Zacks Research upgraded shares of LuxExperience B.V. (NYSE:LUXE – Free Report) from a strong sell rating to a hold rating in a research report sent to investors on Thursday morning,Zacks reports.
LUXE has been the topic of a number of other research reports. Wall Street Zen upgraded LuxExperience B.V. from a “strong sell” rating to a “sell” rating in a research report on Saturday, September 19th. Weiss Ratings upgraded LuxExperience B.V. from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, October 9th. JPMorgan Chase & Co. boosted their price objective on LuxExperience B.V. from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Thursday, September 17th. Sanford C. Bernstein initiated coverage on LuxExperience B.V. in a research note on Tuesday, October 6th. They set an “outperform” rating and a $12.90 target price for the company. Finally, B. Riley Financial increased their target price on LuxExperience B.V. from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Thursday, September 17th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $11.18.
Get Our Latest Research Report on LuxExperience B.V.
LuxExperience B.V. Price Performance
Shares of NYSE:LUXE traded down $0.03 during trading on Thursday, reaching $9.51. 128,334 shares of the company’s stock traded hands, compared to its average volume of 253,838. The company has a quick ratio of 0.79, a current ratio of 2.20 and a debt-to-equity ratio of 0.12. LuxExperience B.V. has a fifty-two week low of $6.54 and a fifty-two week high of $11.38. The company has a 50-day simple moving average of $8.57 and a 200-day simple moving average of $8.18. The firm has a market cap of $815.01 million, a PE ratio of -6.65 and a beta of 1.02.
Insider Buying and Selling
In other LuxExperience B.V. news, CEO Michael Kliger sold 8,460 shares of the business’s stock in a transaction that occurred on Monday, October 12th. The stock was sold at an average price of $10.08, for a total transaction of $85,276.80. Following the completion of the sale, the chief executive officer directly owned 8,460 shares in the company, valued at approximately $85,276.80. The trade was a 50.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders sold 417,861 shares of company stock worth $4,218,080. 1.90% of the stock is currently owned by insiders.
Hedge Funds Weigh In On LuxExperience B.V.
Hedge funds have recently made changes to their positions in the company. Stoic Point Capital Management LLC boosted its stake in shares of LuxExperience B.V. by 58.8% in the first quarter. Stoic Point Capital Management LLC now owns 1,640,509 shares of the company’s stock worth $13,124,000 after acquiring an additional 607,240 shares during the last quarter. Capricorn Fund Managers Ltd raised 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 purchasing an additional 268,263 shares during the last quarter. Luxor Capital Group LP lifted its holdings in LuxExperience B.V. by 11.9% in the 1st quarter. Luxor Capital Group LP now owns 920,435 shares of the company’s stock valued at $7,363,000 after purchasing an additional 98,200 shares in the last quarter. DJE Kapital AG purchased a new position in LuxExperience B.V. in the 1st quarter valued at $6,119,000. Finally, Zweig DiMenna Associates LLC boosted its stake in LuxExperience B.V. by 15.2% during the 1st 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 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.
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