LuxExperience B.V. (NYSE:LUXE) Stock: Insider Michael Kliger Sells 119,263 Shares

LuxExperience B.V. – Sponsored ADR (NYSE:LUXE) CEO Michael Kliger sold 119,263 shares of LuxExperience B.V. stock in a transaction on Tuesday, October 6th. The stock was sold at an average price of $10.04, for a total value of $1,197,400.52. Following the sale, the chief executive officer directly owned 119,263 shares of the company’s stock, valued at $1,197,400.52. This represents a 50.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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 transaction 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 transaction 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 stock was sold at an average price of $10.02, for a total value of $755,628.24.

LuxExperience B.V. Price Performance

LUXE traded up $0.17 on Thursday, hitting $10.46. 218,041 shares of the stock were exchanged, compared to its average volume of 248,594. The firm has a market capitalization of $896.85 million, a price-to-earnings ratio of -7.32 and a beta of 1.02. 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 12 month low of $6.54 and a 12 month high of $11.38. The business has a 50-day moving average of $8.34 and a two-hundred day moving average of $8.09.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Solas Capital Management LLC acquired a new stake in LuxExperience B.V. during the second quarter worth approximately $2,560,000. Engineers Gate Manager LP boosted its holdings in shares of 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 buying an additional 44,345 shares in the last quarter. Bank of America Corp DE grew its position 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 worth $136,000 after buying an additional 16,341 shares during the period. Stoic Point Capital Management LLC increased its stake in shares of LuxExperience B.V. by 58.8% in the 1st quarter. Stoic Point Capital Management LLC now owns 1,640,509 shares of the company’s stock valued at $13,124,000 after acquiring an additional 607,240 shares in the last quarter. Finally, Royal Bank of Canada lifted its position in shares of LuxExperience B.V. by 12.0% during the 1st quarter. Royal Bank of Canada now owns 127,621 shares of the company’s stock valued at $1,020,000 after acquiring an additional 13,664 shares during the period. 10.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on LUXE shares. Weiss Ratings lowered LuxExperience B.V. from a “hold (c)” rating to a “sell (d+)” rating in a research note on Friday, September 25th. Wall Street Zen upgraded LuxExperience B.V. from a “strong sell” rating to a “sell” rating in a research report on Saturday, September 19th. Zacks Research lowered 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 LuxExperience B.V. in a research note on Tuesday. They issued an “outperform” rating and a $12.90 price objective for the company. Finally, 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. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $11.18.

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.