14,649 Shares in LegalZoom.com, Inc. (NASDAQ:LZ) Acquired by ClearAlpha Technologies LP

ClearAlpha Technologies LP bought a new position in shares of LegalZoom.com, Inc. (NASDAQ:LZ) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 14,649 shares of the company’s stock, valued at approximately $110,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in LegalZoom.com by 14.5% during the fourth quarter. Vanguard Group Inc. now owns 20,271,769 shares of the company’s stock valued at $152,241,000 after buying an additional 2,574,700 shares in the last quarter. Norges Bank acquired a new stake in shares of LegalZoom.com during the fourth quarter valued at approximately $5,769,000. JPMorgan Chase & Co. lifted its position in shares of LegalZoom.com by 103.2% in the 4th quarter. JPMorgan Chase & Co. now owns 1,153,409 shares of the company’s stock valued at $8,662,000 after acquiring an additional 585,734 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in LegalZoom.com by 2,178.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 518,728 shares of the company’s stock worth $3,896,000 after purchasing an additional 495,959 shares during the period. Finally, Kazazian Asset Management LLC purchased a new position in LegalZoom.com during the 4th quarter worth approximately $3,375,000. Institutional investors and hedge funds own 81.99% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on LZ shares. JMP Securities restated a “market perform” rating on shares of LegalZoom.com in a report on Friday, April 11th. Morgan Stanley reduced their price objective on LegalZoom.com from $10.00 to $7.00 and set an “underweight” rating for the company in a research note on Wednesday, April 16th. Barclays lifted their target price on LegalZoom.com from $8.00 to $9.00 and gave the company an “equal weight” rating in a research note on Thursday, February 27th. William Blair restated a “market perform” rating on shares of LegalZoom.com in a report on Thursday, February 27th. Finally, JPMorgan Chase & Co. upped their price objective 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. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, LegalZoom.com currently has a consensus rating of “Hold” and a consensus target price of $9.06.

LegalZoom.com Stock Performance

NASDAQ:LZ opened at $6.61 on Tuesday. The company has a market capitalization of $1.16 billion, a P/E ratio of 50.85, a P/E/G ratio of 1.73 and a beta of 1.13. The stock’s 50 day moving average price is $8.71 and its 200 day moving average price is $8.18. LegalZoom.com, Inc. has a 52 week low of $5.33 and a 52 week high of $12.55.

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.