LuxExperience B.V. (NYSE:LUXE) CEO Sells $608,277.04 in Stock

LuxExperience B.V. – Sponsored ADR (NYSE:LUXE) CEO Michael Kliger sold 58,714 shares of the firm’s stock in a transaction on Thursday, October 8th. The stock was sold at an average price of $10.36, for a total transaction of $608,277.04. Following the transaction, the chief executive officer directly owned 58,714 shares in the company, valued at $608,277.04. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Friday, October 9th, Michael Kliger sold 13,911 shares of LuxExperience B.V. stock. The shares were sold at an average price of $10.24, for a total value of $142,448.64.
• 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 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 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 shares were sold at an average price of $10.02, for a total transaction of $755,628.24.

LuxExperience B.V. Price Performance

NYSE:LUXE traded down $0.23 during midday trading on Tuesday, reaching $9.72. The stock had a trading volume of 96,611 shares, compared to its average volume of 400,685. The firm has a fifty day simple moving average of $8.47 and a two-hundred day simple moving average of $8.14. LuxExperience B.V. – Sponsored ADR has a 12-month low of $6.54 and a 12-month high of $11.38. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.79 and a current ratio of 2.20.

Wall Street Analysts Forecast Growth

LUXE has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of LuxExperience B.V. from a “strong sell” rating to a “sell” rating in a research note on Saturday, September 19th. TD Cowen raised 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 report on Thursday, September 24th. Zacks Research downgraded shares of LuxExperience B.V. from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 16th. JPMorgan Chase & Co. lifted their price objective on LuxExperience B.V. from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Thursday, September 17th. Finally, Weiss Ratings upgraded LuxExperience B.V. from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday. Three 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. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $11.18.

Institutional Investors Weigh In On LuxExperience B.V.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC boosted 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 purchasing an additional 1,561 shares in the last quarter. Solas Capital Management LLC purchased a new position in shares of LuxExperience B.V. in the 2nd quarter valued at about $2,560,000. Engineers Gate Manager LP lifted its stake in shares of LuxExperience B.V. by 212.2% in the second quarter. Engineers Gate Manager LP now owns 65,245 shares of the company’s stock valued at $485,000 after purchasing an additional 44,345 shares during the period. Bank of America Corp DE lifted its stake in shares of 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 purchasing an additional 16,341 shares during the period. Finally, Stoic Point Capital Management LLC lifted its stake in shares of LuxExperience B.V. by 58.8% in the first quarter. Stoic Point Capital Management LLC now owns 1,640,509 shares of the company’s stock valued at $13,124,000 after purchasing an additional 607,240 shares during the period. Institutional investors and hedge funds own 10.07% of the company’s stock.

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.