JPMorgan Chase & Co. Has $1.37 Million Stock Position in Liquidity Services, Inc. (NASDAQ:LQDT)

JPMorgan Chase & Co. lifted its stake in Liquidity Services, Inc. (NASDAQ:LQDT) by 102.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 59,927 shares of the business services provider’s stock after purchasing an additional 30,360 shares during the period. JPMorgan Chase & Co.’s holdings in Liquidity Services were worth $1,366,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Pacer Advisors Inc. boosted its position in shares of Liquidity Services by 9.5% in the 3rd quarter. Pacer Advisors Inc. now owns 881,234 shares of the business services provider’s stock worth $20,092,000 after purchasing an additional 76,794 shares during the last quarter. State Street Corp boosted its position in shares of Liquidity Services by 1.7% in the 3rd 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. Geode Capital Management LLC boosted its position 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 purchasing an additional 2,392 shares during the last quarter. Rice Hall James & Associates LLC boosted its position in shares of Liquidity Services by 1.3% in the 3rd quarter. Rice Hall James & Associates LLC now owns 367,302 shares of the business services provider’s stock worth $8,374,000 after purchasing an additional 4,838 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in shares of Liquidity Services by 4.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 237,725 shares of the business services provider’s stock worth $5,420,000 after purchasing an additional 11,022 shares during the last quarter. 71.15% of the stock is currently owned by institutional investors.

Insider Activity at Liquidity Services

In related news, CFO Jorge Celaya sold 16,540 shares of Liquidity Services stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $34.10, for a total value of $564,014.00. Following the sale, the chief financial officer now owns 33,608 shares of the company’s stock, valued at approximately $1,146,032.80. The trade was a 32.98 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Edward Kolodzieski sold 2,000 shares of Liquidity Services stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $32.90, for a total value of $65,800.00. Following the transaction, the director now owns 15,229 shares of the company’s stock, valued at $501,034.10. The trade was a 11.61 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 101,668 shares of company stock valued at $3,331,558. 29.77% of the stock is owned by insiders.

Liquidity Services Price Performance

LQDT opened at $36.10 on Friday. The business’s 50-day moving average price is $30.24 and its two-hundred day moving average price is $24.88. Liquidity Services, Inc. has a 1 year low of $13.99 and a 1 year high of $36.64. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of 57.30 and a beta of 1.37.

Liquidity Services (NASDAQ:LQDT) last released its quarterly earnings results on Thursday, December 12th. The business services provider reported $0.32 earnings per share (EPS) for the quarter. Liquidity Services had a return on equity of 18.99% and a net margin of 5.50%. During the same period in the prior year, the business posted $0.26 EPS.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on LQDT shares. Barrington Research restated an “outperform” rating and issued a $27.00 price target on shares of Liquidity Services in a research report on Tuesday, December 10th. StockNews.com upgraded Liquidity Services from a “buy” rating to a “strong-buy” rating in a report on Saturday, December 21st. Finally, Craig Hallum lifted their target price on Liquidity Services from $28.00 to $37.00 and gave the stock a “buy” rating in a report on Friday, December 13th.

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.