Liquidity Services, Inc. (NASDAQ:LQDT) Director Edward Kolodzieski Sells 2,000 Shares

Liquidity Services, Inc. (NASDAQ:LQDT) Director Edward Kolodzieski sold 2,000 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $31.90, for a total transaction of $63,800.00. Following the sale, the director now directly owns 17,229 shares in the company, valued at approximately $549,605.10. This trade represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Edward Kolodzieski also recently made the following trade(s):

• On Friday, December 20th, Edward Kolodzieski sold 26,000 shares of Liquidity Services stock. The shares were sold at an average price of $31.29, for a total transaction of $813,540.00.

Liquidity Services Price Performance

NASDAQ LQDT opened at $31.72 on Wednesday. The company’s 50 day simple moving average is $25.49 and its two-hundred day simple moving average is $22.77. Liquidity Services, Inc. has a 1 year low of $13.99 and a 1 year high of $36.00. The stock has a market capitalization of $968.41 million, a PE ratio of 50.35 and a beta of 1.42.

Institutional Investors Weigh In On Liquidity Services

A number of institutional investors and hedge funds have recently made changes to their positions in LQDT. Franklin Resources Inc. grew its position in Liquidity Services by 7.3% during the third quarter. Franklin Resources Inc. now owns 15,009 shares of the business services provider’s stock worth $339,000 after buying an additional 1,019 shares in the last quarter. Barclays PLC grew its holdings in shares of Liquidity Services by 307.3% during the third quarter. Barclays PLC now owns 39,427 shares of the business services provider’s stock worth $899,000 after purchasing an additional 29,746 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Liquidity Services by 0.5% in the third 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. Jane Street Group LLC increased its position in shares of Liquidity Services by 33.4% in the third quarter. Jane Street Group LLC now owns 55,173 shares of the business services provider’s stock worth $1,258,000 after purchasing an additional 13,804 shares during the last quarter. Finally, State Street Corp raised 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 in the last quarter. Hedge funds and other institutional investors own 71.15% of the company’s stock.

Analysts Set New Price Targets

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

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.