LegalZoom.com, Inc. (NASDAQ:LZ) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lowered its position in shares of LegalZoom.com, Inc. (NASDAQ:LZ) by 12.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 13,377 shares of the company’s stock after selling 1,852 shares during the quarter. SG Americas Securities LLC’s holdings in LegalZoom.com were worth $151,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP grew its position in shares of LegalZoom.com by 21.0% during the 3rd quarter. Wellington Management Group LLP now owns 1,198,461 shares of the company’s stock valued at $13,111,000 after buying an additional 208,030 shares during the last quarter. Vanguard Group Inc. raised its position in shares of LegalZoom.com by 21.0% during the 3rd quarter. Vanguard Group Inc. now owns 12,999,938 shares of the company’s stock worth $142,219,000 after purchasing an additional 2,257,224 shares during the period. Boston Partners raised its position in shares of LegalZoom.com by 83.0% during the 3rd quarter. Boston Partners now owns 3,315,845 shares of the company’s stock worth $35,877,000 after purchasing an additional 1,504,152 shares during the period. Yarbrough Capital LLC bought a new stake in shares of LegalZoom.com in the 3rd quarter worth approximately $520,000. Finally, Charles Schwab Investment Management Inc. boosted its position in LegalZoom.com by 24.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 908,438 shares of the company’s stock valued at $9,938,000 after purchasing an additional 179,456 shares during the period. Institutional investors and hedge funds own 81.99% of the company’s stock.

LegalZoom.com Trading Down 1.7 %

Shares of NASDAQ:LZ opened at $12.21 on Wednesday. The company has a 50 day moving average of $12.32 and a 200-day moving average of $11.35. The firm has a market cap of $2.29 billion, a P/E ratio of 152.64, a P/E/G ratio of 4.44 and a beta of 1.23. LegalZoom.com, Inc. has a twelve month low of $6.89 and a twelve month high of $15.68.

LegalZoom.com (NASDAQ:LZ) last released its earnings results on Thursday, February 22nd. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. LegalZoom.com had a return on equity of 15.79% and a net margin of 2.11%. The firm had revenue of $158.66 million during the quarter, compared to the consensus estimate of $156.25 million. Equities research analysts forecast that LegalZoom.com, Inc. will post 0.3 EPS for the current year.

Wall Street Analyst Weigh In

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

Insider Activity at LegalZoom.com

In other news, EVP Nicole Miller sold 24,557 shares of LegalZoom.com stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $9.75, for a total value of $239,430.75. Following the transaction, the executive vice president now owns 208,641 shares of the company’s stock, valued at approximately $2,034,249.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Nicole Miller sold 24,557 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $9.75, for a total transaction of $239,430.75. Following the completion of the sale, the executive vice president now owns 208,641 shares in the company, valued at approximately $2,034,249.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Richard Preece sold 9,462 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $13.17, for a total value of $124,614.54. Following the sale, the chief operating officer now directly owns 498,519 shares of the company’s stock, valued at $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 90 days. 44.60% of the stock is currently owned by corporate insiders.

About LegalZoom.com

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.