Geode Capital Management LLC Sells 1,805 Shares of Liquidity Services, Inc. (NASDAQ:LQDT)

Geode Capital Management LLC trimmed its holdings in shares of Liquidity Services, Inc. (NASDAQ:LQDT) by 0.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 513,779 shares of the business services provider’s stock after selling 1,805 shares during the quarter. Geode Capital Management LLC owned approximately 1.66% of Liquidity Services worth $16,593,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd bought a new stake in shares of Liquidity Services during the 4th quarter valued at $38,000. R Squared Ltd purchased a new stake in Liquidity Services in the 4th quarter worth $66,000. KLP Kapitalforvaltning AS bought a new stake in Liquidity Services during the fourth quarter valued at about $132,000. GAMMA Investing LLC lifted its position in shares of Liquidity Services by 11.2% in the fourth quarter. GAMMA Investing LLC now owns 4,849 shares of the business services provider’s stock valued at $157,000 after acquiring an additional 487 shares in the last quarter. Finally, Longboard Asset Management LP bought a new position in shares of Liquidity Services in the fourth quarter worth about $200,000. 71.15% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, VP Mark A. Shaffer sold 3,633 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $34.70, for a total transaction of $126,065.10. Following the sale, the vice president now owns 46,200 shares of the company’s stock, valued at $1,603,140. This trade represents a 7.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Steven Weiskircher sold 10,815 shares of Liquidity Services stock in a transaction dated Monday, February 10th. The shares were 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 disclosure for this sale can be found here. In the last three months, insiders have sold 143,758 shares of company stock worth $4,668,608. 28.40% of the stock is currently owned by company insiders.

Liquidity Services Price Performance

Shares of LQDT stock opened at $30.99 on Monday. The company has a market capitalization of $961.90 million, a P/E ratio of 41.32 and a beta of 1.39. The company’s 50-day simple moving average is $31.70 and its two-hundred day simple moving average is $29.57. Liquidity Services, Inc. has a one year low of $17.07 and a one year high of $39.72.

Liquidity Services (NASDAQ:LQDT) last posted its quarterly earnings results on Thursday, February 6th. The business services provider reported $0.28 EPS for the quarter, beating 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%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. 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. StockNews.com downgraded shares of Liquidity Services from a “strong-buy” rating to a “buy” rating in a 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.