Kazazian Asset Management LLC Takes Position in LegalZoom.com, Inc. (NASDAQ:LZ)

Kazazian Asset Management LLC acquired a new stake in LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 449,338 shares of the company's stock, valued at approximately $3,375,000. LegalZoom.com comprises 2.6% of Kazazian Asset Management LLC's holdings, making the stock its 7th biggest position. Kazazian Asset Management LLC owned approximately 0.26% of LegalZoom.com as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LZ. Barclays PLC grew its holdings in LegalZoom.com by 308.5% during the third quarter. Barclays PLC now owns 224,782 shares of the company's stock worth $1,427,000 after acquiring an additional 169,761 shares during the period. Pathway Capital Management LP acquired a new position in LegalZoom.com during the fourth quarter worth $2,387,000. JPMorgan Chase & Co. grew its holdings in LegalZoom.com by 14.4% during the third quarter. JPMorgan Chase & Co. now owns 567,675 shares of the company's stock worth $3,605,000 after acquiring an additional 71,291 shares during the period. Oak Harvest Investment Services acquired a new position in LegalZoom.com during the fourth quarter worth $751,000. Finally, Citizens Financial Group Inc. RI grew its holdings in LegalZoom.com by 11.3% during the fourth quarter. Citizens Financial Group Inc. RI now owns 545,404 shares of the company's stock worth $4,096,000 after acquiring an additional 55,336 shares during the period. Hedge funds and other institutional investors own 81.99% of the company's stock.

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Analyst Ratings Changes

A number of research analysts recently weighed in on LZ shares. Barclays upped their price objective on LegalZoom.com from $8.00 to $9.00 and gave the stock an "equal weight" rating in a report on Thursday, February 27th. JPMorgan Chase & Co. boosted their target price on LegalZoom.com from $9.00 to $11.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. Citigroup boosted their target price on LegalZoom.com from $7.00 to $8.50 and gave the stock a "neutral" rating in a research report on Tuesday, November 26th. Morgan Stanley boosted their target price on LegalZoom.com from $7.00 to $8.00 and gave the stock an "underweight" rating in a research report on Monday, January 13th. Finally, William Blair reiterated a "market perform" rating on shares of LegalZoom.com in a research report on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $9.19.

LegalZoom.com Price Performance

NASDAQ:LZ traded down $0.10 during mid-day trading on Friday, reaching $9.32. The company's stock had a trading volume of 2,362,208 shares, compared to its average volume of 1,692,355. The company's fifty day simple moving average is $9.08 and its two-hundred day simple moving average is $7.96. LegalZoom.com, Inc. has a twelve month low of $5.33 and a twelve month high of $13.56. The stock has a market cap of $1.64 billion, a P/E ratio of 71.70, a P/E/G ratio of 1.73 and a beta of 1.09.

About LegalZoom.com

LegalZoom.com, Inc, together with its subsidiaries, operates an online platform that supports the legal, compliance, and business management needs of small businesses and consumers in the United States. The company's platform offers business formation products, such as limited liability company, incorporation of C and S corporations, nonprofit formations, doing-business-as, corporate changes and filings, business licenses, legal forms, and beneficial ownership information reports; intellectual property products consisting of trademark and patent applications, and copyright registrations; and tax services, including business and personal tax preparations.