LegalZoom.com, Inc. (NASDAQ:LZ) Shares Purchased by US Bancorp DE

US Bancorp DE increased its stake in shares of LegalZoom.com, Inc. (NASDAQ:LZ) by 1,624.3% in the 4th quarter, HoldingsChannel reports. The firm owned 32,658 shares of the company’s stock after purchasing an additional 30,764 shares during the period. US Bancorp DE’s holdings in LegalZoom.com were worth $245,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of LZ. Franklin Resources Inc. boosted its position in shares of LegalZoom.com by 4.5% during the 3rd quarter. Franklin Resources Inc. now owns 3,067,987 shares of the company’s stock worth $20,310,000 after acquiring an additional 132,189 shares in the last quarter. Tabor Asset Management LP boosted its position in shares of LegalZoom.com by 44.9% during the 3rd quarter. Tabor Asset Management LP now owns 1,522,726 shares of the company’s stock worth $9,669,000 after acquiring an additional 472,002 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of LegalZoom.com by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,197,833 shares of the company’s stock worth $7,606,000 after acquiring an additional 32,085 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of LegalZoom.com by 14.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 567,675 shares of the company’s stock worth $3,605,000 after acquiring an additional 71,291 shares in the last quarter. Finally, Citizens Financial Group Inc. RI acquired a new position in shares of LegalZoom.com during the 3rd quarter worth about $3,112,000. 81.99% of the stock is owned by institutional investors and hedge funds.

LegalZoom.com Stock Up 3.6 %

LZ opened at $9.30 on Friday. The business has a 50 day moving average price of $8.91 and a two-hundred day moving average price of $7.85. The company has a market cap of $1.64 billion, a PE ratio of 71.54, a P/E/G ratio of 1.73 and a beta of 1.09. LegalZoom.com, Inc. has a 52 week low of $5.33 and a 52 week high of $13.58.

Analyst Upgrades and Downgrades

LZ has been the subject of several analyst reports. Morgan Stanley upped their price objective on LegalZoom.com from $7.00 to $8.00 and gave the stock an “underweight” rating in a research report on Monday, January 13th. Citigroup boosted their target price on LegalZoom.com from $7.00 to $8.50 and gave the company a “neutral” rating in a report on Tuesday, November 26th. Barclays boosted their target price on LegalZoom.com from $8.00 to $9.00 and gave the company an “equal weight” rating in a report on Thursday, February 27th. JMP Securities reissued a “market perform” rating on shares of LegalZoom.com in a report on Tuesday, February 11th. Finally, William Blair reissued a “market perform” rating on shares of LegalZoom.com in a report on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $9.19.

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.