Dynamic Technology Lab Private Ltd Takes $303,000 Position in LegalZoom.com, Inc. (NASDAQ:LZ)

Dynamic Technology Lab Private Ltd purchased a new position in LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 40,404 shares of the company's stock, valued at approximately $303,000.

A number of other large investors also recently modified their holdings of LZ. Wells Fargo & Company MN grew its position in LegalZoom.com by 34.1% during the fourth quarter. Wells Fargo & Company MN now owns 59,884 shares of the company's stock worth $450,000 after buying an additional 15,232 shares in the last quarter. Landscape Capital Management L.L.C. boosted its position in shares of LegalZoom.com by 138.7% during the 4th quarter. Landscape Capital Management L.L.C. now owns 106,181 shares of the company's stock valued at $797,000 after acquiring an additional 61,689 shares during the last quarter. Trexquant Investment LP grew its holdings in shares of LegalZoom.com by 29.7% during the fourth quarter. Trexquant Investment LP now owns 277,580 shares of the company's stock worth $2,085,000 after purchasing an additional 63,502 shares in the last quarter. Franklin Resources Inc. raised its stake in LegalZoom.com by 0.9% in the fourth quarter. Franklin Resources Inc. now owns 3,094,594 shares of the company's stock valued at $23,240,000 after purchasing an additional 26,607 shares in the last quarter. Finally, Alliancebernstein L.P. raised its stake in LegalZoom.com by 28.0% in the fourth quarter. Alliancebernstein L.P. now owns 492,890 shares of the company's stock valued at $3,702,000 after purchasing an additional 107,910 shares in the last quarter. 81.99% of the stock is currently owned by institutional investors.

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LegalZoom.com Price Performance

NASDAQ LZ traded down $0.02 during trading hours on Tuesday, reaching $7.07. 1,226,240 shares of the company's stock traded hands, compared to its average volume of 1,792,525. The firm has a market cap of $1.24 billion, a PE ratio of 54.39, a PEG ratio of 1.73 and a beta of 1.13. LegalZoom.com, Inc. has a 52-week low of $5.33 and a 52-week high of $12.76. The firm has a 50-day simple moving average of $8.94 and a 200 day simple moving average of $8.16.

Analyst Ratings Changes

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

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.