LegalZoom.com, Inc. (NASDAQ:LZ) Shares Bought by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. boosted its stake in shares of LegalZoom.com, Inc. (NASDAQ:LZ) by 138.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 106,181 shares of the company’s stock after purchasing an additional 61,689 shares during the quarter. Landscape Capital Management L.L.C. owned approximately 0.06% of LegalZoom.com worth $797,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC increased its holdings in shares of LegalZoom.com by 308.5% in the 3rd quarter. Barclays PLC now owns 224,782 shares of the company’s stock worth $1,427,000 after acquiring an additional 169,761 shares during the period. Pathway Capital Management LP bought a new stake in shares of LegalZoom.com during the fourth quarter valued at approximately $2,387,000. JPMorgan Chase & Co. grew its holdings in LegalZoom.com by 14.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 567,675 shares of the company’s stock worth $3,605,000 after buying an additional 71,291 shares in the last quarter. Oak Harvest Investment Services bought a new stake in LegalZoom.com during the 4th quarter valued at $751,000. Finally, Citizens Financial Group Inc. RI boosted its position in LegalZoom.com by 11.3% during the 4th quarter. Citizens Financial Group Inc. RI now owns 545,404 shares of the company’s stock worth $4,096,000 after acquiring an additional 55,336 shares during the period. 81.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

LegalZoom.com Stock Performance

Shares of NASDAQ:LZ opened at $7.84 on Friday. The firm has a 50 day simple moving average of $9.20 and a 200 day simple moving average of $8.12. LegalZoom.com, Inc. has a 52 week low of $5.33 and a 52 week high of $13.36. The company has a market cap of $1.38 billion, a PE ratio of 60.31, a price-to-earnings-growth ratio of 1.73 and a beta of 1.13.

About LegalZoom.com

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.