LuxExperience B.V. (NYSE:LUXE) Stock Picked Up by Analysts at Sanford C. Bernstein

Key Points

• Sanford C. Bernstein initiated coverage of LuxExperience with an “outperform” rating and a $12.90 price target, implying roughly 29.7% upside from the reported $9.94 share price.
• Analyst sentiment remains mixed: MarketBeat reports a consensus “Hold” rating and an average target price of $11.18, with three Buy, two Hold, and two Sell ratings.
• CEO Michael Kliger sold 75,412 shares for approximately $756,000, while institutional ownership stood at 10.07%; the stock has traded between $6.54 and $11.38 over the past year.

Equities research analysts at Sanford C. Bernstein began coverage on shares of LuxExperience B.V. (NYSE:LUXE - Get Free Report) in a research report issued on Tuesday, Benzinga reports. The firm set an "outperform" rating and a $12.90 price target on the stock. Sanford C. Bernstein's price target would suggest a potential upside of 29.74% from the stock's current price.

Several other brokerages have also weighed in on LUXE. Zacks Research lowered LuxExperience B.V. from a "hold" rating to a "strong sell" rating in a report on Wednesday, September 16th. B. Riley Financial upped their price objective on shares of LuxExperience B.V. from $12.00 to $13.00 and gave the company a "buy" rating in a report on Thursday, September 17th. JPMorgan Chase & Co. increased their target price on shares of LuxExperience B.V. from $9.00 to $10.00 and gave the stock a "neutral" rating in a research report on Thursday, September 17th. Weiss Ratings downgraded shares of LuxExperience B.V. from a "hold (c)" rating to a "sell (d+)" rating in a research note on Friday, September 25th. Finally, Wall Street Zen upgraded shares of LuxExperience B.V. from a "strong sell" rating to a "sell" rating in a research note on Saturday, September 19th. Three 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's stock. According to data from MarketBeat.com, LuxExperience B.V. presently has a consensus rating of "Hold" and an average target price of $11.18.

LuxExperience B.V. Stock Performance

NYSE:LUXE traded up $0.19 during trading hours on Tuesday, reaching $9.94. The stock had a trading volume of 6,575 shares, compared to its average volume of 247,038. The stock has a market cap of $852.11 million, a P/E ratio of -6.89 and a beta of 1.02. The stock has a 50 day simple moving average of $8.27 and a 200 day simple moving average of $8.06. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.79 and a current ratio of 2.20. LuxExperience B.V. has a 12-month low of $6.54 and a 12-month high of $11.38.

Insiders Place Their Bets

In other LuxExperience B.V. news, CEO Michael Kliger sold 75,412 shares of LuxExperience B.V. stock in a transaction dated 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 owned 75,412 shares of the company's stock, valued at $755,628.24. The trade was a 50.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders sold 151,420 shares of company stock worth $1,521,789. 1.90% of the stock is owned by insiders.

Institutional Investors Weigh In On LuxExperience B.V.

A number of institutional investors and hedge funds have recently modified their holdings of LUXE. Stoic Point Capital Management LLC increased its holdings in LuxExperience B.V. by 58.8% during the 1st quarter. Stoic Point Capital Management LLC now owns 1,640,509 shares of the company's stock worth $13,124,000 after acquiring an additional 607,240 shares during the period. Nixon Capital LLC purchased a new position in shares of LuxExperience B.V. during the 4th quarter valued at $10,711,000. Capricorn Fund Managers Ltd increased its holdings in shares of LuxExperience B.V. by 35.5% in the first quarter. Capricorn Fund Managers Ltd now owns 1,023,172 shares of the company's stock worth $8,155,000 after purchasing an additional 268,263 shares during the period. Luxor Capital Group LP raised its position in shares of LuxExperience B.V. by 11.9% in 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 in the last quarter. Finally, DJE Kapital AG bought a new stake in LuxExperience B.V. during the first quarter valued at $6,119,000. 10.07% of the stock is owned by hedge funds and other institutional investors.

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.

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