LuxExperience B.V. (NYSE:LUXE) CEO Sells $1,197,400.52 in Stock

Key Points

• CEO Michael Kliger sold 119,263 LUXE shares at an average price of $10.04, generating $1.20 million and reducing his direct stake by 50%.
• LuxExperience shares rose 1.6% to $10.46, trading above their 50-day and 200-day moving averages; the stock has ranged from $6.54 to $11.38 over the past year.
• Analyst sentiment is mixed, with an average rating of “Hold” and an average price target of $11.18, while institutional investors own 10.07% of the company.

LuxExperience B.V. - Sponsored ADR (NYSE:LUXE - Get Free Report) CEO Michael Kliger sold 119,263 shares of the company's stock in a transaction that occurred on Tuesday, October 6th. The shares were sold at an average price of $10.04, for a total transaction of $1,197,400.52. Following the completion of the sale, the chief executive officer directly owned 119,263 shares of the company's stock, valued at $1,197,400.52. The trade was a 50.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Wednesday, October 7th, Michael Kliger sold 65,279 shares of LuxExperience B.V. stock. The stock was 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 shares were 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 shares were 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 transaction of $755,628.24.

LuxExperience B.V. Stock Up 1.6%

Shares of NYSE:LUXE traded up $0.17 during midday trading on Thursday, reaching $10.46. 218,041 shares of the company were exchanged, compared to its average volume of 248,594. The stock has a fifty day simple moving average of $8.34 and a two-hundred day simple moving average of $8.09. The firm has a market cap of $896.85 million, a PE ratio of -7.32 and a beta of 1.02. The company has a quick ratio of 0.79, a current ratio of 2.20 and a debt-to-equity ratio of 0.12. LuxExperience B.V. - Sponsored ADR has a fifty-two week low of $6.54 and a fifty-two week high of $11.38.

Institutional Investors Weigh In On LuxExperience B.V.

A number of institutional investors and hedge funds have recently modified their holdings of LUXE. Stoic Point Capital Management LLC grew its holdings 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 purchasing an additional 607,240 shares during the period. Nixon Capital LLC acquired a new stake in shares of LuxExperience B.V. in the fourth quarter valued at approximately $10,711,000. Capricorn Fund Managers Ltd boosted its stake in shares of LuxExperience B.V. by 35.5% during the 1st quarter. Capricorn Fund Managers Ltd now owns 1,023,172 shares of the company's stock worth $8,155,000 after acquiring an additional 268,263 shares during the period. Luxor Capital Group LP increased its holdings in shares of LuxExperience B.V. by 11.9% during the 1st quarter. Luxor Capital Group LP now owns 920,435 shares of the company's stock worth $7,363,000 after acquiring an additional 98,200 shares during the last quarter. Finally, DJE Kapital AG acquired a new position in shares of LuxExperience B.V. during the 1st quarter worth approximately $6,119,000. 10.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have commented on LUXE. Zacks Research cut LuxExperience B.V. from a "hold" rating to a "strong sell" rating in a research note on Wednesday, September 16th. Sanford C. Bernstein initiated coverage on shares of LuxExperience B.V. in a research report on Tuesday. They issued an "outperform" rating and a $12.90 price objective on the stock. B. Riley Financial raised their target price on shares of LuxExperience B.V. from $12.00 to $13.00 and gave the company a "buy" rating in a research report on Thursday, September 17th. JPMorgan Chase & Co. boosted their price target on shares of LuxExperience B.V. from $9.00 to $10.00 and gave the stock a "neutral" rating in a research report on Thursday, September 17th. Finally, TD Cowen increased their price objective on shares of LuxExperience B.V. from $9.00 to $11.00 and gave the stock a "buy" rating in a research note on Thursday, September 24th. Three 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. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $11.18.

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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