XTX Topco Ltd Has $506,000 Stock Holdings in LegalZoom.com, Inc. (NASDAQ:LZ)

XTX Topco Ltd increased its holdings in LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) by 200.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,438 shares of the company's stock after acquiring an additional 44,975 shares during the period. XTX Topco Ltd's holdings in LegalZoom.com were worth $506,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of LZ. Aigen Investment Management LP purchased a new position in LegalZoom.com in the fourth quarter valued at about $76,000. Olympiad Research LP bought a new stake in LegalZoom.com in the fourth quarter worth approximately $78,000. Sei Investments Co. acquired a new stake in shares of LegalZoom.com in the fourth quarter worth $83,000. Cibc World Markets Corp acquired a new position in LegalZoom.com in the 4th quarter valued at $90,000. Finally, Lexington Partners L.P. bought a new position in LegalZoom.com in the 4th quarter worth $103,000. 81.99% of the stock is currently owned by institutional investors and hedge funds.

LegalZoom.com Stock Performance

Shares of NASDAQ:LZ traded up $0.19 on Thursday, hitting $7.06. The stock had a trading volume of 668,986 shares, compared to its average volume of 1,820,118. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of 54.31, a price-to-earnings-growth ratio of 1.73 and a beta of 1.13. The firm's 50 day moving average price is $8.62 and its 200-day moving average price is $8.16. LegalZoom.com, Inc. has a twelve month low of $5.33 and a twelve month high of $12.55.

Wall Street Analyst Weigh In

LZ has been the topic of a number of research analyst reports. William Blair reaffirmed a "market perform" rating on shares of LegalZoom.com in a report on Thursday, February 27th. Barclays upped their target price on shares of LegalZoom.com from $8.00 to $9.00 and gave the company an "equal weight" rating in a research note on Thursday, February 27th. Morgan Stanley cut their price objective on shares of LegalZoom.com from $10.00 to $7.00 and set an "underweight" rating for the company in a research report on Wednesday, April 16th. JMP Securities restated a "market perform" rating on shares of LegalZoom.com in a research note on Friday, April 11th. Finally, JPMorgan Chase & Co. raised their price objective on LegalZoom.com from $9.00 to $11.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, LegalZoom.com currently has a consensus rating of "Hold" and a consensus price target of $9.06.

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.