Michael Kliger Sells 75,412 Shares of LuxExperience B.V. (NYSE:LUXE) Stock

LuxExperience B.V. – Sponsored ADR (NYSE:LUXE) CEO Michael Kliger sold 75,412 shares of the business’s stock in a transaction that occurred on Friday, September 18th. The stock was sold at an average price of $10.02, for a total value of $755,628.24. Following the sale, the chief executive officer owned 75,412 shares of the company’s stock, valued at approximately $755,628.24. This represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

LuxExperience B.V. Stock Performance

LUXE traded down $0.26 during trading on Tuesday, hitting $9.40. The stock had a trading volume of 331,545 shares, compared to its average volume of 250,469. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.20 and a quick ratio of 0.79. The company has a 50 day moving average price of $7.98 and a 200-day moving average price of $8.01. LuxExperience B.V. – Sponsored ADR has a one year low of $6.54 and a one year high of $11.38. The firm has a market cap of $805.92 million, a price-to-earnings ratio of -6.58 and a beta of 1.06.

Hedge Funds Weigh In On LuxExperience B.V.

A number of institutional investors have recently modified their holdings of the business. Larson Financial Group LLC acquired a new stake in LuxExperience B.V. in the fourth quarter valued at about $52,000. Americana Partners LLC acquired a new stake in shares of LuxExperience B.V. in the 4th quarter valued at approximately $127,000. Bank of America Corp DE grew its holdings in shares of 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 valued at $136,000 after purchasing an additional 16,341 shares during the last quarter. Engineers Gate Manager LP increased its position in LuxExperience B.V. by 212.2% during the 2nd quarter. Engineers Gate Manager LP now owns 65,245 shares of the company’s stock worth $485,000 after purchasing an additional 44,345 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new position in LuxExperience B.V. in the 1st quarter valued at approximately $635,000. Institutional investors and hedge funds own 10.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on LUXE. Weiss Ratings upgraded shares of LuxExperience B.V. from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, September 11th. B. Riley Financial boosted their price target on LuxExperience B.V. from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Thursday, September 17th. Zacks Research downgraded LuxExperience B.V. from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 16th. Wall Street Zen upgraded LuxExperience B.V. from a “strong sell” rating to a “sell” rating in a research note on Saturday. Finally, TD Cowen lifted their price objective on LuxExperience B.V. from $8.00 to $9.00 and gave the company a “buy” rating in a report on Wednesday, August 19th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $10.25.

LuxExperience B.V. Company Profile

LuxExperience B.V. is a global luxury e-commerce company operating digital platforms that connect consumers with premium fashion, accessories, beauty products and lifestyle goods. Its portfolio includes Mytheresa, NET-A-PORTER, MR PORTER, YOOX and THE OUTNET, offering products from a broad range of established luxury and designer brands.

The company serves customers internationally through localized websites and mobile experiences, providing online shopping, curated product selection, editorial content, customer service and related digital retail services.