LuxExperience B.V. (NYSE:LUXE) CEO Michael Kliger Sells 65,279 Shares of Stock

LuxExperience B.V. – Sponsored ADR (NYSE:LUXE) CEO Michael Kliger sold 65,279 shares of the company’s stock in a transaction dated Wednesday, October 7th. The shares were sold at an average price of $10.03, for a total value of $654,748.37. Following the completion of the sale, the chief executive officer owned 119,263 shares of the company’s stock, valued at $1,196,207.89. This represents a 35.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• 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 value of $1,197,400.52.
• 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 stock was sold at an average price of $10.08, for a total value 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 Performance

Shares of NYSE:LUXE opened at $10.46 on Friday. The company has a market capitalization of $896.84 million, a price-to-earnings ratio of -7.32 and a beta of 1.02. The firm’s 50 day simple moving average is $8.39 and its 200 day simple moving average is $8.11. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.20 and a quick ratio of 0.79. LuxExperience B.V. – Sponsored ADR has a fifty-two week low of $6.54 and a fifty-two week high of $11.38.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. B. Riley Financial increased their target price on shares of 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 shares of LuxExperience B.V. in a research report on Tuesday. They issued an “outperform” rating and a $12.90 price objective for the company. Wall Street Zen raised LuxExperience B.V. from a “strong sell” rating to a “sell” rating in a research note on Saturday, September 19th. TD Cowen lifted their target price on LuxExperience B.V. from $9.00 to $11.00 and gave the stock a “buy” rating in a report on Thursday, September 24th. Finally, JPMorgan Chase & Co. boosted their target price 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 equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $11.18.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC raised its holdings in shares of LuxExperience B.V. by 59.3% during the third quarter. GAMMA Investing LLC now owns 4,194 shares of the company’s stock worth $42,000 after acquiring an additional 1,561 shares during the period. Bank of America Corp DE increased its holdings in LuxExperience B.V. by 2,291.9% during the 1st quarter. Bank of America Corp DE now owns 17,054 shares of the company’s stock worth $136,000 after purchasing an additional 16,341 shares in the last quarter. Engineers Gate Manager LP increased its holdings in LuxExperience B.V. by 212.2% during the 2nd quarter. Engineers Gate Manager LP now owns 65,245 shares of the company’s stock worth $485,000 after purchasing an additional 44,345 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of LuxExperience B.V. in the 1st quarter valued at about $635,000. Finally, Royal Bank of Canada lifted its holdings in shares of LuxExperience B.V. by 12.0% in the first quarter. Royal Bank of Canada now owns 127,621 shares of the company’s stock valued at $1,020,000 after purchasing an additional 13,664 shares in the last quarter. 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.