Liquidity Services, Inc. (NASDAQ:LQDT) Shares Bought by Wells Fargo & Company MN

Wells Fargo & Company MN increased its stake in shares of Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) by 161.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 approximately 0.06% of Liquidity Services worth $615,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LQDT. Arrowstreet Capital Limited Partnership grew its stake in shares of 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 acquiring an additional 167,767 shares during the last quarter. Sei Investments Co. grew its position in Liquidity Services by 8.2% during the 4th quarter. Sei Investments Co. now owns 243,453 shares of the business services provider's stock worth $7,861,000 after purchasing an additional 18,450 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Liquidity Services by 1.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 205,353 shares of the business services provider's stock valued at $6,631,000 after buying an additional 3,077 shares during the period. Hillsdale Investment Management Inc. boosted its stake in shares of Liquidity Services by 0.7% in the fourth quarter. Hillsdale Investment Management Inc. now owns 192,908 shares of the business services provider's stock worth $6,229,000 after buying an additional 1,400 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Liquidity Services by 140.4% during the fourth quarter. JPMorgan Chase & Co. now owns 144,081 shares of the business services provider's stock worth $4,652,000 after acquiring an additional 84,154 shares during the period. Hedge funds and other institutional investors own 71.15% of the company's stock.

Liquidity Services Trading Down 12.1 %

LQDT traded down $3.82 during trading on Thursday, hitting $27.71. The company's stock had a trading volume of 677,835 shares, compared to its average volume of 211,103. Liquidity Services, Inc. has a twelve month low of $17.33 and a twelve month high of $39.72. The firm has a market capitalization of $860.09 million, a price-to-earnings ratio of 36.95 and a beta of 1.31. The business's fifty day simple moving average is $30.81 and its 200 day simple moving average is $30.29.

Liquidity Services (NASDAQ:LQDT - Get Free Report) last released its earnings results on Thursday, May 8th. The business services provider reported $0.31 earnings per share for the quarter, meeting the consensus estimate of $0.31. Liquidity Services had a return on equity of 20.94% and a net margin of 6.37%.

Analysts Set New Price Targets

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

Insider Transactions at Liquidity Services

In other news, EVP John Daunt sold 2,767 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $33.42, for a total value of $92,473.14. Following the completion of the transaction, the executive vice president now owns 43,309 shares of the company's stock, valued at approximately $1,447,386.78. This trade represents a 6.01 % decrease in their ownership of the stock. 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 29,169 shares of the company's stock in a transaction on Monday, April 7th. The stock was sold at an average price of $29.06, for a total value of $847,651.14. Following the sale, the director now directly owns 230,393 shares in the company, valued at $6,695,220.58. This represents a 11.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 173,758 shares of company stock worth $5,602,208 in the last ninety days. 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.