Sylebra Capital LLC Decreases Stock Holdings in LuxExperience B.V. – Sponsored ADR $LUXE

Sylebra Capital LLC lessened its stake in LuxExperience B.V. – Sponsored ADR (NYSE:LUXE) by 16.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,443,053 shares of the company’s stock after selling 478,181 shares during the quarter. LuxExperience B.V. comprises 2.5% of Sylebra Capital LLC’s investment portfolio, making the stock its 8th biggest position. Sylebra Capital LLC’s holdings in LuxExperience B.V. were worth $19,544,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC acquired a new stake in LuxExperience B.V. during the fourth quarter worth about $26,000. Larson Financial Group LLC bought a new position in LuxExperience B.V. in the 4th quarter valued at about $52,000. HRT Financial LP acquired a new position in shares of LuxExperience B.V. in the 4th quarter valued at approximately $114,000. XTX Topco Ltd acquired a new position in shares of LuxExperience B.V. in the 4th quarter valued at approximately $125,000. Finally, Americana Partners LLC acquired a new position in shares of LuxExperience B.V. in the 4th quarter valued at approximately $127,000. Institutional investors own 10.07% of the company’s stock.

LuxExperience B.V. Price Performance

Shares of LUXE opened at $8.47 on Wednesday. The company has a quick ratio of 0.81, a current ratio of 2.33 and a debt-to-equity ratio of 0.13. The stock has a market cap of $725.88 million, a PE ratio of 2.07 and a beta of 1.07. LuxExperience B.V. – Sponsored ADR has a 12-month low of $6.54 and a 12-month high of $11.38. The business has a 50-day simple moving average of $7.61 and a two-hundred day simple moving average of $8.24.

Analyst Upgrades and Downgrades

LUXE has been the topic of several analyst reports. Wall Street Zen lowered shares of LuxExperience B.V. from a “sell” rating to a “strong sell” rating in a research report on Monday, May 18th. TD Cowen lowered their price objective on shares of LuxExperience B.V. from $12.00 to $8.00 and set a “buy” rating for the company in a research report on Wednesday, May 20th. Weiss Ratings downgraded shares of LuxExperience B.V. from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, June 2nd. Finally, JPMorgan Chase & Co. cut their target price 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. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $9.50.

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.