Vanguard Group Inc. Has $152.24 Million Stock Holdings in LegalZoom.com, Inc. (NASDAQ:LZ)

Vanguard Group Inc. increased its stake in shares of LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) by 14.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,271,769 shares of the company's stock after purchasing an additional 2,574,700 shares during the period. Vanguard Group Inc. owned approximately 11.73% of LegalZoom.com worth $152,241,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in LZ. Quarry LP lifted 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 acquiring an additional 3,732 shares in the last quarter. Summit Trail Advisors LLC lifted 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 valued at $552,000 after purchasing an additional 4,697 shares in the last quarter. Aigen Investment Management LP acquired a new position in shares of LegalZoom.com in the 4th quarter valued at approximately $76,000. Olympiad Research LP bought a new stake in LegalZoom.com during the 4th quarter worth approximately $78,000. Finally, Sei Investments Co. bought a new stake in LegalZoom.com during the 4th quarter worth approximately $83,000. Institutional investors own 81.99% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on LZ. JPMorgan Chase & Co. upped their price target on shares of LegalZoom.com from $9.00 to $11.00 and gave the company an "overweight" rating in a report on Tuesday, February 11th. William Blair reissued a "market perform" rating on shares of LegalZoom.com in a research note on Thursday, February 27th. Barclays upped 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, February 27th. Morgan Stanley lifted their target price on LegalZoom.com from $7.00 to $8.00 and gave the company an "underweight" rating in a research report on Monday, January 13th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of LegalZoom.com in a research report on Friday. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, LegalZoom.com currently has an average rating of "Hold" and a consensus price target of $9.19.

LegalZoom.com Stock Down 2.6 %

Shares of NASDAQ LZ traded down $0.19 during trading hours on Friday, hitting $7.13. The company had a trading volume of 2,277,794 shares, compared to its average volume of 1,790,054. The stock has a market capitalization of $1.26 billion, a P/E ratio of 54.85, a price-to-earnings-growth ratio of 1.73 and a beta of 1.13. LegalZoom.com, Inc. has a 1-year low of $5.33 and a 1-year high of $12.85. The firm's 50 day moving average is $8.98 and its 200-day moving average is $8.15.

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.