LegalZoom.com, Inc. (NASDAQ:LZ) Shares Sold by Swiss National Bank

Swiss National Bank trimmed its stake in LegalZoom.com, Inc. (NASDAQ:LZ) by 21.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 189,900 shares of the company’s stock after selling 51,300 shares during the quarter. Swiss National Bank owned approximately 0.11% of LegalZoom.com worth $1,426,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Citizens Financial Group Inc. RI grew its position in LegalZoom.com by 11.3% during the 4th quarter. Citizens Financial Group Inc. RI now owns 545,404 shares of the company’s stock worth $4,096,000 after purchasing an additional 55,336 shares in the last quarter. Clare Market Investments LLC purchased a new stake in LegalZoom.com in the 4th quarter worth about $218,000. AlphaQuest LLC grew its stake in LegalZoom.com by 199,195.3% during the 4th quarter. AlphaQuest LLC now owns 85,697 shares of the company’s stock valued at $644,000 after acquiring an additional 85,654 shares in the last quarter. Aigen Investment Management LP purchased a new position in LegalZoom.com during the 4th quarter valued at about $76,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of LegalZoom.com by 2.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,232,747 shares of the company’s stock valued at $9,258,000 after purchasing an additional 34,914 shares during the period. 81.99% of the stock is owned by institutional investors and hedge funds.

LegalZoom.com Price Performance

NASDAQ LZ opened at $8.81 on Friday. The company’s fifty day moving average is $9.19 and its two-hundred day moving average is $8.04. LegalZoom.com, Inc. has a 52-week low of $5.33 and a 52-week high of $13.56. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 67.77, a P/E/G ratio of 1.73 and a beta of 1.09.

Analyst Upgrades and Downgrades

Several research firms have weighed in on LZ. William Blair reiterated a “market perform” rating on shares of LegalZoom.com in a research note on Thursday, February 27th. 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 report on Thursday, February 27th. JPMorgan Chase & Co. boosted their price target on LegalZoom.com from $9.00 to $11.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. UBS Group started coverage on shares of LegalZoom.com in a research report on Friday, December 6th. They set a “neutral” rating and a $9.00 price objective on the stock. Finally, Morgan Stanley boosted their target price on shares of LegalZoom.com from $7.00 to $8.00 and gave the stock an “underweight” rating in a research report on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target 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.