100,000 Shares in LegalZoom.com, Inc. (NASDAQ:LZ) Purchased by Oak Harvest Investment Services

Oak Harvest Investment Services acquired a new stake in LegalZoom.com, Inc. (NASDAQ:LZ) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 100,000 shares of the company’s stock, valued at approximately $751,000.

Other hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in shares of LegalZoom.com by 25.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,287,927 shares of the company’s stock valued at $10,806,000 after purchasing an additional 262,335 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of LegalZoom.com in the 2nd quarter valued at about $1,784,000. The Manufacturers Life Insurance Company grew its holdings in LegalZoom.com by 13.3% in the second quarter. The Manufacturers Life Insurance Company now owns 80,392 shares of the company’s stock worth $674,000 after purchasing an additional 9,455 shares during the period. Quarry LP lifted its holdings in shares of LegalZoom.com by 318.9% in the 2nd quarter. Quarry LP now owns 4,474 shares of the company’s stock worth $38,000 after purchasing an additional 3,406 shares in the last quarter. Finally, Point72 DIFC Ltd bought a new stake in LegalZoom.com during the 2nd quarter worth approximately $71,000. 81.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on LZ. Barclays upped their price objective on LegalZoom.com from $7.00 to $8.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th. UBS Group started coverage on shares of LegalZoom.com in a report on Friday, December 6th. They set a “neutral” rating and a $9.00 price objective for the company. Citigroup increased their target price on shares of LegalZoom.com from $7.00 to $8.50 and gave the company a “neutral” rating in a research report on Tuesday, November 26th. JPMorgan Chase & Co. raised shares of LegalZoom.com from an “underweight” rating to an “overweight” rating and lifted their price target for the stock from $8.00 to $9.00 in a report on Monday, January 13th. Finally, Morgan Stanley raised their target price on LegalZoom.com from $7.00 to $8.00 and gave the stock an “underweight” rating in a research report on Monday, January 13th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $8.81.

LegalZoom.com Stock Performance

Shares of LegalZoom.com stock opened at $9.16 on Friday. The company’s 50 day moving average price is $8.05 and its 200-day moving average price is $7.20. LegalZoom.com, Inc. has a 52-week low of $5.33 and a 52-week high of $13.74. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of 70.47, a P/E/G ratio of 1.73 and a beta of 1.10.

LegalZoom.com (NASDAQ:LZ) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.15 by $0.02. LegalZoom.com had a net margin of 3.61% and a return on equity of 32.88%. The firm had revenue of $168.60 million during the quarter, compared to the consensus estimate of $167.66 million. During the same period in the prior year, the firm posted $0.05 earnings per share. The company’s quarterly revenue was up .8% compared to the same quarter last year. As a group, equities research analysts forecast that LegalZoom.com, Inc. will post 0.25 earnings per share for the current fiscal year.

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.