LuxExperience B.V. (NYSE:LUXE) CEO Michael Kliger Sells 73,410 Shares of Stock

Key Points

• CEO Michael Kliger sold 73,410 LUXE shares at an average price of $10.08, generating approximately $740,000 and reducing his position by 50%. He also sold 2,598 shares on October 2 and 75,412 shares on September 18.
• LuxExperience shares were flat at $9.74, with the stock trading between a 52-week low of $6.54 and high of $11.38. Hedge funds and other institutional investors own approximately 10.07% of the company.
• 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.

LuxExperience B.V. - Sponsored ADR (NYSE:LUXE - Get Free Report) CEO Michael Kliger sold 73,410 shares of LuxExperience B.V. stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $10.08, for a total value of $739,972.80. Following the transaction, the chief executive officer owned 73,410 shares of the company's stock, valued at $739,972.80. The trade was a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Friday, October 2nd, Michael Kliger sold 2,598 shares of LuxExperience B.V. stock. The shares were sold at an average price of $10.08, for a total value of $26,187.84.
• 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 transaction of $755,628.24.

LuxExperience B.V. Stock Performance

Shares of NYSE LUXE remained flat at $9.74 on Monday. 141,966 shares of the stock were exchanged, compared to its average volume of 384,696. The firm's fifty day moving average is $8.24 and its 200 day moving average is $8.05. 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. - Sponsored ADR has a one year low of $6.54 and a one year high of $11.38.

Institutional Trading of LuxExperience B.V.

Several hedge funds and other institutional investors have recently bought and sold shares of LUXE. Bank of America Corp DE grew 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 worth $136,000 after acquiring an additional 16,341 shares in the last quarter. Engineers Gate Manager LP lifted its position in LuxExperience B.V. by 212.2% in the 2nd quarter. Engineers Gate Manager LP now owns 65,245 shares of the company's stock valued at $485,000 after acquiring an additional 44,345 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in LuxExperience B.V. during the first quarter worth $635,000. Royal Bank of Canada grew its holdings in LuxExperience B.V. by 12.0% in 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 in the last quarter. Finally, Solas Capital Management LLC acquired a new stake in shares of LuxExperience B.V. in the 2nd quarter valued at $2,560,000. 10.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LUXE has been the subject of several recent analyst reports. Wall Street Zen upgraded LuxExperience B.V. from a "strong sell" rating to a "sell" rating in a research report on Saturday, September 19th. Weiss Ratings downgraded shares of LuxExperience B.V. from a "hold (c)" rating to a "sell (d+)" rating in a research note on Friday, September 25th. B. Riley Financial upped their price target on LuxExperience B.V. from $12.00 to $13.00 and gave the stock a "buy" rating in a research note on Thursday, September 17th. Zacks Research downgraded shares of LuxExperience B.V. from a "hold" rating to a "strong sell" rating in a report on Wednesday, September 16th. Finally, TD Cowen upped their target price on LuxExperience B.V. from $9.00 to $11.00 and gave the company a "buy" rating in a research note on Thursday, September 24th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, LuxExperience B.V. currently has a consensus rating of "Hold" and an average price target of $10.75.

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.

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