DekaBank Deutsche Girozentrale Has $164,000 Stock Holdings in LegalZoom.com, Inc. (NASDAQ:LZ)

DekaBank Deutsche Girozentrale grew its holdings in shares of LegalZoom.com, Inc. (NASDAQ:LZ) by 405.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,443 shares of the company’s stock after buying an additional 11,585 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in LegalZoom.com were worth $164,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in LZ. Ameritas Investment Partners Inc. lifted its stake in LegalZoom.com by 17.1% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,603 shares of the company’s stock valued at $104,000 after acquiring an additional 1,256 shares in the last quarter. Lazard Asset Management LLC raised its holdings in shares of LegalZoom.com by 117.8% in the third quarter. Lazard Asset Management LLC now owns 2,858 shares of the company’s stock valued at $31,000 after purchasing an additional 1,546 shares during the last quarter. Alliancebernstein L.P. lifted its position in shares of LegalZoom.com by 1.5% during the third quarter. Alliancebernstein L.P. now owns 105,973 shares of the company’s stock valued at $908,000 after purchasing an additional 1,573 shares in the last quarter. Royal Bank of Canada boosted its holdings in LegalZoom.com by 49.9% during the first quarter. Royal Bank of Canada now owns 5,099 shares of the company’s stock worth $72,000 after purchasing an additional 1,697 shares during the last quarter. Finally, Brighton Jones LLC grew its position in LegalZoom.com by 7.9% in the 3rd quarter. Brighton Jones LLC now owns 24,382 shares of the company’s stock worth $267,000 after purchasing an additional 1,788 shares in the last quarter. 81.99% of the stock is owned by institutional investors.

Insider Transactions at LegalZoom.com

In other LegalZoom.com news, COO Richard Preece sold 9,462 shares of LegalZoom.com stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $13.17, for a total transaction of $124,614.54. Following the completion of the transaction, the chief operating officer now owns 498,519 shares of the company’s stock, valued at approximately $6,565,495.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director John Francis Murphy sold 10,000 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $12.47, for a total transaction of $124,700.00. Following the completion of the transaction, the director now directly owns 40,507 shares in the company, valued at approximately $505,122.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Richard Preece sold 9,462 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $13.17, for a total transaction of $124,614.54. Following the completion of the transaction, the chief operating officer now directly owns 498,519 shares in the company, valued at approximately $6,565,495.23. The disclosure for this sale can be found here. Insiders sold 60,555 shares of company stock valued at $664,688 over the last three months. Company insiders own 44.60% of the company’s stock.

LegalZoom.com Stock Down 1.7 %

LZ opened at $12.21 on Wednesday. The firm has a 50-day moving average price of $12.32 and a 200-day moving average price of $11.35. LegalZoom.com, Inc. has a twelve month low of $6.89 and a twelve month high of $15.68. The company has a market capitalization of $2.29 billion, a price-to-earnings ratio of 152.64, a PEG ratio of 4.44 and a beta of 1.23.

LegalZoom.com (NASDAQ:LZ) last released its quarterly earnings data on Thursday, February 22nd. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.04 by $0.02. LegalZoom.com had a net margin of 2.11% and a return on equity of 15.79%. The company had revenue of $158.66 million during the quarter, compared to the consensus estimate of $156.25 million. On average, sell-side analysts expect that LegalZoom.com, Inc. will post 0.3 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on LZ. JPMorgan Chase & Co. lifted their target price on shares of LegalZoom.com from $14.00 to $16.00 and gave the stock an “overweight” rating in a research report on Friday, March 22nd. JMP Securities reiterated a “market outperform” rating and set a $14.00 price target on shares of LegalZoom.com in a report on Friday, April 12th. Barclays cut their price objective on LegalZoom.com from $17.00 to $15.00 and set an “overweight” rating on the stock in a research report on Thursday, February 8th. Finally, Raymond James started coverage on LegalZoom.com in a research report on Wednesday, March 27th. They set a “market perform” rating for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, LegalZoom.com currently has an average rating of “Hold” and a consensus price target of $14.36.

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.