Swiss National Bank Has $1.43 Million Position in LegalZoom.com, Inc. (NASDAQ:LZ)

Swiss National Bank decreased its holdings in LegalZoom.com, Inc. (NASDAQ:LZ) by 21.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 189,900 shares of the company’s stock after selling 51,300 shares during the period. Swiss National Bank’s holdings in LegalZoom.com were worth $1,426,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Quarry LP raised its stake in LegalZoom.com by 83.4% during the third quarter. Quarry LP now owns 8,206 shares of the company’s stock worth $52,000 after acquiring an additional 3,732 shares in the last quarter. Summit Trail Advisors LLC increased its position in shares of LegalZoom.com by 6.8% during the 4th quarter. Summit Trail Advisors LLC now owns 73,531 shares of the company’s stock worth $552,000 after purchasing an additional 4,697 shares in the last quarter. Wexford Capital LP bought a new position in LegalZoom.com during the 3rd quarter valued at about $64,000. Aigen Investment Management LP acquired a new position in LegalZoom.com in the fourth quarter valued at about $76,000. Finally, Olympiad Research LP bought a new stake in LegalZoom.com during the fourth quarter worth about $78,000. 81.99% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on LZ. JPMorgan Chase & Co. lifted their target price on shares of LegalZoom.com from $9.00 to $11.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Barclays lifted their price objective on LegalZoom.com from $8.00 to $9.00 and gave the company an “equal weight” rating in a research report on Thursday, February 27th. Morgan Stanley increased their target price on LegalZoom.com from $7.00 to $8.00 and gave the stock an “underweight” rating in a report on Monday, January 13th. JMP Securities reaffirmed a “market perform” rating on shares of LegalZoom.com in a report on Tuesday, February 11th. Finally, William Blair reissued a “market perform” rating on shares of LegalZoom.com in a report on Thursday, February 27th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $9.19.

LegalZoom.com Stock Down 4.1 %

Shares of LZ stock opened at $8.81 on Friday. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 67.77, a PEG ratio of 1.73 and a beta of 1.09. LegalZoom.com, Inc. has a 12 month low of $5.33 and a 12 month high of $13.56. The stock has a 50-day moving average price of $9.19 and a 200 day moving average price of $8.04.

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.