6 days Ago By ABMN Staff
Alliancebernstein L.P. increased its holdings in LegalZoom.
com, Inc. ( NASDAQ:LZ – Free Report ) by 28.0% in the fourth quarter, Holdings Channel.
com reports. The firm owned 492,890 shares of the company’s stock after acquiring an additional 107,910 shares during the period. Alliancebernstein L.
P.’s holdings in LegalZoom.com were worth $3,702,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership lifted its stake in LegalZoom.com by 2,178.
2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 518,728 shares of the company’s stock worth $3,896,000 after purchasing an additional 495,959 shares during the last quarter. Cornercap Investment Counsel Inc.
purchased a new position in shares of LegalZoom.com in the fourth quarter worth about $541,000. Norges Bank bought a new stake in shares of LegalZoom.
com in the 4th quarter valued at about $5,769,000. JPMorgan Chase & Co. boosted its holdings in LegalZoom.
com by 103.2% during the 4th quarter. JPMorgan Chase & Co.
now owns 1,153,409 shares of the company’s stock valued at $8,662,000 after acquiring an additional 585,734 shares during the period. Finally, Lexington Partners L.P.
bought a new position in LegalZoom.com during the 4th quarter worth approximately $103,000. Institutional investors own 81.
99% of the company’s stock. Analyst Ratings Changes LZ has been the subject of several recent research reports. Morgan Stanley boosted their price objective on LegalZoom.
com from $7.00 to $8.00 and gave the company an “underweight” rating in a research report on Monday, January 13th.
William Blair reiterated a “market perform” rating on shares of LegalZoom.com in a report on Thursday, February 27th. JPMorgan Chase & Co.
raised their price target on shares of LegalZoom.com from $9.00 to $11.
00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Barclays upped their price objective 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. Finally, JMP Securities reiterated a “market perform” rating on shares of LegalZoom.
com in a report on Friday. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.
com, the company presently has a consensus rating of “Hold” and a consensus target price of $9.19. LegalZoom.
com Stock Down 0.6 % Shares of LZ opened at $7.09 on Tuesday.
LegalZoom.com, Inc. has a 52 week low of $5.
33 and a 52 week high of $12.76. The stock has a market cap of $1.
25 billion, a price-to-earnings ratio of 54.54, a PEG ratio of 1.73 and a beta of 1.
13. The business has a 50-day simple moving average of $8.94 and a two-hundred day simple moving average of $8.
16. 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. Recommended Stories Want to see what other hedge funds are holding LZ? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for LegalZoom.com, Inc. ( NASDAQ:LZ – Free Report ).
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