Nixon Capital LLC Acquires Shares of 1,282,713 LuxExperience B.V. – Sponsored ADR $LUXE

Nixon Capital LLC acquired a new stake in shares of LuxExperience B.V. – Sponsored ADR (NYSE:LUXE) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,282,713 shares of the company’s stock, valued at approximately $10,711,000. LuxExperience B.V. makes up about 2.8% of Nixon Capital LLC’s investment portfolio, making the stock its 16th largest holding. Nixon Capital LLC owned 1.50% of LuxExperience B.V. at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in LUXE. State of Wyoming acquired a new position in LuxExperience B.V. in the 3rd quarter valued at $49,000. GSA Capital Partners LLP acquired a new position in LuxExperience B.V. in the 3rd quarter valued at $211,000. Zweig DiMenna Associates LLC acquired a new position in LuxExperience B.V. in the 3rd quarter valued at $6,372,000. Fiscal Wisdom Wealth Management LLC acquired a new position in LuxExperience B.V. in the 3rd quarter valued at $236,000. Finally, R Squared Ltd acquired a new position in LuxExperience B.V. in the 3rd quarter valued at $140,000. 10.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on LUXE shares. Weiss Ratings downgraded LuxExperience B.V. from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, June 2nd. Wall Street Zen downgraded LuxExperience B.V. from a “sell” rating to a “strong sell” rating in a research note on Monday, May 18th. JPMorgan Chase & Co. reduced their price objective on LuxExperience B.V. from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Tuesday, April 14th. Finally, TD Cowen reduced their price objective on LuxExperience B.V. from $12.00 to $8.00 and set a “buy” rating for the company in a research note on Wednesday, May 20th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $9.50.

LuxExperience B.V. Stock Down 2.4%

Shares of LUXE opened at $7.05 on Thursday. LuxExperience B.V. – Sponsored ADR has a 52-week low of $6.54 and a 52-week high of $11.38. The company has a market capitalization of $604.52 million, a PE ratio of 1.72 and a beta of 1.08. The stock has a fifty day simple moving average of $8.05 and a two-hundred day simple moving average of $8.52. The company has a quick ratio of 0.81, a current ratio of 2.33 and a debt-to-equity ratio of 0.13.

LuxExperience B.V. Company 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.