LegalZoom.com, Inc. $LZ Shares Bought by American Century Companies Inc.

American Century Companies Inc. raised its position in shares of LegalZoom.com, Inc. (NASDAQ:LZ) by 14.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 488,605 shares of the company’s stock after buying an additional 60,663 shares during the period. American Century Companies Inc. owned about 0.27% of LegalZoom.com worth $4,353,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Rhumbline Advisers grew its holdings in LegalZoom.com by 7.2% during the 2nd quarter. Rhumbline Advisers now owns 201,663 shares of the company’s stock worth $1,797,000 after acquiring an additional 13,551 shares in the last quarter. Franklin Resources Inc. raised its holdings in LegalZoom.com by 0.4% during the second quarter. Franklin Resources Inc. now owns 3,236,697 shares of the company’s stock worth $28,839,000 after purchasing an additional 12,171 shares during the last quarter. Legal & General Group Plc increased its stake in shares of LegalZoom.com by 6.6% during the 2nd quarter. Legal & General Group Plc now owns 129,363 shares of the company’s stock worth $1,153,000 after purchasing an additional 7,969 shares in the last quarter. Hillsdale Investment Management Inc. boosted its stake in shares of LegalZoom.com by 46.9% during the 2nd quarter. Hillsdale Investment Management Inc. now owns 594,230 shares of the company’s stock worth $5,295,000 after purchasing an additional 189,600 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of LegalZoom.com by 48.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,352,865 shares of the company’s stock valued at $12,054,000 after acquiring an additional 442,345 shares during the last quarter. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LZ has been the topic of several recent research reports. Weiss Ratings reissued a “hold (c)” rating on shares of LegalZoom.com in a research report on Monday, December 1st. JPMorgan Chase & Co. lifted their price objective on shares of LegalZoom.com from $12.00 to $14.00 and gave the company an “overweight” rating in a research note on Monday, September 8th. Morgan Stanley increased their price objective on LegalZoom.com from $8.50 to $9.00 and gave the company an “underweight” rating in a research report on Thursday, November 13th. Wall Street Zen downgraded shares of LegalZoom.com from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 1st. Finally, Citigroup cut their price objective on LegalZoom.com from $12.00 to $10.50 and set a “neutral” rating for the company in a report on Friday, November 21st. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $11.50.

Insider Transactions at LegalZoom.com

In other LegalZoom.com news, insider Nicole Miller sold 23,506 shares of the company’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $9.63, for a total transaction of $226,362.78. Following the transaction, the insider directly owned 868,627 shares in the company, valued at approximately $8,364,878.01. This represents a 2.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Noel Bertram Watson sold 15,000 shares of the company’s stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $9.56, for a total transaction of $143,400.00. Following the sale, the chief financial officer owned 1,551,582 shares of the company’s stock, valued at $14,833,123.92. The trade was a 0.96% decrease in their position. The disclosure for this sale is available in the SEC filing. 5.90% of the stock is owned by corporate insiders.

LegalZoom.com Trading Down 0.7%

Shares of LZ stock opened at $9.38 on Monday. The stock has a 50 day moving average of $9.90 and a two-hundred day moving average of $9.75. The company has a market capitalization of $1.66 billion, a P/E ratio of 78.17, a P/E/G ratio of 3.48 and a beta of 1.23. LegalZoom.com, Inc. has a 12 month low of $6.47 and a 12 month high of $12.40.

LegalZoom.com (NASDAQ:LZ) last issued its earnings results on Wednesday, November 5th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). LegalZoom.com had a return on equity of 9.91% and a net margin of 3.05%.The company had revenue of $190.16 million during the quarter, compared to analyst estimates of $183.27 million. During the same period in the previous year, the company posted $0.17 earnings per share. The company’s quarterly revenue was up 12.8% on a year-over-year basis. Sell-side analysts predict that LegalZoom.com, Inc. will post 0.25 earnings per share for the current fiscal year.

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.