LuxExperience B.V. (NYSE:LUXE) Raised to “Hold” at Zacks Research

LuxExperience B.V. (NYSE:LUXE) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Thursday, Zacks reports.

Other research analysts have also issued reports about the company. TD Cowen boosted their target price on LuxExperience B.V. from $9.00 to $11.00 and gave the stock a “buy” rating in a report on Thursday, September 24th. B. Riley Financial raised their price target on LuxExperience B.V. from $12.00 to $13.00 and gave the company a “buy” rating in a report on Thursday, September 17th. Wall Street Zen raised shares of LuxExperience B.V. from a “strong sell” rating to a “sell” rating in a research report on Saturday, September 19th. JPMorgan Chase & Co. upped their price objective on shares of 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 shares of LuxExperience B.V. from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, October 9th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $11.18.

LuxExperience B.V. Stock Performance

Shares of LUXE traded down $0.03 during mid-day trading on Thursday, reaching $9.51. The company’s stock had a trading volume of 128,334 shares, compared to its average volume of 253,838. LuxExperience B.V. has a 1-year low of $6.54 and a 1-year high of $11.38. The stock has a market cap of $815.01 million, a P/E ratio of -6.65 and a beta of 1.02. The business has a 50-day simple moving average of $8.57 and a two-hundred day simple moving average of $8.18. The company has a current ratio of 2.20, a quick ratio of 0.79 and a debt-to-equity ratio of 0.12.

Insider Buying and Selling

In other LuxExperience B.V. news, CEO Michael Kliger sold 119,263 shares of the stock in a transaction on Tuesday, October 6th. The stock was sold at an average price of $10.04, for a total transaction of $1,197,400.52. Following 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last quarter, insiders sold 417,861 shares of company stock valued at $4,218,080. Corporate insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On LuxExperience B.V.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC raised its position in LuxExperience B.V. by 59.3% during the third quarter. GAMMA Investing LLC now owns 4,194 shares of the company’s stock valued at $42,000 after purchasing an additional 1,561 shares in the last quarter. Solas Capital Management LLC acquired a new stake in shares of LuxExperience B.V. in the 2nd quarter valued at $2,560,000. Engineers Gate Manager LP boosted its holdings in shares of LuxExperience B.V. by 212.2% in the 2nd 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 in the last quarter. Bank of America Corp DE increased its stake in shares of LuxExperience B.V. by 2,291.9% in 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. Finally, 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 purchasing an additional 607,240 shares during the last quarter. 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.