Barclays PLC Grows Position in LegalZoom.com, Inc. (NASDAQ:LZ)

Barclays PLC boosted its stake in shares of LegalZoom.com, Inc. (NASDAQ:LZ) by 308.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 224,782 shares of the company’s stock after acquiring an additional 169,761 shares during the period. Barclays PLC owned 0.13% of LegalZoom.com worth $1,427,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of LZ. Y Intercept Hong Kong Ltd grew its holdings in LegalZoom.com by 37.0% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 170,181 shares of the company’s stock valued at $1,081,000 after buying an additional 45,941 shares in the last quarter. XTX Topco Ltd bought a new position in shares of LegalZoom.com during the 3rd quarter valued at approximately $143,000. Wexford Capital LP purchased a new position in shares of LegalZoom.com in the third quarter valued at $64,000. Tabor Asset Management LP increased its position in LegalZoom.com by 44.9% in the third quarter. Tabor Asset Management LP now owns 1,522,726 shares of the company’s stock worth $9,669,000 after purchasing an additional 472,002 shares during the last quarter. Finally, Quarry LP increased its position in LegalZoom.com by 83.4% in the third quarter. Quarry LP now owns 8,206 shares of the company’s stock worth $52,000 after purchasing an additional 3,732 shares during the last quarter. 81.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on LZ shares. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $8.00 price objective on shares of LegalZoom.com in a research note on Friday, November 8th. Barclays raised their price target on LegalZoom.com from $7.00 to $8.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. 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. UBS Group started coverage on shares of LegalZoom.com in a research note on Friday, December 6th. They issued a “neutral” rating and a $9.00 target price on the stock. Finally, JMP Securities reaffirmed a “market perform” rating on shares of LegalZoom.com in a research note on Friday, September 13th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, LegalZoom.com has an average rating of “Hold” and a consensus target price of $8.79.

LegalZoom.com Price Performance

LZ opened at $7.82 on Friday. The firm has a market capitalization of $1.35 billion, a PE ratio of 60.16, a price-to-earnings-growth ratio of 1.81 and a beta of 1.10. The business’s 50-day moving average is $7.80 and its two-hundred day moving average is $7.16. LegalZoom.com, Inc. has a 1 year low of $5.33 and a 1 year high of $13.74.

LegalZoom.com (NASDAQ:LZ) last announced its earnings results on Wednesday, November 6th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.02. LegalZoom.com had a net margin of 3.61% and a return on equity of 32.88%. The company had revenue of $168.60 million during the quarter, compared to the consensus estimate of $167.66 million. During the same period last year, the firm earned $0.05 earnings per share. LegalZoom.com’s revenue was up .8% compared to the same quarter last year. As a group, sell-side analysts expect that LegalZoom.com, Inc. will post 0.25 EPS for the current year.

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.