Sanford C. Bernstein Initiates Coverage on LuxExperience B.V. (NYSE:LUXE)

Equities research analysts at Sanford C. Bernstein assumed coverage on shares of LuxExperience B.V. (NYSE:LUXE) in a research note issued on Tuesday, Marketbeat reports. The brokerage set an “outperform” rating and a $12.90 price target on the stock. Sanford C. Bernstein’s target price would suggest a potential upside of 24.82% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the company. B. Riley Financial boosted their target price 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. Wall Street Zen raised shares of LuxExperience B.V. from a “strong sell” rating to a “sell” rating in a research note on Saturday, September 19th. Weiss Ratings downgraded shares of LuxExperience B.V. from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, September 25th. Zacks Research lowered shares of LuxExperience B.V. from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 16th. Finally, TD Cowen increased their target price on shares of 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $11.18.

LuxExperience B.V. Stock Up 3.4%

NYSE:LUXE opened at $10.34 on Tuesday. 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 market cap of $885.71 million, a PE ratio of -7.23 and a beta of 1.02. LuxExperience B.V. has a 52-week low of $6.54 and a 52-week high of $11.38. The stock has a 50-day simple moving average of $8.34 and a 200 day simple moving average of $8.09.

Insider Buying and Selling

In related news, CEO Michael Kliger sold 75,412 shares of the stock in a transaction that occurred on Friday, September 18th. The stock was sold at an average price of $10.02, for a total transaction of $755,628.24. Following the completion of the transaction, the chief executive officer directly owned 75,412 shares of the company’s stock, valued at approximately $755,628.24. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold 151,420 shares of company stock worth $1,521,789 over the last ninety days. Corporate insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Stoic Point Capital Management LLC boosted its holdings 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 valued at $13,124,000 after buying an additional 607,240 shares during the last quarter. Nixon Capital LLC bought a new position in shares of LuxExperience B.V. in the fourth quarter valued at $10,711,000. Capricorn Fund Managers Ltd increased its holdings 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 during the last quarter. Luxor Capital Group LP increased its holdings in LuxExperience B.V. by 11.9% during the first quarter. Luxor Capital Group LP now owns 920,435 shares of the company’s stock worth $7,363,000 after buying an additional 98,200 shares during the last quarter. Finally, DJE Kapital AG bought a new stake in LuxExperience B.V. during the first quarter worth $6,119,000. Institutional investors and hedge funds own 10.07% of the company’s stock.

About LuxExperience B.V.

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.