Sei Investments Co. Purchases Shares of 11,023 LegalZoom.com, Inc. (NASDAQ:LZ)

Sei Investments Co. acquired a new stake in shares of LegalZoom.com, Inc. (NASDAQ:LZ) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 11,023 shares of the company’s stock, valued at approximately $83,000.

Several other large investors have also recently made changes to their positions in the company. Franklin Resources Inc. boosted its holdings in LegalZoom.com by 4.5% in the 3rd quarter. Franklin Resources Inc. now owns 3,067,987 shares of the company’s stock worth $20,310,000 after buying an additional 132,189 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in LegalZoom.com by 2.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,232,747 shares of the company’s stock valued at $9,258,000 after purchasing an additional 34,914 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of LegalZoom.com by 14.4% during the third quarter. JPMorgan Chase & Co. now owns 567,675 shares of the company’s stock worth $3,605,000 after buying an additional 71,291 shares in the last quarter. Citizens Financial Group Inc. RI raised its position in shares of LegalZoom.com by 11.3% in the fourth quarter. Citizens Financial Group Inc. RI now owns 545,404 shares of the company’s stock valued at $4,096,000 after buying an additional 55,336 shares during the last quarter. Finally, Kazazian Asset Management LLC acquired a new position in shares of LegalZoom.com during the 4th quarter worth approximately $3,375,000. 81.99% of the stock is currently owned by institutional investors and hedge funds.

LegalZoom.com Stock Performance

Shares of NASDAQ LZ opened at $7.13 on Friday. LegalZoom.com, Inc. has a one year low of $5.33 and a one year high of $12.85. The company’s fifty day moving average is $8.98 and its two-hundred day moving average is $8.15. The firm has a market capitalization of $1.26 billion, a P/E ratio of 54.85, a PEG ratio of 1.73 and a beta of 1.13.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on LZ shares. William Blair reaffirmed a “market perform” rating on shares of LegalZoom.com in a research note on Thursday, February 27th. Morgan Stanley lifted their target price on LegalZoom.com from $7.00 to $8.00 and gave the company an “underweight” rating in a report on Monday, January 13th. Barclays increased their price target 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. JPMorgan Chase & Co. boosted 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. Finally, JMP Securities restated a “market perform” rating on shares of LegalZoom.com in a research note on Friday. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, LegalZoom.com has a consensus rating of “Hold” and a consensus target price 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.