13,775 Shares in LegalZoom.com, Inc. (NASDAQ:LZ) Purchased by Lexington Partners L.P.

Lexington Partners L.P. purchased a new stake in LegalZoom.com, Inc. (NASDAQ:LZ) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 13,775 shares of the company’s stock, valued at approximately $103,000. LegalZoom.com comprises approximately 0.1% of Lexington Partners L.P.’s investment portfolio, making the stock its 6th biggest position.

A number of other hedge funds have also added to or reduced their stakes in the stock. Victory Capital Management Inc. boosted its holdings in LegalZoom.com by 97.2% during the 3rd quarter. Victory Capital Management Inc. now owns 129,775 shares of the company’s stock worth $824,000 after acquiring an additional 63,980 shares during the last quarter. Intech Investment Management LLC bought a new position in shares of LegalZoom.com during the third quarter valued at about $228,000. Landscape Capital Management L.L.C. purchased a new position in LegalZoom.com during the third quarter worth about $283,000. Charles Schwab Investment Management Inc. grew its position in LegalZoom.com by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,197,833 shares of the company’s stock worth $7,606,000 after purchasing an additional 32,085 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in LegalZoom.com in the 3rd quarter valued at about $508,000. Institutional investors and hedge funds own 81.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on LZ. William Blair reaffirmed a “market perform” rating on shares of LegalZoom.com in a report on Thursday, February 27th. Morgan Stanley upped their price objective 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 lifted 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. JPMorgan Chase & Co. increased their price target on shares of LegalZoom.com from $9.00 to $11.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Finally, UBS Group initiated coverage on shares of LegalZoom.com in a research report on Friday, December 6th. They issued a “neutral” rating and a $9.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $9.19.

LegalZoom.com Stock Down 0.5 %

Shares of NASDAQ:LZ opened at $9.27 on Tuesday. The company has a 50-day moving average price of $9.11 and a two-hundred day moving average price of $7.99. LegalZoom.com, Inc. has a twelve month low of $5.33 and a twelve month high of $13.56. The firm has a market capitalization of $1.63 billion, a PE ratio of 71.31, a P/E/G 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.