Empower Advisory Group LLC Has $424,000 Holdings in LegalZoom.com, Inc. (NASDAQ:LZ)

Empower Advisory Group LLC lessened its holdings in shares of LegalZoom.com, Inc. (NASDAQ:LZ) by 11.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 56,500 shares of the company’s stock after selling 7,300 shares during the period. Empower Advisory Group LLC’s holdings in LegalZoom.com were worth $424,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of LZ. Barclays PLC lifted its holdings in LegalZoom.com by 308.5% in the third quarter. Barclays PLC now owns 224,782 shares of the company’s stock valued at $1,427,000 after buying an additional 169,761 shares during the period. Mainstream Capital Management LLC bought a new stake in shares of LegalZoom.com during the third quarter worth about $1,429,000. JPMorgan Chase & Co. increased its position in shares of LegalZoom.com by 14.4% during the third quarter. JPMorgan Chase & Co. now owns 567,675 shares of the company’s stock worth $3,605,000 after acquiring an additional 71,291 shares in the last quarter. Oak Harvest Investment Services bought a new stake in shares of LegalZoom.com during the fourth quarter worth about $751,000. Finally, Victory Capital Management Inc. increased its position in shares of LegalZoom.com by 97.2% during the third quarter. Victory Capital Management Inc. now owns 129,775 shares of the company’s stock worth $824,000 after acquiring an additional 63,980 shares in the last quarter. Institutional investors and hedge funds own 81.99% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Morgan Stanley upped their price objective 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. UBS Group began coverage on shares of LegalZoom.com in a research note on Friday, December 6th. They set a “neutral” rating and a $9.00 price target on the stock. JPMorgan Chase & Co. upped their price target 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. JMP Securities reiterated a “market perform” rating on shares of LegalZoom.com in a research note on Tuesday, February 11th. Finally, Citigroup increased their price target on shares of LegalZoom.com from $7.00 to $8.50 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. Two research 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 MarketBeat, LegalZoom.com currently has an average rating of “Hold” and a consensus price target of $9.06.

LegalZoom.com Stock Performance

LZ stock opened at $9.05 on Thursday. LegalZoom.com, Inc. has a 52 week low of $5.33 and a 52 week high of $13.74. The firm’s fifty day moving average is $8.36 and its 200 day moving average is $7.46. The firm has a market cap of $1.56 billion, a P/E ratio of 69.62, a P/E/G ratio of 1.80 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.