Geode Capital Management LLC Has $18.45 Million Position in LegalZoom.com, Inc. (NASDAQ:LZ)

Geode Capital Management LLC decreased its holdings in shares of LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) by 4.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,904,866 shares of the company's stock after selling 139,238 shares during the quarter. Geode Capital Management LLC owned about 1.68% of LegalZoom.com worth $18,449,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. nVerses Capital LLC raised its stake in shares of LegalZoom.com by 16.2% during the third quarter. nVerses Capital LLC now owns 15,800 shares of the company's stock valued at $100,000 after purchasing an additional 2,200 shares during the period. Quarry LP increased its stake in LegalZoom.com by 318.9% during the 2nd quarter. Quarry LP now owns 4,474 shares of the company's stock worth $38,000 after buying an additional 3,406 shares during the period. Nisa Investment Advisors LLC increased its stake in LegalZoom.com by 179.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 6,099 shares of the company's stock worth $39,000 after buying an additional 3,919 shares during the period. Lombard Odier Asset Management USA Corp boosted its position in LegalZoom.com by 29.6% in the 2nd quarter. Lombard Odier Asset Management USA Corp now owns 22,795 shares of the company's stock valued at $191,000 after buying an additional 5,208 shares during the last quarter. Finally, Quest Partners LLC grew its stake in shares of LegalZoom.com by 43.8% during the second quarter. Quest Partners LLC now owns 21,943 shares of the company's stock valued at $184,000 after acquiring an additional 6,682 shares in the last quarter. 81.99% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on LZ. William Blair began coverage on shares of LegalZoom.com in a research note on Monday, September 16th. They set a "market perform" rating on the stock. UBS Group initiated coverage on LegalZoom.com in a report on Friday, December 6th. They issued a "neutral" rating and a $9.00 price objective for the company. Barclays lifted their target price on LegalZoom.com from $7.00 to $8.00 and gave the stock an "equal weight" rating in a research report on Monday, November 11th. JPMorgan Chase & Co. reissued an "underweight" rating and set a $8.00 price target on shares of LegalZoom.com in a research report on Friday, November 8th. Finally, JMP Securities reiterated a "market perform" rating on shares of LegalZoom.com in a research note on Friday, September 13th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $8.79.

LegalZoom.com Trading Down 1.1 %

Shares of NASDAQ LZ traded down $0.09 during mid-day trading on Friday, reaching $7.82. The company had a trading volume of 924,693 shares, compared to its average volume of 1,541,128. The company has a 50-day moving average price of $7.80 and a two-hundred day moving average price of $7.15. The stock has a market cap of $1.35 billion, a PE ratio of 60.16, a P/E/G ratio of 1.81 and a beta of 1.10. LegalZoom.com, Inc. has a 1-year low of $5.33 and a 1-year high of $13.74.

LegalZoom.com (NASDAQ:LZ - Get Free Report) last announced its earnings results on Wednesday, November 6th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.15 by $0.02. LegalZoom.com had a net margin of 3.61% and a return on equity of 32.88%. The company had revenue of $168.60 million during the quarter, compared to analysts' expectations of $167.66 million. During the same period last year, the company posted $0.05 earnings per share. The business's revenue for the quarter was up .8% on a year-over-year basis. On average, research analysts expect that LegalZoom.com, Inc. will post 0.25 EPS for the current year.

LegalZoom.com 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.