LegalZoom.com, Inc. (NASDAQ:LZ) Shares Purchased by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. lifted its stake in LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) by 138.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 106,181 shares of the company's stock after acquiring an additional 61,689 shares during the quarter. Landscape Capital Management L.L.C. owned 0.06% of LegalZoom.com worth $797,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in LZ. Vanguard Group Inc. increased its position in shares of LegalZoom.com by 14.5% during the 4th quarter. Vanguard Group Inc. now owns 20,271,769 shares of the company's stock valued at $152,241,000 after purchasing an additional 2,574,700 shares during the last quarter. Franklin Resources Inc. grew its position in LegalZoom.com by 0.9% during the fourth quarter. Franklin Resources Inc. now owns 3,094,594 shares of the company's stock valued at $23,240,000 after buying an additional 26,607 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in LegalZoom.com by 2.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,232,747 shares of the company's stock valued at $9,258,000 after buying an additional 34,914 shares during the last quarter. JPMorgan Chase & Co. raised its position in LegalZoom.com by 103.2% in the fourth quarter. JPMorgan Chase & Co. now owns 1,153,409 shares of the company's stock worth $8,662,000 after acquiring an additional 585,734 shares during the period. Finally, Norges Bank purchased a new position in shares of LegalZoom.com during the 4th quarter worth $5,769,000. 81.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

LegalZoom.com Trading Down 2.6 %

Shares of LZ stock traded down $0.19 during trading hours on Friday, hitting $7.13. The company's stock had a trading volume of 2,277,794 shares, compared to its average volume of 1,790,054. The company has a 50 day moving average of $8.98 and a 200 day moving average of $8.15. The stock has a market cap of $1.26 billion, a PE ratio of 54.85, a price-to-earnings-growth ratio of 1.73 and a beta of 1.13. LegalZoom.com, Inc. has a 12-month low of $5.33 and a 12-month high of $12.85.

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.