Blair William & Co. IL Trims Stock Position in LegalZoom.com, Inc. (NASDAQ:LZ)

Blair William & Co. IL decreased its position in LegalZoom.com, Inc. (NASDAQ:LZ) by 61.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,479,345 shares of the company’s stock after selling 2,357,047 shares during the period. Blair William & Co. IL owned 0.79% of LegalZoom.com worth $12,412,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Technology Crossover Management IX Ltd. increased its position in LegalZoom.com by 14.6% during the 4th quarter. Technology Crossover Management IX Ltd. now owns 16,396,313 shares of the company’s stock valued at $185,278,000 after purchasing an additional 2,094,240 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in LegalZoom.com by 15.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,047,140 shares of the company’s stock valued at $11,833,000 after buying an additional 138,702 shares during the period. Vanguard Group Inc. raised its stake in LegalZoom.com by 21.4% in the fourth quarter. Vanguard Group Inc. now owns 15,777,144 shares of the company’s stock worth $178,282,000 after buying an additional 2,777,206 shares in the last quarter. Hawk Ridge Capital Management LP lifted its holdings in LegalZoom.com by 2.4% during the fourth quarter. Hawk Ridge Capital Management LP now owns 5,734,353 shares of the company’s stock worth $64,798,000 after buying an additional 135,517 shares during the period. Finally, Quest Partners LLC bought a new stake in LegalZoom.com during the 4th quarter valued at $378,000. Institutional investors own 81.99% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on LZ shares. JPMorgan Chase & Co. reduced their price target on LegalZoom.com from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. JMP Securities reissued a “market perform” rating on shares of LegalZoom.com in a research report on Friday, September 13th. Bank of America cut shares of LegalZoom.com from a “buy” rating to an “underperform” rating and lowered their price target for the company from $13.00 to $6.00 in a report on Wednesday, July 10th. Citigroup lowered shares of LegalZoom.com from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $15.00 to $8.00 in a research note on Wednesday, July 10th. Finally, Barclays downgraded shares of LegalZoom.com from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, July 10th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $9.79.

LegalZoom.com Stock Up 0.4 %

LZ stock opened at $6.70 on Friday. The stock has a market capitalization of $1.26 billion, a PE ratio of 60.91, a price-to-earnings-growth ratio of 2.03 and a beta of 1.10. LegalZoom.com, Inc. has a 52 week low of $5.33 and a 52 week high of $13.74. The firm has a 50 day moving average of $6.37 and a 200 day moving average of $9.17.

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