LuxExperience B.V. (NYSE:LUXE) CEO Michael Kliger Sells 13,911 Shares of Stock

LuxExperience B.V. – Sponsored ADR (NYSE:LUXE) CEO Michael Kliger sold 13,911 shares of the company’s stock in a transaction that occurred on Friday, October 9th. The stock was sold at an average price of $10.24, for a total transaction of $142,448.64. Following the transaction, the chief executive officer owned 58,714 shares of the company’s stock, valued at approximately $601,231.36. This represents a 19.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Thursday, October 8th, Michael Kliger sold 58,714 shares of LuxExperience B.V. stock. The shares were sold at an average price of $10.36, for a total transaction of $608,277.04.
• On Tuesday, October 6th, Michael Kliger sold 119,263 shares of LuxExperience B.V. stock. The shares were 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 shares were 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 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 shares were 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. Trading Down 2.3%

NYSE LUXE traded down $0.23 on Tuesday, hitting $9.72. The company’s stock had a trading volume of 96,611 shares, compared to its average volume of 400,685. 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 1-year low of $6.54 and a 1-year high of $11.38. The company’s 50-day moving average is $8.47 and its 200 day moving average is $8.14. The firm has a market cap of $833.00 million, a PE ratio of -6.80 and a beta of 1.02.

Hedge Funds Weigh In On LuxExperience B.V.

Several hedge funds and other institutional investors have recently bought and sold shares of LUXE. Stoic Point Capital Management LLC boosted its position in LuxExperience B.V. by 58.8% during the first quarter. Stoic Point Capital Management LLC now owns 1,640,509 shares of the company’s stock valued at $13,124,000 after acquiring an additional 607,240 shares during the last quarter. Capricorn Fund Managers Ltd grew its holdings in LuxExperience B.V. by 35.5% during the 1st quarter. Capricorn Fund Managers Ltd now owns 1,023,172 shares of the company’s stock worth $8,155,000 after acquiring an additional 268,263 shares during the period. Luxor Capital Group LP grew its holdings in LuxExperience B.V. by 11.9% during the 1st quarter. Luxor Capital Group LP now owns 920,435 shares of the company’s stock worth $7,363,000 after acquiring an additional 98,200 shares during the period. DJE Kapital AG bought a new position in shares of LuxExperience B.V. in the 1st quarter worth about $6,119,000. Finally, Zweig DiMenna Associates LLC raised its position in shares of LuxExperience B.V. by 15.2% in the 1st quarter. Zweig DiMenna Associates LLC now owns 590,000 shares of the company’s stock worth $4,720,000 after acquiring an additional 78,000 shares in the last quarter. Institutional investors and hedge funds own 10.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on LUXE. JPMorgan Chase & Co. boosted their price objective on shares of LuxExperience B.V. from $9.00 to $10.00 and gave the stock a “neutral” rating in a research note on Thursday, September 17th. Wall Street Zen raised LuxExperience B.V. from a “strong sell” rating to a “sell” rating in a research report on Saturday, September 19th. Zacks Research lowered LuxExperience B.V. from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 16th. Sanford C. Bernstein initiated coverage on LuxExperience B.V. in a research note on Tuesday, October 6th. They issued an “outperform” rating and a $12.90 price target for the company. Finally, B. Riley Financial raised their price objective on LuxExperience B.V. from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Thursday, September 17th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $11.18.

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.