Aviva PLC Acquires Shares of 76,764 LegalZoom.com, Inc. (NASDAQ:LZ)

Aviva PLC acquired a new stake in shares of LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 76,764 shares of the company's stock, valued at approximately $576,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LZ. Aigen Investment Management LP purchased a new stake in shares of LegalZoom.com during the 4th quarter valued at $76,000. Olympiad Research LP purchased a new stake in LegalZoom.com in the fourth quarter valued at about $78,000. Sei Investments Co. acquired a new stake in LegalZoom.com in the fourth quarter worth about $83,000. Cibc World Markets Corp purchased a new stake in shares of LegalZoom.com during the fourth quarter worth about $90,000. Finally, Lexington Partners L.P. purchased a new stake in shares of LegalZoom.com during the fourth quarter worth about $103,000. Hedge funds and other institutional investors own 81.99% of the company's stock.

LegalZoom.com Stock Down 0.3 %

Shares of NASDAQ:LZ traded down $0.02 during trading on Tuesday, hitting $7.07. 1,226,240 shares of the stock traded hands, compared to its average volume of 1,792,525. The company has a fifty day moving average price of $8.94 and a two-hundred day moving average price of $8.16. LegalZoom.com, Inc. has a 52-week low of $5.33 and a 52-week high of $12.76. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 54.39, a P/E/G ratio of 1.73 and a beta of 1.13.

Analysts Set New Price Targets

A number of analysts recently commented on LZ shares. William Blair reiterated a "market perform" rating on shares of LegalZoom.com in a research note on Thursday, February 27th. JPMorgan Chase & Co. lifted their price objective on shares of LegalZoom.com from $9.00 to $11.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 11th. Barclays upped their target price on LegalZoom.com from $8.00 to $9.00 and gave the company an "equal weight" rating in a research report on Thursday, February 27th. JMP Securities reaffirmed a "market perform" rating on shares of LegalZoom.com in a research report on Friday. Finally, Morgan Stanley increased their price objective on LegalZoom.com from $7.00 to $8.00 and gave the company an "underweight" rating in a report on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, LegalZoom.com has an average rating of "Hold" and a consensus target price of $9.19.

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LegalZoom.com Company Profile

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.