Liquidity Services, Inc. (NASDAQ:LQDT) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC cut its position in Liquidity Services, Inc. (NASDAQ:LQDT) by 0.4% during the fourth quarter, Holdings Channel reports. The firm owned 513,779 shares of the business services provider’s stock after selling 1,805 shares during the period. Geode Capital Management LLC’s holdings in Liquidity Services were worth $16,593,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of LQDT. Franklin Resources Inc. boosted its position in Liquidity Services by 4.6% in the 4th quarter. Franklin Resources Inc. now owns 15,692 shares of the business services provider’s stock worth $507,000 after purchasing an additional 683 shares in the last quarter. Alliancebernstein L.P. lifted its stake in shares of Liquidity Services by 25.9% in the 4th quarter. Alliancebernstein L.P. now owns 23,084 shares of the business services provider’s stock valued at $745,000 after purchasing an additional 4,756 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in Liquidity Services by 57.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 457,351 shares of the business services provider’s stock worth $14,768,000 after buying an additional 167,767 shares in the last quarter. Robotti Robert acquired a new stake in Liquidity Services during the fourth quarter valued at $228,000. Finally, JPMorgan Chase & Co. increased its holdings in Liquidity Services by 140.4% in the fourth quarter. JPMorgan Chase & Co. now owns 144,081 shares of the business services provider’s stock valued at $4,652,000 after buying an additional 84,154 shares in the last quarter. 71.15% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

LQDT has been the subject of a number of analyst reports. Barrington Research reaffirmed an “outperform” rating and issued a $40.00 price target on shares of Liquidity Services in a report on Wednesday, March 19th. StockNews.com cut Liquidity Services from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 4th.

Insider Buying and Selling

In related news, SVP Steven Weiskircher sold 10,815 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $33.99, for a total value of $367,601.85. Following the transaction, the senior vice president now directly owns 58,401 shares of the company’s stock, valued at $1,985,049.99. This trade represents a 15.63 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jaime Mateus-Tique sold 10,000 shares of Liquidity Services stock in a transaction on Monday, April 14th. The stock was sold at an average price of $29.72, for a total transaction of $297,200.00. Following the sale, the director now owns 214,562 shares in the company, valued at $6,376,782.64. This represents a 4.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 143,758 shares of company stock worth $4,668,608. Company insiders own 28.40% of the company’s stock.

Liquidity Services Stock Performance

LQDT opened at $30.99 on Monday. The stock has a market capitalization of $961.90 million, a PE ratio of 41.32 and a beta of 1.39. Liquidity Services, Inc. has a one year low of $17.07 and a one year high of $39.72. The business’s 50 day moving average price is $31.70 and its 200 day moving average price is $29.57.

Liquidity Services (NASDAQ:LQDT) last released its quarterly earnings results on Thursday, February 6th. The business services provider reported $0.28 EPS for the quarter, topping the consensus estimate of $0.22 by $0.06. Liquidity Services had a return on equity of 20.94% and a net margin of 6.37%.

Liquidity Services Profile

Liquidity Services, Inc provides e-commerce marketplaces, self-directed auction listing tools, and value-added services in the United States and internationally. The company operates through four segments: GovDeals, Retail Supply Chain Group (RSCG), Capital Assets Group (CAG), and Machinio. Its marketplaces include liquidation.com that enable corporations to sell surplus and salvage consumer goods and retail capital assets; GovDeals marketplace, which provides self-directed service solutions in which sellers list their own assets that enables local and state government entities, and commercial businesses located in the United States and Canada to sell surplus and salvage assets; and AllSurplus, a centralized marketplace that connects global buyer base with assets from across the network of marketplaces in a single destination.