Wells Fargo & Company MN Has $615,000 Position in Liquidity Services, Inc. (NASDAQ:LQDT)

Wells Fargo & Company MN lifted its holdings in Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) by 161.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 19,061 shares of the business services provider's stock after purchasing an additional 11,763 shares during the quarter. Wells Fargo & Company MN owned about 0.06% of Liquidity Services worth $615,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of LQDT. Barclays PLC lifted its holdings in shares of Liquidity Services by 307.3% in 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 in the last quarter. JPMorgan Chase & Co. boosted its position in Liquidity Services by 102.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 59,927 shares of the business services provider's stock worth $1,366,000 after acquiring an additional 30,360 shares during the last quarter. GAMMA Investing LLC boosted its position in Liquidity Services by 11.2% during the 4th quarter. GAMMA Investing LLC now owns 4,849 shares of the business services provider's stock worth $157,000 after acquiring an additional 487 shares during the last quarter. Wesbanco Bank Inc. bought a new position in shares of Liquidity Services during the 4th quarter worth approximately $226,000. Finally, Exchange Traded Concepts LLC raised its holdings in shares of Liquidity Services by 2.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 35,493 shares of the business services provider's stock valued at $1,146,000 after purchasing an additional 900 shares during the last quarter. 71.15% of the stock is currently owned by institutional investors and hedge funds.

Liquidity Services Stock Up 0.7 %

Shares of NASDAQ LQDT traded up $0.22 during trading hours on Tuesday, hitting $31.85. The company had a trading volume of 194,514 shares, compared to its average volume of 208,031. Liquidity Services, Inc. has a 1-year low of $17.33 and a 1-year high of $39.72. The firm's 50 day moving average is $30.87 and its 200-day moving average is $30.27. The stock has a market capitalization of $988.59 million, a P/E ratio of 42.47 and a beta of 1.31.

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, beating analysts' consensus estimates of $0.22 by $0.06. Liquidity Services had a net margin of 6.37% and a return on equity of 20.94%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Barrington Research reaffirmed an "outperform" rating and issued a $40.00 target price on shares of Liquidity Services in a research report on Wednesday, March 19th. StockNews.com cut Liquidity Services from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 4th.

Insiders Place Their Bets

In related news, VP Mark A. Shaffer sold 3,633 shares of the business's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $34.70, for a total transaction of $126,065.10. Following the transaction, the vice president now directly owns 46,200 shares of the company's stock, valued at approximately $1,603,140. The trade was a 7.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Steven Weiskircher sold 10,815 shares of the firm's 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 sale, the senior vice president now directly owns 58,401 shares of the company's stock, valued at $1,985,049.99. This represents a 15.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 163,758 shares of company stock valued at $5,286,708 over the last 90 days. 28.40% of the stock is currently owned by insiders.

About Liquidity Services

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.