American Century Companies Inc. Increases Stock Holdings in LegalZoom.com, Inc. (NASDAQ:LZ)

American Century Companies Inc. raised its position in shares of LegalZoom.com, Inc. (NASDAQ:LZ) by 24.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 228,273 shares of the company’s stock after purchasing an additional 45,202 shares during the period. American Century Companies Inc.’s holdings in LegalZoom.com were worth $1,915,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of LegalZoom.com by 7.3% in the first quarter. Vanguard Group Inc. now owns 16,935,396 shares of the company’s stock valued at $225,918,000 after purchasing an additional 1,158,252 shares during the last quarter. Hawk Ridge Capital Management LP boosted its holdings in LegalZoom.com by 2.4% in the 4th quarter. Hawk Ridge Capital Management LP now owns 5,734,353 shares of the company’s stock valued at $64,798,000 after purchasing an additional 135,517 shares in the last quarter. Westwood Holdings Group Inc. boosted its stake in shares of LegalZoom.com by 62.0% during the 1st quarter. Westwood Holdings Group Inc. now owns 4,818,703 shares of the company’s stock worth $64,282,000 after acquiring an additional 1,843,427 shares in the last quarter. Blair William & Co. IL raised its position in shares of LegalZoom.com by 5.4% during the 1st quarter. Blair William & Co. IL now owns 3,836,392 shares of the company’s stock worth $51,177,000 after purchasing an additional 195,512 shares during the last quarter. Finally, Wellington Management Group LLP raised its holdings in LegalZoom.com by 64.7% in the 4th quarter. Wellington Management Group LLP now owns 1,974,236 shares of the company’s stock valued at $22,309,000 after acquiring an additional 775,775 shares during the last quarter. 81.99% of the stock is owned by institutional investors.

LegalZoom.com Trading Down 2.1 %

Shares of LegalZoom.com stock opened at $6.47 on Friday. The company’s 50-day moving average price is $6.41 and its 200-day moving average price is $8.84. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 58.82, a PEG ratio of 2.08 and a beta of 1.10. LegalZoom.com, Inc. has a 12-month low of $5.33 and a 12-month high of $13.74.

LegalZoom.com (NASDAQ:LZ) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The company had revenue of $177.36 million during the quarter, compared to analyst estimates of $172.92 million. LegalZoom.com had a return on equity of 22.36% and a net margin of 3.10%. The firm’s revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.02 earnings per share. On average, sell-side analysts predict that LegalZoom.com, Inc. will post 0.23 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on LZ shares. Jefferies Financial Group raised shares of LegalZoom.com from a “hold” rating to a “buy” rating and set a $8.00 price objective for the company in a research report on Wednesday, July 31st. Bank of America lowered shares of LegalZoom.com from a “buy” rating to an “underperform” rating and decreased their price objective for the stock from $13.00 to $6.00 in a research note on Wednesday, July 10th. JPMorgan Chase & Co. dropped their target price on shares of LegalZoom.com from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. JMP Securities reissued a “market perform” rating on shares of LegalZoom.com in a research note on Friday, September 13th. Finally, William Blair initiated coverage on shares of LegalZoom.com in a research report on Monday, September 16th. They set a “market perform” rating on the stock. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $9.79.

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.