Wells Fargo & Company MN Has $450,000 Holdings in LegalZoom.com, Inc. (NASDAQ:LZ)

Wells Fargo & Company MN raised its position in shares of LegalZoom.com, Inc. (NASDAQ:LZ) by 34.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 59,884 shares of the company’s stock after buying an additional 15,232 shares during the quarter. Wells Fargo & Company MN’s holdings in LegalZoom.com were worth $450,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in LegalZoom.com by 14.5% in the 4th quarter. Vanguard Group Inc. now owns 20,271,769 shares of the company’s stock worth $152,241,000 after acquiring an additional 2,574,700 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of LegalZoom.com by 0.9% in the 4th quarter. Franklin Resources Inc. now owns 3,094,594 shares of the company’s stock valued at $23,240,000 after purchasing an additional 26,607 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of LegalZoom.com by 2.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,232,747 shares of the company’s stock worth $9,258,000 after purchasing an additional 34,914 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of LegalZoom.com by 103.2% during the fourth quarter. JPMorgan Chase & Co. now owns 1,153,409 shares of the company’s stock worth $8,662,000 after purchasing an additional 585,734 shares during the period. Finally, Norges Bank purchased a new position in LegalZoom.com during the fourth quarter valued at approximately $5,769,000. 81.99% of the stock is owned by hedge funds and other institutional investors.

LegalZoom.com Stock Up 1.0 %

NASDAQ:LZ opened at $7.38 on Friday. The company’s 50 day moving average is $8.38 and its 200-day moving average is $8.20. LegalZoom.com, Inc. has a 12 month low of $5.33 and a 12 month high of $12.21. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 56.77, a P/E/G ratio of 1.73 and a beta of 1.13.

Analyst Ratings Changes

LZ has been the subject of a number of research reports. William Blair reissued a “market perform” rating on shares of LegalZoom.com in a research note on Thursday, February 27th. JPMorgan Chase & Co. increased their price objective on LegalZoom.com from $9.00 to $11.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. JMP Securities restated a “market perform” rating on shares of LegalZoom.com in a research note on Friday, April 11th. Barclays raised their price target on LegalZoom.com from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 27th. Finally, Morgan Stanley lowered their price target on LegalZoom.com from $10.00 to $7.00 and set an “underweight” rating for the company in a research note on Wednesday, April 16th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $9.06.

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.