June 2nd. Finally, Wall Street Zen downgraded shares of LuxExperience B.V. from a “sell” rating to a “strong sell” rating in a report on Monday, May 18th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $9.50.

LuxExperience B.V. Stock Up 0.6%

Shares of NYSE:LUXE opened at $8.01 on Friday. The firm has a market capitalization of $686.11 million, a PE ratio of 1.96 and a beta of 1.07. 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 debt-to-equity ratio of 0.13, a current ratio of 2.33 and a quick ratio of 0.81. The firm’s 50-day moving average is $7.57 and its two-hundred day moving average is $8.23.

LuxExperience B.V. Profile

MYT Netherlands Parent B.V., through its subsidiary, Mytheresa Group GmbH, operates a luxury e-commerce platform for fashion consumers in Germany, the United States, the rest of Europe, and internationally. The company sells clothes, bags, shoes, accessories, and fine jewelry through online and retail stores. It serves high-income luxury consumers. The company was founded in 1987 and is based in Munich, Germany.