Y Intercept Hong Kong Ltd Has $2.74 Million Stake in LegalZoom.com, Inc. $LZ

Y Intercept Hong Kong Ltd raised its holdings in LegalZoom.com, Inc. (NASDAQ:LZ) by 46.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 483,664 shares of the company’s stock after purchasing an additional 152,312 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in LegalZoom.com were worth $2,742,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Brighton Jones LLC acquired a new stake in LegalZoom.com in the fourth quarter worth about $185,000. Amundi acquired a new position in LegalZoom.com during the 1st quarter valued at about $196,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of LegalZoom.com by 3.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,980 shares of the company’s stock valued at $646,000 after purchasing an additional 2,161 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of LegalZoom.com by 9.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,313,429 shares of the company’s stock worth $11,309,000 after buying an additional 113,769 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of LegalZoom.com by 1.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 275,978 shares of the company’s stock worth $2,376,000 after buying an additional 4,607 shares during the period. Institutional investors own 81.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. UBS Group cut their price objective on shares of LegalZoom.com from $8.00 to $7.00 and set a “neutral” rating on the stock in a report on Thursday, May 7th. Wall Street Zen lowered shares of LegalZoom.com from a “buy” rating to a “hold” rating in a report on Saturday. Citigroup dropped their target price on shares of LegalZoom.com from $8.50 to $7.50 and set a “neutral” rating for the company in a research report on Friday, May 22nd. JPMorgan Chase & Co. reduced their price target on LegalZoom.com from $11.00 to $8.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 24th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of LegalZoom.com in a research note on Thursday, July 2nd. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $8.25.

Insider Buying and Selling at LegalZoom.com

In other LegalZoom.com news, CEO Jeffrey M. Stibel purchased 125,000 shares of the stock in a transaction on Monday, May 11th. The stock was bought at an average cost of $6.15 per share, for a total transaction of $768,750.00. Following the completion of the acquisition, the chief executive officer directly owned 2,955,609 shares of the company’s stock, valued at $18,176,995.35. The trade was a 4.42% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nicole Miller sold 19,199 shares of LegalZoom.com stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $6.58, for a total value of $126,329.42. Following the transaction, the insider owned 1,119,222 shares in the company, valued at $7,364,480.76. This trade represents a 1.69% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 5.90% of the company’s stock.

LegalZoom.com Stock Performance

LZ opened at $7.33 on Wednesday. The firm’s fifty day moving average is $6.18 and its two-hundred day moving average is $7.10. The firm has a market cap of $1.26 billion, a PE ratio of 122.19, a price-to-earnings-growth ratio of 1.24 and a beta of 1.31. LegalZoom.com, Inc. has a twelve month low of $5.22 and a twelve month high of $12.40.

LegalZoom.com (NASDAQ:LZ) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.01). LegalZoom.com had a net margin of 1.46% and a return on equity of 11.53%. The firm had revenue of $206.78 million during the quarter, compared to analyst estimates of $202.14 million. During the same period last year, the firm earned $0.13 EPS. LegalZoom.com’s quarterly revenue was up 12.9% on a year-over-year basis. Equities analysts forecast that LegalZoom.com, Inc. will post 0.32 EPS for the current fiscal year.

About LegalZoom.com

LegalZoom.com, Inc (NASDAQ: LZ) operates as a leading online legal technology company that provides a broad range of legal and business services to individuals, families and small businesses. Through its digital platform, the company offers customized legal documents and filing services, including business formation (LLCs, corporations and nonprofits), estate planning (wills and trusts), intellectual property protection (trademarks and copyrights), and ongoing compliance support. LegalZoom also connects customers with independent attorneys for consultations on matters such as family law, immigration and real estate.

Founded in 2001 by entrepreneurs Brian Lee, Brian P.