LuxExperience B.V. - Sponsored ADR (NYSE:LUXE) Receives Average Recommendation of "Hold" from Brokerages

Key Points

• Analysts have a consensus “Hold” rating on LuxExperience, split evenly among two buys, two holds and two sells. The average 12-month price target is $10.75, above the stock’s $9.77 opening price.
• Recent coverage was mixed: TD Cowen raised its target to $11 and maintained a buy rating, while Zacks Research and Weiss Ratings downgraded the stock to sell-oriented ratings.
• CEO Michael Kliger sold 75,412 shares for approximately $755,628, cutting his direct stake by 50%. Institutional investors and hedge funds own about 10.07% of the company.

LuxExperience B.V. - Sponsored ADR (NYSE:LUXE - Get Free Report) has been given a consensus recommendation of "Hold" by the six analysts that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $10.75.

Several brokerages recently commented on LUXE. Zacks Research lowered shares of LuxExperience B.V. from a "hold" rating to a "strong sell" rating in a report on Wednesday, September 16th. TD Cowen raised their price objective on LuxExperience B.V. from $9.00 to $11.00 and gave the stock a "buy" rating in a research report on Thursday, September 24th. Wall Street Zen upgraded shares of LuxExperience B.V. from a "strong sell" rating to a "sell" rating in a report on Saturday, September 19th. Weiss Ratings cut shares of LuxExperience B.V. from a "hold (c)" rating to a "sell (d+)" rating in a research report on Friday, September 25th. Finally, JPMorgan Chase & Co. upped their target price on shares of LuxExperience B.V. from $9.00 to $10.00 and gave the company a "neutral" rating in a report on Thursday, September 17th.

Insider Buying and Selling

In other LuxExperience B.V. news, CEO Michael Kliger sold 75,412 shares of the business's stock in a transaction on Friday, September 18th. The shares were sold at an average price of $10.02, for a total transaction of $755,628.24. Following the sale, the chief executive officer directly owned 75,412 shares in the company, valued at approximately $755,628.24. The trade was a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.90% of the company's stock.

Hedge Funds Weigh In On LuxExperience B.V.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE grew its stake in LuxExperience B.V. by 2,291.9% in the 1st quarter. Bank of America Corp DE now owns 17,054 shares of the company's stock valued at $136,000 after acquiring an additional 16,341 shares during the last quarter. Engineers Gate Manager LP lifted its holdings in shares of LuxExperience B.V. by 212.2% during the 2nd quarter. Engineers Gate Manager LP now owns 65,245 shares of the company's stock worth $485,000 after acquiring an additional 44,345 shares during the period. Sanctuary Advisors LLC acquired a new stake in LuxExperience B.V. during the 1st quarter worth approximately $635,000. Royal Bank of Canada raised its holdings in shares of LuxExperience B.V. by 12.0% during the 1st quarter. Royal Bank of Canada now owns 127,621 shares of the company's stock valued at $1,020,000 after buying an additional 13,664 shares during the period. Finally, Solas Capital Management LLC purchased a new stake in shares of LuxExperience B.V. during the second quarter worth about $2,560,000. 10.07% of the stock is owned by institutional investors and hedge funds.

LuxExperience B.V. Stock Performance

Shares of LuxExperience B.V. stock opened at $9.77 on Monday. The company has a 50 day moving average price of $8.24 and a 200 day moving average price of $8.05. The company has a quick ratio of 0.79, a current ratio of 2.20 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $837.29 million, a P/E ratio of -6.83 and a beta of 1.02. LuxExperience B.V. has a 52 week low of $6.54 and a 52 week high of $11.38.

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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