Swiss National Bank Has $1.43 Million Position in LegalZoom.com, Inc. (NASDAQ:LZ)

Swiss National Bank trimmed its position in shares of LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) by 21.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 189,900 shares of the company's stock after selling 51,300 shares during the period. Swiss National Bank owned 0.11% of LegalZoom.com worth $1,426,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Intech Investment Management LLC acquired a new stake in shares of LegalZoom.com in the third quarter valued at approximately $228,000. Charles Schwab Investment Management Inc. raised its stake in LegalZoom.com by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,197,833 shares of the company's stock valued at $7,606,000 after acquiring an additional 32,085 shares during the period. Quantbot Technologies LP acquired a new stake in LegalZoom.com during the 3rd quarter valued at $508,000. Walleye Capital LLC boosted its position in LegalZoom.com by 450.2% during the third quarter. Walleye Capital LLC now owns 24,246 shares of the company's stock worth $154,000 after purchasing an additional 19,839 shares during the period. Finally, Edgestream Partners L.P. increased its holdings in shares of LegalZoom.com by 313.2% in the third quarter. Edgestream Partners L.P. now owns 191,857 shares of the company's stock valued at $1,218,000 after purchasing an additional 145,425 shares during the last quarter. 81.99% of the stock is owned by institutional investors.

LegalZoom.com Trading Up 1.7 %

NASDAQ LZ traded up $0.15 during midday trading on Wednesday, hitting $8.87. The company had a trading volume of 1,710,855 shares, compared to its average volume of 1,740,022. The company has a market capitalization of $1.56 billion, a PE ratio of 68.24, a P/E/G ratio of 1.73 and a beta of 1.09. LegalZoom.com, Inc. has a twelve month low of $5.33 and a twelve month high of $13.50. The firm has a 50-day moving average price of $9.22 and a 200-day moving average price of $8.10.

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Analysts Set New Price Targets

Several brokerages recently commented on LZ. William Blair reaffirmed a "market perform" rating on shares of LegalZoom.com in a report on Thursday, February 27th. JMP Securities restated a "market perform" rating on shares of LegalZoom.com in a report on Tuesday, February 11th. JPMorgan Chase & Co. upped their target price on LegalZoom.com from $9.00 to $11.00 and gave the company an "overweight" rating in a research report on Tuesday, February 11th. Barclays lifted their price target on LegalZoom.com from $8.00 to $9.00 and gave the stock an "equal weight" rating in a report on Thursday, February 27th. Finally, UBS Group began coverage on LegalZoom.com in a research note on Friday, December 6th. They issued a "neutral" rating and a $9.00 price target for the company. Two equities research 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, the company has a consensus rating of "Hold" and an average price target of $9.19.

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.