Vanguard Group Inc. Has $152.24 Million Holdings in LegalZoom.com, Inc. (NASDAQ:LZ)

Vanguard Group Inc. increased its stake in shares of LegalZoom.com, Inc. (NASDAQ:LZ) by 14.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,271,769 shares of the company’s stock after buying an additional 2,574,700 shares during the quarter. Vanguard Group Inc. owned 11.73% of LegalZoom.com worth $152,241,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. KLP Kapitalforvaltning AS acquired a new position in LegalZoom.com in the fourth quarter valued at about $161,000. Sei Investments Co. acquired a new position in shares of LegalZoom.com in the 4th quarter worth approximately $83,000. American Century Companies Inc. increased its holdings in LegalZoom.com by 24.7% during the 4th quarter. American Century Companies Inc. now owns 319,878 shares of the company’s stock valued at $2,402,000 after purchasing an additional 63,392 shares in the last quarter. Magnetar Financial LLC bought a new position in LegalZoom.com in the 4th quarter valued at $233,000. Finally, Kazazian Asset Management LLC acquired a new position in LegalZoom.com in the fourth quarter worth $3,375,000. Institutional investors and hedge funds own 81.99% of the company’s stock.

LegalZoom.com Trading Down 4.5 %

NASDAQ LZ opened at $7.49 on Tuesday. LegalZoom.com, Inc. has a 12 month low of $5.33 and a 12 month high of $13.36. The stock has a 50-day simple moving average of $9.17 and a 200 day simple moving average of $8.13. The company has a market capitalization of $1.32 billion, a PE ratio of 57.62, a P/E/G ratio of 1.73 and a beta of 1.13.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Morgan Stanley raised their target price on LegalZoom.com from $7.00 to $8.00 and gave the company an “underweight” rating in a research note on Monday, January 13th. William Blair reaffirmed a “market perform” rating on shares of LegalZoom.com in a research note on Thursday, February 27th. JPMorgan Chase & Co. increased their price target on shares of LegalZoom.com from $9.00 to $11.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. JMP Securities restated a “market perform” rating on shares of LegalZoom.com in a research report on Tuesday, February 11th. Finally, Barclays increased their price objective on LegalZoom.com from $8.00 to $9.00 and gave the company an “equal weight” rating in a research report on Thursday, February 27th. 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. According to MarketBeat.com, LegalZoom.com has a consensus rating of “Hold” and an average price target of $9.19.

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.