AQR Capital Management LLC Buys 576,528 Shares of LegalZoom.com, Inc. $LZ

AQR Capital Management LLC boosted its holdings in shares of LegalZoom.com, Inc. (NASDAQ:LZ) by 158.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 939,999 shares of the company’s stock after purchasing an additional 576,528 shares during the period. AQR Capital Management LLC owned 0.52% of LegalZoom.com worth $8,093,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of LZ. Wealth Enhancement Advisory Services LLC bought a new stake in LegalZoom.com in the first quarter valued at approximately $281,000. Ameriprise Financial Inc. grew its stake in LegalZoom.com by 30.0% in the fourth quarter. Ameriprise Financial Inc. now owns 322,510 shares of the company’s stock valued at $2,422,000 after purchasing an additional 74,507 shares in the last quarter. Nuveen Asset Management LLC raised its position in LegalZoom.com by 297.9% during the fourth quarter. Nuveen Asset Management LLC now owns 1,171,584 shares of the company’s stock worth $8,799,000 after acquiring an additional 877,125 shares in the last quarter. Graham Capital Management L.P. bought a new stake in shares of LegalZoom.com in the 4th quarter valued at about $334,000. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of LegalZoom.com by 54.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 46,857 shares of the company’s stock valued at $403,000 after buying an additional 16,430 shares during the last quarter. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on LZ shares. Citigroup upped their price target on shares of LegalZoom.com from $10.00 to $12.00 and gave the company a “neutral” rating in a research note on Monday, August 25th. Wall Street Zen cut shares of LegalZoom.com from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 5th. JPMorgan Chase & Co. raised their price target on shares of LegalZoom.com from $12.00 to $14.00 and gave the company an “overweight” rating in a research note on Monday. JMP Securities reiterated a “market perform” rating on shares of LegalZoom.com in a research report on Thursday, May 15th. Finally, Barclays lifted their price objective on LegalZoom.com from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 12th. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $10.83.

Insider Transactions at LegalZoom.com

In related news, Director John Francis Murphy sold 24,250 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $10.57, for a total value of $256,322.50. Following the completion of the transaction, the director directly owned 69,953 shares in the company, valued at $739,403.21. The trade was a 25.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nicole Miller sold 25,154 shares of LegalZoom.com stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $10.82, for a total value of $272,166.28. Following the completion of the sale, the insider owned 960,032 shares of the company’s stock, valued at $10,387,546.24. The trade was a 2.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 109,859 shares of company stock valued at $1,193,100 in the last ninety days. 5.90% of the stock is currently owned by corporate insiders.

LegalZoom.com Stock Performance

NASDAQ LZ opened at $10.55 on Friday. LegalZoom.com, Inc. has a fifty-two week low of $6.26 and a fifty-two week high of $11.93. The stock has a market cap of $1.90 billion, a P/E ratio of 65.94, a price-to-earnings-growth ratio of 2.44 and a beta of 1.25. The stock has a 50 day simple moving average of $9.84 and a two-hundred day simple moving average of $9.06.

LegalZoom.com (NASDAQ:LZ) last announced its earnings results on Thursday, August 7th. The company reported $0.15 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.15. The firm had revenue of $192.51 million for the quarter, compared to analyst estimates of $182.49 million. LegalZoom.com had a net margin of 4.07% and a return on equity of 20.36%. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.10 EPS. LegalZoom.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts predict that LegalZoom.com, Inc. will post 0.25 earnings per share for the current year.

LegalZoom.com Company 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.