TD Asset Management Inc Buys 30,600 Shares of LegalZoom.com, Inc. (NASDAQ:LZ)

TD Asset Management Inc grew its stake in LegalZoom.com, Inc. (NASDAQ:LZFree Report) by 46.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 97,106 shares of the company’s stock after acquiring an additional 30,600 shares during the quarter. TD Asset Management Inc owned 0.05% of LegalZoom.com worth $1,097,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of LZ. DekaBank Deutsche Girozentrale bought a new stake in shares of LegalZoom.com during the third quarter valued at approximately $31,000. Parkside Financial Bank & Trust boosted its stake in LegalZoom.com by 116.4% during the 3rd quarter. Parkside Financial Bank & Trust now owns 3,722 shares of the company’s stock valued at $41,000 after purchasing an additional 2,002 shares during the last quarter. New York State Teachers Retirement System increased its holdings in shares of LegalZoom.com by 686.8% in the 4th quarter. New York State Teachers Retirement System now owns 10,606 shares of the company’s stock worth $120,000 after purchasing an additional 9,258 shares in the last quarter. Cornerstone Investment Partners LLC purchased a new position in shares of LegalZoom.com in the fourth quarter worth $157,000. Finally, Raymond James & Associates bought a new position in shares of LegalZoom.com during the fourth quarter valued at $170,000. 81.99% of the stock is owned by hedge funds and other institutional investors.

LegalZoom.com Trading Down 0.7 %

Shares of NASDAQ LZ opened at $8.41 on Monday. LegalZoom.com, Inc. has a 12-month low of $8.20 and a 12-month high of $15.68. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of 76.45, a price-to-earnings-growth ratio of 2.94 and a beta of 1.11. The firm has a 50 day moving average of $10.82 and a 200 day moving average of $11.24.

LegalZoom.com (NASDAQ:LZGet Free Report) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.03 EPS for the quarter, hitting the consensus estimate of $0.03. LegalZoom.com had a return on equity of 19.47% and a net margin of 3.15%. The firm had revenue of $174.21 million during the quarter, compared to analyst estimates of $174.87 million. Sell-side analysts predict that LegalZoom.com, Inc. will post 0.25 EPS for the current year.

Analyst Ratings Changes

LZ has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. boosted their target price on LegalZoom.com from $14.00 to $16.00 and gave the stock an “overweight” rating in a research report on Friday, March 22nd. Raymond James initiated coverage on shares of LegalZoom.com in a report on Wednesday, March 27th. They set a “market perform” rating for the company. Finally, JMP Securities restated a “market outperform” rating and issued a $14.00 target price on shares of LegalZoom.com in a report on Friday, May 17th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $14.75.

Read Our Latest Analysis on LegalZoom.com

Insider Transactions at LegalZoom.com

In other LegalZoom.com news, COO Richard Preece sold 9,462 shares of LegalZoom.com stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $13.17, for a total transaction of $124,614.54. Following the transaction, the chief operating officer now owns 498,519 shares of the company’s stock, valued at $6,565,495.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 10.50% of the company’s stock.

About LegalZoom.com

(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.

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Institutional Ownership by Quarter for LegalZoom.com (NASDAQ:LZ)

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