Walleye Trading LLC Has $158,000 Position in LegalZoom.com, Inc. (NASDAQ:LZ)

Walleye Trading LLC grew its position in shares of LegalZoom.com, Inc. (NASDAQ:LZ) by 33.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,090 shares of the company’s stock after purchasing an additional 5,252 shares during the quarter. Walleye Trading LLC’s holdings in LegalZoom.com were worth $158,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in LegalZoom.com by 14.5% during the 4th quarter. Vanguard Group Inc. now owns 20,271,769 shares of the company’s stock worth $152,241,000 after buying an additional 2,574,700 shares during the period. Norges Bank acquired a new position in shares of LegalZoom.com in the fourth quarter worth approximately $5,769,000. JPMorgan Chase & Co. boosted its holdings in LegalZoom.com by 103.2% in the fourth 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 during the last quarter. Arrowstreet Capital Limited Partnership increased its position in LegalZoom.com by 2,178.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 518,728 shares of the company’s stock valued at $3,896,000 after purchasing an additional 495,959 shares during the period. Finally, Kazazian Asset Management LLC bought a new position in LegalZoom.com during the 4th quarter worth approximately $3,375,000. 81.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

LZ has been the topic of a number of analyst reports. Morgan Stanley reduced their price objective on shares of LegalZoom.com from $10.00 to $7.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 16th. JMP Securities reaffirmed a “market perform” rating on shares of LegalZoom.com in a research report on Friday, April 11th. Barclays lifted their price objective on LegalZoom.com from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 27th. JPMorgan Chase & Co. upped their target price on LegalZoom.com from $9.00 to $11.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Finally, William Blair reiterated a “market perform” rating on shares of LegalZoom.com in a report on Thursday, February 27th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, LegalZoom.com currently has an average rating of “Hold” and an average price target of $9.06.

LegalZoom.com Stock Performance

Shares of LegalZoom.com stock opened at $6.77 on Wednesday. The stock has a market capitalization of $1.19 billion, a PE ratio of 52.08, a price-to-earnings-growth ratio of 1.73 and a beta of 1.13. LegalZoom.com, Inc. has a 52 week low of $5.33 and a 52 week high of $12.55. The stock has a 50 day moving average price of $8.66 and a two-hundred day moving average price of $8.17.

LegalZoom.com 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.