American Century Companies Inc. Buys 63,392 Shares of LegalZoom.com, Inc. (NASDAQ:LZ)

American Century Companies Inc. increased its position in LegalZoom.com, Inc. (NASDAQ:LZ) by 24.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 319,878 shares of the company’s stock after purchasing an additional 63,392 shares during the quarter. American Century Companies Inc.’s holdings in LegalZoom.com were worth $2,402,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of LZ. Charles Schwab Investment Management Inc. increased its stake in shares of LegalZoom.com by 2.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,197,833 shares of the company’s stock valued at $7,606,000 after buying an additional 32,085 shares during the period. Walleye Capital LLC increased its position in LegalZoom.com by 450.2% during the 3rd quarter. Walleye Capital LLC now owns 24,246 shares of the company’s stock valued at $154,000 after purchasing an additional 19,839 shares during the period. Quarry LP increased its position 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 purchasing an additional 3,732 shares during the period. XTX Topco Ltd bought a new stake in shares of LegalZoom.com in the 3rd quarter valued at about $143,000. Finally, Y Intercept Hong Kong Ltd lifted its position in shares of LegalZoom.com by 37.0% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 170,181 shares of the company’s stock worth $1,081,000 after purchasing an additional 45,941 shares during the period. 81.99% of the stock is currently owned by hedge funds and other institutional investors.

LegalZoom.com Stock Performance

Shares of LZ stock opened at $7.49 on Tuesday. LegalZoom.com, Inc. has a fifty-two week low of $5.33 and a fifty-two week high of $13.36. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 57.62, a PEG ratio of 1.73 and a beta of 1.13. The stock’s 50-day simple moving average is $9.17 and its 200-day simple moving average is $8.13.

Analyst Ratings Changes

LZ has been the subject of a number of recent research reports. William Blair reissued a “market perform” rating on shares of LegalZoom.com in a research note on Thursday, February 27th. Morgan Stanley upped their price objective on LegalZoom.com from $7.00 to $8.00 and gave the stock an “underweight” rating in a research note on Monday, January 13th. JMP Securities reaffirmed a “market perform” rating on shares of LegalZoom.com in a research report on Tuesday, February 11th. 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, Barclays lifted their price objective on shares of LegalZoom.com from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 27th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price 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.