Liquidity Services, Inc. (NASDAQ:LQDT) Director Jaime Mateus-Tique Sells 50,000 Shares

Liquidity Services, Inc. (NASDAQ:LQDT) Director Jaime Mateus-Tique sold 50,000 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $33.22, for a total transaction of $1,661,000.00. Following the sale, the director now owns 103,660 shares in the company, valued at approximately $3,443,585.20. This trade represents a 32.54 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Liquidity Services Stock Down 1.4 %

Shares of NASDAQ:LQDT opened at $30.96 on Friday. The stock has a market cap of $951.74 million, a PE ratio of 49.14 and a beta of 1.42. The company’s fifty day moving average is $24.97 and its 200 day moving average is $22.48. Liquidity Services, Inc. has a 52 week low of $13.99 and a 52 week high of $36.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of LQDT. Franklin Resources Inc. boosted its holdings in Liquidity Services by 7.3% during the 3rd quarter. Franklin Resources Inc. now owns 15,009 shares of the business services provider’s stock valued at $339,000 after acquiring an additional 1,019 shares during the period. Barclays PLC lifted its position in 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 during the last quarter. Geode Capital Management LLC boosted its stake in shares of Liquidity Services by 0.5% during the third quarter. Geode Capital Management LLC now owns 515,584 shares of the business services provider’s stock valued at $11,757,000 after purchasing an additional 2,392 shares during the period. Jane Street Group LLC boosted its stake 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 period. Finally, State Street Corp grew its holdings 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. 71.15% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on LQDT. Craig Hallum increased their target price on Liquidity Services from $28.00 to $37.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Barrington Research reiterated an “outperform” rating and set a $27.00 price objective on shares of Liquidity Services in a research report on Tuesday, December 10th. Finally, StockNews.com upgraded Liquidity Services from a “buy” rating to a “strong-buy” rating in a research report on Saturday.

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.