US Bancorp DE lifted its stake in shares of LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) by 1,624.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 32,658 shares of the company's stock after buying an additional 30,764 shares during the quarter. US Bancorp DE's holdings in LegalZoom.com were worth $245,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Barclays PLC grew its position in shares of LegalZoom.com by 308.5% during the third quarter. Barclays PLC now owns 224,782 shares of the company's stock worth $1,427,000 after buying an additional 169,761 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in LegalZoom.com by 14.4% in the third quarter. JPMorgan Chase & Co. now owns 567,675 shares of the company's stock valued at $3,605,000 after purchasing an additional 71,291 shares in the last quarter. Oak Harvest Investment Services acquired a new position in LegalZoom.com in the fourth quarter valued at approximately $751,000. Victory Capital Management Inc. boosted its holdings in LegalZoom.com by 97.2% in the third quarter. Victory Capital Management Inc. now owns 129,775 shares of the company's stock valued at $824,000 after purchasing an additional 63,980 shares in the last quarter. Finally, SG Americas Securities LLC boosted its holdings in LegalZoom.com by 44.8% in the fourth quarter. SG Americas Securities LLC now owns 90,104 shares of the company's stock valued at $677,000 after purchasing an additional 27,867 shares in the last quarter. 81.99% of the stock is owned by institutional investors and hedge funds.
LegalZoom.com Trading Down 1.8 %
Shares of LegalZoom.com stock traded down $0.17 during trading hours on Tuesday, hitting $9.39. 1,116,472 shares of the company were exchanged, compared to its average volume of 1,674,154. LegalZoom.com, Inc. has a 1 year low of $5.33 and a 1 year high of $13.58. The business has a 50-day moving average of $8.94 and a 200-day moving average of $7.89. The stock has a market capitalization of $1.65 billion, a price-to-earnings ratio of 72.24, a P/E/G ratio of 1.73 and a beta of 1.09.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on the company. Citigroup upped their price target on LegalZoom.com from $7.00 to $8.50 and gave the company a "neutral" rating in a report on Tuesday, November 26th. Barclays increased their price objective on LegalZoom.com from $8.00 to $9.00 and gave the company an "equal weight" rating in a report on Thursday, February 27th. JMP Securities reissued a "market perform" rating on shares of LegalZoom.com in a report on Tuesday, February 11th. UBS Group assumed coverage on LegalZoom.com in a report on Friday, December 6th. They issued a "neutral" rating and a $9.00 price objective for the company. Finally, JPMorgan Chase & Co. increased their price objective on LegalZoom.com from $9.00 to $11.00 and gave the company an "overweight" rating in a report on Tuesday, February 11th. Two 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. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $9.19.
View Our Latest Analysis on LZ
LegalZoom.com Company Profile
(
Free Report)
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.
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