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LuxExperience B.V. (NYSE:LUXE) CEO Michael Kliger Sells 13,911 Shares of Stock

LuxExperience B.V. logo with Consumer Discretionary background
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Key Points

  • CEO Michael Kliger sold 13,911 LUXE shares at an average price of $10.24, generating $142,448.64 and reducing his position by 19.15% to 58,714 shares.
  • Kliger has made several additional sales since September 18, totaling more than 395,000 shares in the disclosed transactions, indicating substantial recent insider selling.
  • LUXE traded at $9.72, while analysts maintained a consensus “Hold” rating with an average price target of $11.18; institutional investors own 10.07% of the stock.
  • Five stocks we like better than LuxExperience B.V..

LuxExperience B.V. - Sponsored ADR (NYSE:LUXE - Get Free Report) CEO Michael Kliger sold 13,911 shares of the firm's stock in a transaction on Friday, October 9th. The stock was sold at an average price of $10.24, for a total value of $142,448.64. Following the transaction, the chief executive officer owned 58,714 shares in the company, valued at approximately $601,231.36. This trade represents a 19.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Michael Kliger also recently made the following trade(s):

  • On Thursday, October 8th, Michael Kliger sold 58,714 shares of LuxExperience B.V. stock. The shares were sold at an average price of $10.36, for a total value of $608,277.04.
  • On Tuesday, October 6th, Michael Kliger sold 119,263 shares of LuxExperience B.V. stock. The shares were sold at an average price of $10.04, for a total value of $1,197,400.52.
  • On Wednesday, October 7th, Michael Kliger sold 65,279 shares of LuxExperience B.V. stock. The shares were sold at an average price of $10.03, for a total value of $654,748.37.
  • On Friday, October 2nd, Michael Kliger sold 2,598 shares of LuxExperience B.V. stock. The stock was sold at an average price of $10.08, for a total value of $26,187.84.
  • On Thursday, October 1st, Michael Kliger sold 73,410 shares of LuxExperience B.V. stock. The stock was sold at an average price of $10.08, for a total value of $739,972.80.
  • On Friday, September 18th, Michael Kliger sold 75,412 shares of LuxExperience B.V. stock. The stock was sold at an average price of $10.02, for a total value of $755,628.24.

LuxExperience B.V. Price Performance

LUXE stock traded down $0.23 during midday trading on Tuesday, reaching $9.72. The company had a trading volume of 96,611 shares, compared to its average volume of 400,685. The company has a market capitalization of $833.00 million, a price-to-earnings ratio of -6.80 and a beta of 1.02. The stock has a 50 day moving average price of $8.47 and a 200-day moving average price of $8.14. LuxExperience B.V. - Sponsored ADR has a 1-year low of $6.54 and a 1-year high of $11.38. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.20 and a quick ratio of 0.79.

Wall Street Analysts Forecast Growth

Several research firms have 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. Weiss Ratings raised shares of LuxExperience B.V. from a "sell (d+)" rating to a "hold (c-)" rating in a report on Friday. Wall Street Zen upgraded shares of LuxExperience B.V. from a "strong sell" rating to a "sell" rating in a research report on Saturday, September 19th. B. Riley Financial lifted their price objective on shares of LuxExperience B.V. from $12.00 to $13.00 and gave the company a "buy" rating in a research note on Thursday, September 17th. Finally, TD Cowen lifted their price objective on shares of LuxExperience B.V. from $9.00 to $11.00 and gave the company a "buy" rating in a research note on Thursday, September 24th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $11.18.

Check Out Our Latest Stock Report on LUXE

Institutional Trading of LuxExperience B.V.

Institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC lifted its position in shares of LuxExperience B.V. by 59.3% during the 3rd quarter. GAMMA Investing LLC now owns 4,194 shares of the company's stock worth $42,000 after buying an additional 1,561 shares during the last quarter. Royal Bank of Canada grew its position in LuxExperience B.V. by 12.0% in the first quarter. Royal Bank of Canada now owns 127,621 shares of the company's stock valued at $1,020,000 after acquiring an additional 13,664 shares during the last quarter. Bank of America Corp DE grew its position in LuxExperience B.V. by 2,291.9% in the first 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 raised its stake 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 acquiring an additional 44,345 shares in the last quarter. Finally, Zweig DiMenna Associates LLC raised its stake in LuxExperience B.V. by 15.2% during the first quarter. Zweig DiMenna Associates LLC now owns 590,000 shares of the company's stock worth $4,720,000 after acquiring an additional 78,000 shares in the last quarter. 10.07% of the stock is currently owned by institutional investors.

About LuxExperience B.V.

(Get Free Report)

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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