Vanguard Group Inc. Sells 144,074 Shares of Liquidity Services, Inc. (NASDAQ:LQDT)

Vanguard Group Inc. lessened its stake in shares of Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) by 7.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,722,712 shares of the business services provider's stock after selling 144,074 shares during the period. Vanguard Group Inc. owned approximately 5.59% of Liquidity Services worth $55,626,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in LQDT. Charles Schwab Investment Management Inc. grew its position in Liquidity Services by 3.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 202,276 shares of the business services provider's stock valued at $4,612,000 after purchasing an additional 6,341 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in Liquidity Services by 31.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 24,912 shares of the business services provider's stock valued at $568,000 after purchasing an additional 5,929 shares during the last quarter. State Street Corp raised its stake 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 worth $19,433,000 after purchasing an additional 13,947 shares during the last quarter. Jane Street Group LLC raised its holdings 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 valued at $1,258,000 after purchasing an additional 13,804 shares during the last quarter. Finally, Barclays PLC lifted its position in Liquidity Services by 307.3% during the third quarter. Barclays PLC now owns 39,427 shares of the business services provider's stock valued at $899,000 after purchasing an additional 29,746 shares during the period. 71.15% of the stock is owned by institutional investors.

Liquidity Services Price Performance

Shares of NASDAQ:LQDT traded up $0.06 during midday trading on Thursday, hitting $31.06. The company had a trading volume of 34,450 shares, compared to its average volume of 336,803. The company has a fifty day moving average of $31.82 and a two-hundred day moving average of $29.35. The company has a market cap of $963.92 million, a price-to-earnings ratio of 41.42 and a beta of 1.39. Liquidity Services, Inc. has a 12-month low of $16.79 and a 12-month high of $39.72.

Liquidity Services (NASDAQ:LQDT - Get Free Report) last announced 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 net margin of 6.37% and a return on equity of 20.94%.

Insider Transactions at Liquidity Services

In other news, Director Jaime Mateus-Tique sold 931 shares of the business's stock in a transaction that occurred on Wednesday, April 9th. The stock was sold at an average price of $29.43, for a total transaction of $27,399.33. Following the transaction, the director now owns 224,562 shares of the company's stock, valued at approximately $6,608,859.66. The trade was a 0.41 % 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 Beatriz V. Infante sold 5,000 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $35.36, for a total transaction of $176,800.00. Following the completion of the sale, the director now directly owns 82,990 shares in the company, valued at approximately $2,934,526.40. This represents a 5.68 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 143,758 shares of company stock valued at $4,668,608 in the last ninety days. Corporate insiders own 28.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on LQDT. Barrington Research reissued an "outperform" rating and set 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.

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.