The purpose of this study was to determine the effect of the effect of liquidity and leverage on stock prices with profitability as a moderating variable in the property and real estate industries listed on the Indonesia Stock Exchange in the 2015-2019 period. The independent variable consists of liquidity, leverage, and the dependent variable is the stock price and profitability as a moderating variable.The total population in this study was 42 companies listed on the Indonesia Stock Exchange for the period 2015 - 2019. The sampling method used purposive sampling with a sample of 7 companies in accordance with certain criteria. The method of data analysis uses multiple linear regression with calculations using the SPSS program.The results showed that liquidity and profitability had a positive and significant effect on stock prices while leverage had a negative and significant effect on stock prices. Furthermore, the results of the study of profitability moderation variables are able to strengthen and significantly influence liquidity on prices while profitability moderation variables are able to weaken and significantly influence leverage on stock prices