Alliancebernstein L.P. Raises Holdings in Liquidity Services, Inc. (NASDAQ:LQDT)

Alliancebernstein L.P. lifted its position in shares of Liquidity Services, Inc. (NASDAQ:LQDT) by 25.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,084 shares of the business services provider’s stock after purchasing an additional 4,756 shares during the period. Alliancebernstein L.P. owned about 0.07% of Liquidity Services worth $745,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. State Street Corp increased its stake in 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 purchasing an additional 13,947 shares during the period. Geode Capital Management LLC lifted its stake in shares of Liquidity Services by 0.5% in the 3rd 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. Arrowstreet Capital Limited Partnership raised its stake in shares of Liquidity Services by 57.9% during the 4th 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. Sei Investments Co. grew its holdings in Liquidity Services by 8.2% during the fourth quarter. Sei Investments Co. now owns 243,453 shares of the business services provider’s stock worth $7,861,000 after acquiring an additional 18,450 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Liquidity Services by 1.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 205,353 shares of the business services provider’s stock worth $6,631,000 after acquiring an additional 3,077 shares during the period. 71.15% of the stock is owned by institutional investors and hedge funds.

Liquidity Services Price Performance

LQDT opened at $30.99 on Friday. Liquidity Services, Inc. has a 12 month low of $17.07 and a 12 month high of $39.72. The business has a 50-day moving average of $31.70 and a two-hundred day moving average of $29.51. The stock has a market capitalization of $961.90 million, a price-to-earnings ratio of 41.32 and a beta of 1.39.

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

Analysts Set New Price Targets

Several equities analysts recently weighed in on LQDT shares. StockNews.com downgraded Liquidity Services from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 4th. Barrington Research reissued an “outperform” rating and issued a $40.00 price target on shares of Liquidity Services in a report on Wednesday, March 19th.

Insider Buying and Selling at Liquidity Services

In other news, Director Jaime Mateus-Tique sold 29,169 shares of Liquidity Services stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $29.06, for a total transaction of $847,651.14. Following the sale, the director now owns 230,393 shares in the company, valued at $6,695,220.58. This trade represents a 11.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Mark A. Shaffer sold 6,005 shares of the firm’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $35.59, for a total transaction of $213,717.95. Following the sale, the vice president now directly owns 36,083 shares of the company’s stock, valued at approximately $1,284,193.97. The trade was a 14.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 143,758 shares of company stock valued at $4,668,608 over the last three months. 28.40% of the stock is owned by company 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.