LuxExperience B.V. (NYSE:LUXE) Stock Rating Raised to "Hold" at Zacks Research

Key Points

• Zacks Research upgraded LuxExperience B.V. to “Hold” from “Strong Sell,” while the broader analyst consensus remains “Hold” with a $11.18 average price target.
• LUXE shares fell 0.3% to $9.51, below the consensus target but above the stock’s 50-day and 200-day moving averages. The company has a market capitalization of approximately $815 million.
• Insiders have been selling shares: CEO Michael Kliger sold 119,263 shares, and insiders sold roughly 417,861 shares worth $4.2 million over the past 90 days.

LuxExperience B.V. (NYSE:LUXE - Get Free Report) was upgraded by stock analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a research note issued to investors on Thursday, Zacks reports.

Several other equities analysts also recently commented on the stock. TD Cowen increased their target price on shares of LuxExperience B.V. from $9.00 to $11.00 and gave the stock a "buy" rating in a research report on Thursday, September 24th. JPMorgan Chase & Co. boosted their price target on LuxExperience B.V. from $9.00 to $10.00 and gave the stock a "neutral" rating in a research report on Thursday, September 17th. Sanford C. Bernstein started coverage on LuxExperience B.V. in a research note on Tuesday, October 6th. They set an "outperform" rating and a $12.90 price target for the company. Weiss Ratings upgraded LuxExperience B.V. from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Friday, October 9th. Finally, Wall Street Zen raised LuxExperience B.V. from a "strong sell" rating to a "sell" rating in a report on Saturday, September 19th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $11.18.

LuxExperience B.V. Stock Down 0.3%

Shares of LUXE stock traded down $0.03 on Thursday, hitting $9.51. The company's stock had a trading volume of 128,334 shares, compared to its average volume of 253,838. 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. has a fifty-two week low of $6.54 and a fifty-two week high of $11.38. The firm's fifty day moving average price is $8.57 and its 200-day moving average price is $8.18. The stock has a market capitalization of $815.01 million, a price-to-earnings ratio of -6.65 and a beta of 1.02.

Insider Buying and Selling at LuxExperience B.V.

In related news, CEO Michael Kliger sold 119,263 shares of the stock in a transaction that occurred on Tuesday, October 6th. The stock was sold at an average price of $10.04, for a total transaction of $1,197,400.52. Following the completion of the sale, the chief executive officer owned 119,263 shares in the company, valued at $1,197,400.52. This represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders sold 417,861 shares of company stock worth $4,218,080. 1.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. GAMMA Investing LLC boosted its position in shares of LuxExperience B.V. by 59.3% in the third quarter. GAMMA Investing LLC now owns 4,194 shares of the company's stock valued at $42,000 after acquiring an additional 1,561 shares during the period. Royal Bank of Canada increased its position in LuxExperience B.V. by 12.0% during the first quarter. Royal Bank of Canada now owns 127,621 shares of the company's stock worth $1,020,000 after acquiring an additional 13,664 shares during the period. Bank of America Corp DE raised its stake 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 valued at $136,000 after purchasing an additional 16,341 shares during the last quarter. Engineers Gate Manager LP raised its stake 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 valued at $485,000 after purchasing an additional 44,345 shares during the last quarter. Finally, Zweig DiMenna Associates LLC boosted its holdings in LuxExperience B.V. by 15.2% in the 1st quarter. Zweig DiMenna Associates LLC now owns 590,000 shares of the company's stock valued at $4,720,000 after purchasing an additional 78,000 shares during the period. 10.07% of the stock is currently owned by institutional investors and hedge funds.

LuxExperience B.V. Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.