LuxExperience B.V. (NYSE:LUXE) Upgraded at Zacks Research

LuxExperience B.V. (NYSE:LUXE) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Thursday, Zacks reports.

A number of other analysts also recently commented on LUXE. JPMorgan Chase & Co. raised their price objective on LuxExperience B.V. from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Thursday, September 17th. Weiss Ratings upgraded LuxExperience B.V. from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, October 9th. TD Cowen boosted their price objective on LuxExperience B.V. from $9.00 to $11.00 and gave the company a “buy” rating in a research report on Thursday, September 24th. Sanford C. Bernstein assumed coverage on LuxExperience B.V. in a research note on Tuesday, October 6th. They issued an “outperform” rating and a $12.90 target price for the company. Finally, 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. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $11.18.

LuxExperience B.V. Stock Performance

LUXE stock traded down $0.03 during trading on Thursday, reaching $9.51. 128,334 shares of the stock were exchanged, compared to its average volume of 253,838. LuxExperience B.V. has a twelve month low of $6.54 and a twelve month high of $11.38. The company has a current ratio of 2.20, a quick ratio of 0.79 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $815.01 million, a P/E ratio of -6.65 and a beta of 1.02. The stock has a 50 day simple moving average of $8.57 and a 200-day simple moving average of $8.18.

Insider Buying and Selling

In other LuxExperience B.V. news, CEO Michael Kliger sold 119,263 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer owned 119,263 shares in the company, valued at $1,197,400.52. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 417,861 shares of company stock worth $4,218,080 in the last three months. 1.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On LuxExperience B.V.

Large investors have recently modified their holdings of the stock. Stoic Point Capital Management LLC raised its holdings 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 worth $13,124,000 after buying an additional 607,240 shares in the last quarter. Capricorn Fund Managers Ltd boosted its stake in LuxExperience B.V. by 35.5% in the 1st quarter. Capricorn Fund Managers Ltd now owns 1,023,172 shares of the company’s stock valued at $8,155,000 after buying an additional 268,263 shares in the last quarter. Luxor Capital Group LP grew its position in LuxExperience B.V. by 11.9% in the first quarter. Luxor Capital Group LP now owns 920,435 shares of the company’s stock valued at $7,363,000 after acquiring an additional 98,200 shares during the period. DJE Kapital AG bought a new stake in LuxExperience B.V. in the first quarter valued at $6,119,000. Finally, Zweig DiMenna Associates LLC grew its position in LuxExperience B.V. by 15.2% in the first quarter. Zweig DiMenna Associates LLC now owns 590,000 shares of the company’s stock valued at $4,720,000 after acquiring an additional 78,000 shares during the period. 10.07% of the stock is currently owned by institutional investors.

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.