Charles Schwab Investment Management Inc. Has $9.26 Million Holdings in LegalZoom.com, Inc. (NASDAQ:LZ)

Charles Schwab Investment Management Inc. grew its holdings in shares of LegalZoom.com, Inc. (NASDAQ:LZ) by 2.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,232,747 shares of the company’s stock after acquiring an additional 34,914 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in LegalZoom.com were worth $9,258,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in LZ. Franklin Resources Inc. lifted its holdings 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 during the period. Tabor Asset Management LP lifted its holdings 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 during the period. JPMorgan Chase & Co. lifted its holdings 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 during the period. Pathway Capital Management LP bought a new stake in shares of LegalZoom.com during the 4th quarter worth approximately $2,387,000. Finally, Barclays PLC lifted its stake in LegalZoom.com by 308.5% in the 3rd quarter. Barclays PLC now owns 224,782 shares of the company’s stock valued at $1,427,000 after purchasing an additional 169,761 shares during the last quarter. Institutional investors and hedge funds own 81.99% of the company’s stock.

LegalZoom.com Stock Performance

LZ stock opened at $9.32 on Friday. The company has a fifty day moving average price of $9.08 and a 200-day moving average price of $7.96. The company has a market capitalization of $1.64 billion, a P/E ratio of 71.70, a PEG 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 $13.56.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Barclays increased their price objective on shares of LegalZoom.com from $8.00 to $9.00 and gave the company an “equal weight” rating in a research note on Thursday, February 27th. Morgan Stanley increased their price objective on shares of LegalZoom.com from $7.00 to $8.00 and gave the company an “underweight” rating in a research note on Monday, January 13th. UBS Group assumed coverage on shares of LegalZoom.com in a research note on Friday, December 6th. They issued a “neutral” rating and a $9.00 price objective for the company. JPMorgan Chase & Co. increased their price objective on shares of LegalZoom.com from $9.00 to $11.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Finally, Citigroup increased their price objective on shares of LegalZoom.com from $7.00 to $8.50 and gave the company a “neutral” rating in a research note on Tuesday, November 26th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $9.19.

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.