LuxExperience B.V. (NYSE:LUXE) CEO Michael Kliger Sells 2,598 Shares of Stock

Key Points

• CEO Michael Kliger sold 2,598 LUXE shares at an average price of $10.08, generating $26,187.84 and reducing his holdings by 3.42% to 73,410 shares. He also recently sold 73,410 shares on October 1 and 75,412 shares on September 18.
• LuxExperience shares were flat at $9.74, with a market capitalization of approximately $834.7 million; the stock has traded between $6.54 and $11.38 over the past year.
• Analyst sentiment is mixed, with two Buy, two Hold and two Sell ratings. The consensus rating is Hold, with an average price target of $10.75, while institutional investors own 10.07% of the company.

LuxExperience B.V. - Sponsored ADR (NYSE:LUXE - Get Free Report) CEO Michael Kliger sold 2,598 shares of the company's stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $10.08, for a total value of $26,187.84. Following the completion of the sale, the chief executive officer owned 73,410 shares in the company, valued at approximately $739,972.80. This represents a 3.42% 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 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 shares were sold at an average price of $10.02, for a total value of $755,628.24.

LuxExperience B.V. Stock Performance

Shares of LUXE stock remained flat at $9.74 during mid-day trading on Monday. The stock had a trading volume of 141,966 shares, compared to its average volume of 384,696. LuxExperience B.V. - Sponsored ADR has a twelve month low of $6.54 and a twelve month high of $11.38. The firm has a market capitalization of $834.72 million, a P/E ratio of -6.81 and a beta of 1.02. The firm's 50-day moving average is $8.27 and its 200-day moving average is $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.

Hedge Funds Weigh In On LuxExperience B.V.

Institutional investors and hedge funds have recently modified their holdings of the company. Stoic Point Capital Management LLC boosted its position in LuxExperience B.V. by 58.8% during the first 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 last quarter. Nixon Capital LLC purchased a new position in shares of LuxExperience B.V. during the 4th quarter worth $10,711,000. Capricorn Fund Managers Ltd boosted its holdings in shares of LuxExperience B.V. by 35.5% during 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 last quarter. Luxor Capital Group LP lifted its position in LuxExperience B.V. by 11.9% during 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 during the period. Finally, DJE Kapital AG purchased a new position in LuxExperience B.V. during the first quarter worth about $6,119,000. Hedge funds and other institutional investors own 10.07% of the company's stock.

Wall Street Analysts Forecast Growth

LUXE has been the subject of a number of research reports. B. Riley Financial lifted their target price on shares of LuxExperience B.V. from $12.00 to $13.00 and gave the stock a "buy" rating in a research 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 note on Wednesday, September 16th. JPMorgan Chase & Co. upped their target price on LuxExperience B.V. from $9.00 to $10.00 and gave the company a "neutral" rating in a research note on Thursday, September 17th. Weiss Ratings cut LuxExperience B.V. from a "hold (c)" rating to a "sell (d+)" rating in a report on Friday, September 25th. Finally, TD Cowen raised their price target 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. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, LuxExperience B.V. presently has an average rating of "Hold" and a consensus price target of $10.75.

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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