Insider Selling: LuxExperience B.V. (NYSE:LUXE) CEO Sells $755,628.24 in Stock

Key Points

• CEO Michael Kliger sold 75,412 LuxExperience shares at an average price of $10.02, generating $755,628.24 and reducing his direct ownership by 50%.
• LuxExperience shares fell 2.7% to $9.40, while institutional investors held 10.07% of the company’s stock.
• Analyst views remain mixed: the consensus rating is Hold with a $10.25 price target, ranging from a $13.00 buy target to a strong-sell downgrade from Zacks Research.

LuxExperience B.V. - Sponsored ADR (NYSE:LUXE - Get Free Report) CEO Michael Kliger sold 75,412 shares of LuxExperience B.V. stock in a transaction on Friday, September 18th. The stock was sold at an average price of $10.02, for a total transaction of $755,628.24. Following the transaction, the chief executive officer directly owned 75,412 shares in the company, valued at approximately $755,628.24. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

LuxExperience B.V. Trading Down 2.7%

LuxExperience B.V. stock traded down $0.26 during mid-day trading on Tuesday, hitting $9.40. 331,545 shares of the company's stock were exchanged, compared to its average volume of 250,469. The company's 50 day simple moving average is $7.98 and its 200-day simple moving average is $8.01. 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 $805.92 million, a P/E ratio of -6.58 and a beta of 1.06. LuxExperience B.V. - Sponsored ADR has a fifty-two week low of $6.54 and a fifty-two week high of $11.38.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Larson Financial Group LLC acquired a new position in LuxExperience B.V. during the fourth quarter worth approximately $52,000. Americana Partners LLC bought a new stake in LuxExperience B.V. in the 4th quarter valued at $127,000. Bank of America Corp DE lifted its holdings 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 boosted its position in LuxExperience B.V. by 212.2% during the second quarter. Engineers Gate Manager LP now owns 65,245 shares of the company's stock worth $485,000 after purchasing an additional 44,345 shares during the period. Finally, Sanctuary Advisors LLC bought a new position in LuxExperience B.V. during the first quarter worth $635,000. Institutional investors own 10.07% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. JPMorgan Chase & Co. raised their target price on shares of LuxExperience B.V. from $9.00 to $10.00 and gave the stock a "neutral" rating in a report on Thursday, September 17th. Zacks Research cut shares of LuxExperience B.V. from a "hold" rating to a "strong sell" rating in a research report on Wednesday, September 16th. B. Riley Financial increased their target price on LuxExperience B.V. from $12.00 to $13.00 and gave the stock a "buy" rating in a report on Thursday, September 17th. Wall Street Zen upgraded LuxExperience B.V. from a "strong sell" rating to a "sell" rating in a report on Saturday. Finally, TD Cowen lifted their target price on LuxExperience B.V. from $8.00 to $9.00 and gave the company a "buy" rating in a research report on Wednesday, August 19th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, LuxExperience B.V. has an average rating of "Hold" and a consensus price target of $10.25.

About LuxExperience B.V.

LuxExperience B.V. is a global luxury e-commerce company operating digital platforms that connect consumers with premium fashion, accessories, beauty products and lifestyle goods. Its portfolio includes Mytheresa, NET-A-PORTER, MR PORTER, YOOX and THE OUTNET, offering products from a broad range of established luxury and designer brands.

The company serves customers internationally through localized websites and mobile experiences, providing online shopping, curated product selection, editorial content, customer service and related digital retail services.

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