Blair William & Co. IL Cuts Stock Holdings in LegalZoom.com, Inc. (NASDAQ:LZ)

Blair William & Co. IL cut its holdings in LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) by 72.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 170,096 shares of the company's stock after selling 436,688 shares during the period. Blair William & Co. IL owned about 0.10% of LegalZoom.com worth $1,277,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of LZ. Quarry LP increased its holdings in LegalZoom.com by 83.4% during the third quarter. Quarry LP now owns 8,206 shares of the company's stock worth $52,000 after buying an additional 3,732 shares during the last quarter. Wexford Capital LP purchased a new stake in shares of LegalZoom.com during the 3rd quarter worth approximately $64,000. Aigen Investment Management LP bought a new stake in shares of LegalZoom.com in the 4th quarter worth approximately $76,000. Olympiad Research LP purchased a new position in LegalZoom.com in the fourth quarter valued at approximately $78,000. Finally, Paloma Partners Management Co purchased a new position in LegalZoom.com in the third quarter valued at approximately $81,000. 81.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LZ has been the topic of several research reports. William Blair restated a "market perform" rating on shares of LegalZoom.com in a research note on Thursday, February 27th. JMP Securities restated a "market perform" rating on shares of LegalZoom.com in a research note on Tuesday, February 11th. JPMorgan Chase & Co. increased their target price on shares of LegalZoom.com from $9.00 to $11.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. Barclays boosted their price target on shares of LegalZoom.com from $8.00 to $9.00 and gave the company an "equal weight" rating in a research report on Thursday, February 27th. Finally, Morgan Stanley raised their price objective 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. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, LegalZoom.com has a consensus rating of "Hold" and an average target price of $9.19.

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LegalZoom.com Stock Down 4.5 %

NASDAQ:LZ traded down $0.35 during mid-day trading on Monday, hitting $7.49. 2,738,710 shares of the stock traded hands, compared to its average volume of 1,758,578. The business's 50-day moving average price is $9.17 and its 200 day moving average price is $8.13. The company has a market cap of $1.32 billion, a PE ratio of 57.62, 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 $13.36.

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.