LegalZoom.com, Inc. (NASDAQ:LZ) Shares Bought by US Bancorp DE

US Bancorp DE raised its holdings in LegalZoom.com, Inc. (NASDAQ:LZ) by 30.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 42,639 shares of the company’s stock after purchasing an additional 9,981 shares during the period. US Bancorp DE’s holdings in LegalZoom.com were worth $367,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC acquired a new stake in shares of LegalZoom.com in the fourth quarter worth approximately $185,000. JPMorgan Chase & Co. boosted its stake in shares of LegalZoom.com by 103.2% in the fourth quarter. JPMorgan Chase & Co. now owns 1,153,409 shares of the company’s stock worth $8,662,000 after acquiring an additional 585,734 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of LegalZoom.com by 34.1% in the fourth quarter. Wells Fargo & Company MN now owns 59,884 shares of the company’s stock worth $450,000 after acquiring an additional 15,232 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of LegalZoom.com by 9.6% in the fourth quarter. Russell Investments Group Ltd. now owns 109,109 shares of the company’s stock worth $819,000 after acquiring an additional 9,598 shares during the last quarter. Finally, Cerity Partners LLC acquired a new stake in shares of LegalZoom.com in the fourth quarter worth approximately $119,000. 81.99% of the stock is owned by institutional investors and hedge funds.

LegalZoom.com Stock Up 2.1%

NASDAQ:LZ opened at $10.73 on Thursday. LegalZoom.com, Inc. has a 52 week low of $5.57 and a 52 week high of $11.93. The company has a market capitalization of $1.93 billion, a P/E ratio of 67.07, a P/E/G ratio of 3.61 and a beta of 1.23. The stock’s fifty day moving average is $9.04 and its two-hundred day moving average is $8.82.

LegalZoom.com (NASDAQ:LZ) last posted its earnings results on Thursday, August 7th. The company reported $0.15 EPS for the quarter, meeting analysts’ consensus estimates of $0.15. LegalZoom.com had a return on equity of 20.36% and a net margin of 4.07%. The company had revenue of $192.51 million for the quarter, compared to the consensus estimate of $182.49 million. During the same quarter in the previous year, the business earned $0.10 earnings per share. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. Sell-side analysts anticipate that LegalZoom.com, Inc. will post 0.25 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on LZ shares. Bank of America raised LegalZoom.com from an “underperform” rating to a “buy” rating and lifted their price target for the stock from $8.00 to $12.00 in a research note on Friday, August 8th. JMP Securities reiterated a “market perform” rating on shares of LegalZoom.com in a research report on Thursday, May 15th. Morgan Stanley lifted their price objective on LegalZoom.com from $7.00 to $8.00 and gave the stock an “underweight” rating in a research report on Friday, May 9th. Barclays lifted their price objective on LegalZoom.com from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. lifted their price objective on LegalZoom.com from $11.00 to $12.00 and gave the stock an “overweight” rating in a research report on Monday, May 19th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, LegalZoom.com presently has an average rating of “Hold” and an average price target of $9.92.

Insider Buying and Selling

In other LegalZoom.com news, Director John Francis Murphy sold 24,250 shares of LegalZoom.com stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $10.57, for a total value of $256,322.50. Following the sale, the director owned 69,953 shares in the company, valued at $739,403.21. The trade was a 25.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.90% of the stock is owned by corporate insiders.

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.