449,338 Shares in LegalZoom.com, Inc. (NASDAQ:LZ) Bought by Kazazian Asset Management LLC

Kazazian Asset Management LLC acquired a new position in shares of LegalZoom.com, Inc. (NASDAQ:LZ) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 449,338 shares of the company’s stock, valued at approximately $3,375,000. LegalZoom.com comprises 2.6% of Kazazian Asset Management LLC’s investment portfolio, making the stock its 7th biggest position. Kazazian Asset Management LLC owned approximately 0.26% of LegalZoom.com as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Franklin Resources Inc. lifted its stake in shares of LegalZoom.com by 4.5% during the 3rd quarter. Franklin Resources Inc. now owns 3,067,987 shares of the company’s stock worth $20,310,000 after purchasing an additional 132,189 shares during the last quarter. Tabor Asset Management LP raised its stake in LegalZoom.com by 44.9% in the third quarter. Tabor Asset Management LP now owns 1,522,726 shares of the company’s stock valued at $9,669,000 after buying an additional 472,002 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in LegalZoom.com by 2.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,232,747 shares of the company’s stock valued at $9,258,000 after buying an additional 34,914 shares during the last quarter. JPMorgan Chase & Co. raised its stake in LegalZoom.com by 14.4% in the third quarter. JPMorgan Chase & Co. now owns 567,675 shares of the company’s stock valued at $3,605,000 after buying an additional 71,291 shares during the last quarter. Finally, Citizens Financial Group Inc. RI raised its stake in LegalZoom.com by 11.3% in the fourth quarter. Citizens Financial Group Inc. RI now owns 545,404 shares of the company’s stock valued at $4,096,000 after buying an additional 55,336 shares during the last quarter. 81.99% of the stock is currently owned by hedge funds and other institutional investors.

LegalZoom.com Stock Down 1.8 %

LegalZoom.com stock opened at $9.39 on Wednesday. LegalZoom.com, Inc. has a 52 week low of $5.33 and a 52 week high of $13.58. The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of 72.24, a price-to-earnings-growth ratio of 1.73 and a beta of 1.09. The stock has a 50-day moving average price of $8.97 and a 200 day moving average price of $7.91.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. increased their price target on LegalZoom.com from $9.00 to $11.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. UBS Group assumed coverage on LegalZoom.com in a research note on Friday, December 6th. They issued a “neutral” rating and a $9.00 price target for the company. JMP Securities reiterated a “market perform” rating on shares of LegalZoom.com in a research note on Tuesday, February 11th. Barclays increased their price target 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. Finally, Citigroup increased their price target on LegalZoom.com from $7.00 to $8.50 and gave the company a “neutral” rating in a research note on Tuesday, November 26th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, LegalZoom.com has a consensus rating of “Hold” and a consensus 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.