LegalZoom.com, Inc. (NASDAQ:LZ) Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd cut its stake in shares of LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) by 35.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 110,084 shares of the company's stock after selling 60,097 shares during the period. Y Intercept Hong Kong Ltd owned about 0.06% of LegalZoom.com worth $827,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in LZ. Quarry LP grew its holdings in shares of LegalZoom.com by 83.4% in the third quarter. Quarry LP now owns 8,206 shares of the company's stock valued at $52,000 after purchasing an additional 3,732 shares during the period. Nisa Investment Advisors LLC grew its stake in shares of LegalZoom.com by 179.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 6,099 shares of the company's stock valued at $39,000 after buying an additional 3,919 shares during the period. Summit Trail Advisors LLC increased its holdings in shares of LegalZoom.com by 6.8% during the 4th quarter. Summit Trail Advisors LLC now owns 73,531 shares of the company's stock worth $552,000 after buying an additional 4,697 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its position in shares of LegalZoom.com by 72.1% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 22,278 shares of the company's stock valued at $141,000 after buying an additional 9,330 shares during the period. Finally, Wexford Capital LP purchased a new stake in shares of LegalZoom.com during the 3rd quarter valued at approximately $64,000. 81.99% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

Several equities research analysts have issued reports on LZ shares. Citigroup raised their target price on LegalZoom.com from $7.00 to $8.50 and gave the stock a "neutral" rating in a research note on Tuesday, November 26th. Barclays raised their price objective on LegalZoom.com from $8.00 to $9.00 and gave the stock an "equal weight" rating in a research report on Thursday. Morgan Stanley upped their target price on shares of LegalZoom.com from $7.00 to $8.00 and gave the company an "underweight" rating in a research report on Monday, January 13th. JMP Securities reiterated a "market perform" rating on shares of LegalZoom.com in a research report on Tuesday, February 11th. Finally, William Blair restated a "market perform" rating on shares of LegalZoom.com in a report on Thursday. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $9.19.

LegalZoom.com Stock Down 2.1 %

LegalZoom.com stock traded down $0.22 during mid-day trading on Monday, reaching $9.95. 2,916,324 shares of the company's stock were exchanged, compared to its average volume of 2,077,685. LegalZoom.com, Inc. has a twelve month low of $5.33 and a twelve month high of $13.74. The company has a market cap of $1.75 billion, a P/E ratio of 76.51, a P/E/G ratio of 1.73 and a beta of 1.13. The company has a fifty day moving average of $8.53 and a 200-day moving average of $7.64.

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.