New York State Common Retirement Fund Acquires 95,361 Shares of LegalZoom.com, Inc. (NASDAQ:LZ)

New York State Common Retirement Fund increased its position in LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) by 112.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 180,449 shares of the company's stock after acquiring an additional 95,361 shares during the quarter. New York State Common Retirement Fund owned about 0.10% of LegalZoom.com worth $1,355,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rhumbline Advisers lifted its position in shares of LegalZoom.com by 14.2% in the fourth quarter. Rhumbline Advisers now owns 215,199 shares of the company's stock valued at $1,616,000 after acquiring an additional 26,720 shares in the last quarter. Summit Trail Advisors LLC lifted its holdings in LegalZoom.com by 6.8% in the 4th quarter. Summit Trail Advisors LLC now owns 73,531 shares of the company's stock worth $552,000 after purchasing an additional 4,697 shares in the last quarter. Savant Capital LLC bought a new position in LegalZoom.com in the 4th quarter worth approximately $163,000. Oak Harvest Investment Services purchased a new stake in LegalZoom.com during the 4th quarter valued at approximately $751,000. Finally, Brighton Jones LLC bought a new stake in shares of LegalZoom.com during the fourth quarter valued at approximately $185,000. Institutional investors own 81.99% of the company's stock.

LegalZoom.com Price Performance

Shares of LegalZoom.com stock traded down $0.29 on Thursday, reaching $9.98. The company had a trading volume of 849,931 shares, compared to its average volume of 1,646,330. The firm's 50-day moving average price is $8.67 and its two-hundred day moving average price is $7.71. LegalZoom.com, Inc. has a 1 year low of $5.33 and a 1 year high of $13.74. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of 76.89, a P/E/G ratio of 1.73 and a beta of 1.13.

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Analyst Ratings Changes

A number of brokerages recently weighed in on LZ. JMP Securities restated a "market perform" rating on shares of LegalZoom.com in a research report on Tuesday, February 11th. William Blair reissued a "market perform" rating on shares of LegalZoom.com in a report on Thursday, February 27th. Citigroup lifted their target price on LegalZoom.com from $7.00 to $8.50 and gave the stock a "neutral" rating in a report on Tuesday, November 26th. Morgan Stanley boosted their target price on LegalZoom.com from $7.00 to $8.00 and gave the stock an "underweight" rating in a research report on Monday, January 13th. Finally, Barclays raised their price target on LegalZoom.com from $8.00 to $9.00 and gave the company an "equal weight" rating in a report on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $9.19.

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.