LuxExperience B.V. (NYSE:LUXE) Stock: Insider Michael Kliger Sells 48,788 Shares

LuxExperience B.V. – Sponsored ADR (NYSE:LUXE) CEO Michael Kliger sold 48,788 shares of LuxExperience B.V. stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $10.03, for a total transaction of $489,343.64. Following the transaction, the chief executive officer directly owned 26,021 shares in the company, valued at $260,990.63. This trade represents a 65.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, October 12th, Michael Kliger sold 8,460 shares of LuxExperience B.V. stock. The shares were sold at an average price of $10.08, for a total transaction of $85,276.80.
• On Tuesday, October 13th, Michael Kliger sold 814 shares of LuxExperience B.V. stock. The shares were sold at an average price of $10.00, for a total transaction of $8,140.00.
• 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 transaction of $142,448.64.
• On Thursday, October 8th, Michael Kliger sold 58,714 shares of LuxExperience B.V. stock. The shares were sold at an average price of $10.36, for a total transaction of $608,277.04.
• On Tuesday, October 6th, Michael Kliger sold 119,263 shares of LuxExperience B.V. stock. The stock was sold at an average price of $10.04, for a total transaction 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 transaction of $654,748.37.
• On Friday, October 2nd, Michael Kliger sold 2,598 shares of LuxExperience B.V. stock. The shares were 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 transaction 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 value of $755,628.24.

LuxExperience B.V. Trading Up 1.1%

LUXE opened at $10.17 on Friday. The stock has a market capitalization of $871.82 million, a PE ratio of -7.11 and a beta of 1.06. LuxExperience B.V. – Sponsored ADR has a one year low of $6.54 and a one year 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. The business’s 50 day moving average price is $9.13 and its 200 day moving average price is $8.42.

Analysts Set New Price Targets

Several equities analysts have recently commented on LUXE shares. Weiss Ratings raised LuxExperience B.V. from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, October 9th. Zacks Research upgraded LuxExperience B.V. from a “strong sell” rating to a “hold” rating in a report on Thursday, October 15th. Sanford C. Bernstein initiated coverage on LuxExperience B.V. in a research report on Tuesday, October 6th. They set an “outperform” rating and a $12.90 price objective for the company. Wall Street Zen upgraded shares of LuxExperience B.V. from a “strong sell” rating to a “sell” rating in a report on Saturday, September 19th. Finally, B. Riley Financial upped their target price on shares of LuxExperience B.V. from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Thursday, September 17th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.18.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in LUXE. Stoic Point Capital Management LLC increased its position 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. Luxor Capital Group LP lifted its position in shares of LuxExperience B.V. by 11.9% during the 1st quarter. Luxor Capital Group LP now owns 920,435 shares of the company’s stock worth $7,363,000 after purchasing an additional 98,200 shares during the last quarter. DJE Kapital AG acquired a new position in shares of LuxExperience B.V. during the first quarter worth $6,119,000. Zweig DiMenna Associates LLC grew its stake in shares of LuxExperience B.V. by 15.2% during the first quarter. Zweig DiMenna Associates LLC now owns 590,000 shares of the company’s stock worth $4,720,000 after purchasing an additional 78,000 shares in the last quarter. Finally, Solas Capital Management LLC acquired a new position in shares of LuxExperience B.V. during the second quarter worth $2,560,000. Institutional investors and hedge funds own 10.07% of the company’s stock.

About LuxExperience B.V.

LuxExperience B.V. is a global luxury e-commerce company that operates digital platforms serving fashion and lifestyle customers. The company’s portfolio includes Mytheresa, NET-A-PORTER, MR PORTER, YOOX and THE OUTNET, offering designer apparel, accessories, jewelry, watches, beauty products and related luxury goods.

Its platforms provide curated selections from luxury and premium brands, combining online retail with services such as editorial content, personalized shopping and customer support.