LegalZoom.com, Inc. (NASDAQ:LZ) Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lessened its stake in LegalZoom.com, Inc. (NASDAQ:LZ) by 35.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 110,084 shares of the company’s stock after selling 60,097 shares during the quarter. Y Intercept Hong Kong Ltd owned approximately 0.06% of LegalZoom.com worth $827,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Quarry LP raised its stake in shares of LegalZoom.com by 83.4% in 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 in the last quarter. Nisa Investment Advisors LLC raised its stake in LegalZoom.com by 179.8% during the third quarter. Nisa Investment Advisors LLC now owns 6,099 shares of the company’s stock worth $39,000 after acquiring an additional 3,919 shares during the period. Summit Trail Advisors LLC raised its stake in LegalZoom.com by 6.8% during the fourth quarter. Summit Trail Advisors LLC now owns 73,531 shares of the company’s stock worth $552,000 after acquiring an additional 4,697 shares during the period. Robeco Institutional Asset Management B.V. raised its stake in LegalZoom.com by 72.1% during the third quarter. Robeco Institutional Asset Management B.V. now owns 22,278 shares of the company’s stock worth $141,000 after acquiring an additional 9,330 shares during the period. Finally, Wexford Capital LP acquired a new stake in LegalZoom.com during the third quarter worth about $64,000. Institutional investors and hedge funds own 81.99% of the company’s stock.

LegalZoom.com Price Performance

LegalZoom.com stock opened at $10.02 on Friday. The firm has a 50 day simple moving average of $8.48 and a 200-day simple moving average of $7.58. The stock has a market capitalization of $1.73 billion, a PE ratio of 77.08, a price-to-earnings-growth ratio of 1.73 and a beta of 1.13. LegalZoom.com, Inc. has a 12-month low of $5.33 and a 12-month high of $13.74.

Analyst Ratings Changes

Several research firms recently weighed in on LZ. JPMorgan Chase & Co. increased their price objective on shares of LegalZoom.com from $9.00 to $11.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. JMP Securities reiterated a “market perform” rating on shares of LegalZoom.com in a research note on Tuesday, February 11th. Barclays increased 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 note on Thursday. Citigroup increased their price objective on shares of LegalZoom.com from $7.00 to $8.50 and gave the stock a “neutral” rating in a research note on Tuesday, November 26th. Finally, William Blair restated a “market perform” rating on shares of LegalZoom.com in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average 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.