US Bancorp DE Increases Stock Holdings in LegalZoom.com, Inc. (NASDAQ:LZ)

US Bancorp DE lifted its stake in LegalZoom.com, Inc. (NASDAQ:LZ) by 1,624.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 32,658 shares of the company’s stock after purchasing an additional 30,764 shares during the quarter. US Bancorp DE’s holdings in LegalZoom.com were worth $245,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Quarry LP boosted its holdings in LegalZoom.com by 83.4% during the 3rd quarter. Quarry LP now owns 8,206 shares of the company’s stock valued at $52,000 after acquiring an additional 3,732 shares during the period. Wexford Capital LP purchased a new position in LegalZoom.com during the 3rd quarter valued at $64,000. Olympiad Research LP purchased a new position in LegalZoom.com during the 4th quarter valued at $78,000. Paloma Partners Management Co bought a new stake in LegalZoom.com during the 3rd quarter valued at $81,000. Finally, Clearline Capital LP bought a new stake in LegalZoom.com during the 3rd quarter valued at $126,000. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on LZ. Citigroup boosted their price target on LegalZoom.com from $7.00 to $8.50 and gave the stock a “neutral” rating in a research report on Tuesday, November 26th. Morgan Stanley boosted their price target on LegalZoom.com from $7.00 to $8.00 and gave the company an “underweight” rating in a research note on Monday, January 13th. Barclays upped their target price on LegalZoom.com from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 27th. William Blair reissued a “market perform” rating on shares of LegalZoom.com in a report on Thursday, February 27th. Finally, UBS Group began coverage on LegalZoom.com in a research report on Friday, December 6th. They issued a “neutral” rating and a $9.00 target price on the stock. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $9.19.

LegalZoom.com Trading Up 3.6 %

Shares of NASDAQ LZ opened at $9.30 on Friday. LegalZoom.com, Inc. has a twelve month low of $5.33 and a twelve month high of $13.58. The stock has a fifty day simple moving average of $8.91 and a 200-day simple moving average of $7.85. The stock has a market capitalization of $1.64 billion, a PE ratio of 71.54, a PEG ratio of 1.73 and a beta of 1.09.

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.