Wellington Management Group LLP Has $8.44 Million Position in Liquidity Services, Inc. (NASDAQ:LQDT)

Wellington Management Group LLP decreased its holdings in Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) by 30.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 370,053 shares of the business services provider's stock after selling 158,247 shares during the quarter. Wellington Management Group LLP owned 1.21% of Liquidity Services worth $8,437,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Royce & Associates LP acquired a new stake in Liquidity Services during the 3rd quarter worth about $488,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Liquidity Services during the third quarter valued at approximately $1,311,000. Intech Investment Management LLC purchased a new stake in shares of Liquidity Services in the 3rd quarter valued at approximately $518,000. Acadian Asset Management LLC lifted its position in shares of Liquidity Services by 15.7% in the 2nd quarter. Acadian Asset Management LLC now owns 503,600 shares of the business services provider's stock valued at $10,060,000 after acquiring an additional 68,407 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in Liquidity Services by 31.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 24,912 shares of the business services provider's stock worth $568,000 after purchasing an additional 5,929 shares during the period. Institutional investors own 71.15% of the company's stock.

Liquidity Services Trading Down 6.3 %

LQDT stock traded down $2.23 during midday trading on Monday, reaching $33.31. The company had a trading volume of 1,091,831 shares, compared to its average volume of 132,231. The company has a 50 day moving average of $24.41 and a two-hundred day moving average of $22.27. The company has a market capitalization of $1.02 billion, a P/E ratio of 52.87 and a beta of 1.42. Liquidity Services, Inc. has a 1 year low of $13.99 and a 1 year high of $36.00.

Analysts Set New Price Targets

Several analysts have issued reports on LQDT shares. Craig Hallum boosted their target price on shares of Liquidity Services from $28.00 to $37.00 and gave the company a "buy" rating in a research note on Friday. Barrington Research reissued an "outperform" rating and set a $27.00 price target on shares of Liquidity Services in a research report on Tuesday, December 10th. Finally, StockNews.com lowered Liquidity Services from a "strong-buy" rating to a "buy" rating in a research report on Friday.

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.