JPMorgan Chase & Co. Has $4.65 Million Holdings in Liquidity Services, Inc. (NASDAQ:LQDT)

JPMorgan Chase & Co. raised its position in Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) by 140.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 144,081 shares of the business services provider's stock after purchasing an additional 84,154 shares during the period. JPMorgan Chase & Co. owned 0.47% of Liquidity Services worth $4,652,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of LQDT. State Street Corp boosted its holdings in shares of Liquidity Services by 1.7% in the third quarter. State Street Corp now owns 852,306 shares of the business services provider's stock valued at $19,433,000 after acquiring an additional 13,947 shares during the period. Jane Street Group LLC increased its stake in shares of Liquidity Services by 33.4% during the third quarter. Jane Street Group LLC now owns 55,173 shares of the business services provider's stock worth $1,258,000 after acquiring an additional 13,804 shares during the period. Barclays PLC increased its stake in shares of Liquidity Services by 307.3% during the third quarter. Barclays PLC now owns 39,427 shares of the business services provider's stock worth $899,000 after acquiring an additional 29,746 shares during the period. Geode Capital Management LLC increased its stake in shares of Liquidity Services by 0.5% during the third quarter. Geode Capital Management LLC now owns 515,584 shares of the business services provider's stock worth $11,757,000 after acquiring an additional 2,392 shares during the period. Finally, Franklin Resources Inc. increased its stake in shares of Liquidity Services by 7.3% during the third quarter. Franklin Resources Inc. now owns 15,009 shares of the business services provider's stock worth $339,000 after acquiring an additional 1,019 shares during the period. 71.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LQDT has been the topic of several recent analyst reports. Barrington Research restated an "outperform" rating and set a $40.00 target price on shares of Liquidity Services in a research report on Wednesday, March 19th. StockNews.com lowered shares of Liquidity Services from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 4th.

Liquidity Services Stock Up 0.1 %

LQDT stock traded up $0.04 during midday trading on Thursday, reaching $31.35. The company had a trading volume of 17,319 shares, compared to its average volume of 204,555. The stock has a 50 day moving average price of $31.39 and a 200 day moving average price of $29.64. The firm has a market capitalization of $973.07 million, a PE ratio of 41.80 and a beta of 1.39. Liquidity Services, Inc. has a fifty-two week low of $17.07 and a fifty-two week high of $39.72.

Liquidity Services (NASDAQ:LQDT - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The business services provider reported $0.28 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $0.06. Liquidity Services had a return on equity of 20.94% and a net margin of 6.37%.

Insider Activity

In related news, SVP Steven Weiskircher sold 10,815 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $33.99, for a total value of $367,601.85. Following the completion of the transaction, the senior vice president now owns 58,401 shares in the company, valued at $1,985,049.99. This trade represents a 15.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jaime Mateus-Tique sold 35,000 shares of Liquidity Services stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $31.93, for a total value of $1,117,550.00. Following the sale, the director now directly owns 298,262 shares in the company, valued at $9,523,505.66. The trade was a 10.50 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 153,758 shares of company stock valued at $4,971,108. Insiders own 28.40% of the company's stock.

Liquidity Services Company 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.