Aviva PLC Takes Position in LegalZoom.com, Inc. (NASDAQ:LZ)

Aviva PLC purchased a new position in LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 76,764 shares of the company's stock, valued at approximately $576,000.

Several other hedge funds also recently made changes to their positions in LZ. Summit Trail Advisors LLC raised its position in shares of LegalZoom.com by 6.8% in the fourth quarter. Summit Trail Advisors LLC now owns 73,531 shares of the company's stock worth $552,000 after buying an additional 4,697 shares in the last quarter. Aigen Investment Management LP purchased a new stake in shares of LegalZoom.com in the 4th quarter valued at about $76,000. Olympiad Research LP purchased a new stake in shares of LegalZoom.com in the 4th quarter valued at about $78,000. Sei Investments Co. purchased a new position in shares of LegalZoom.com during the fourth quarter worth about $83,000. Finally, Cibc World Markets Corp bought a new position in shares of LegalZoom.com in the fourth quarter worth approximately $90,000. 81.99% of the stock is currently owned by hedge funds and other institutional investors.

LegalZoom.com Stock Performance

NASDAQ:LZ traded up $0.09 during midday trading on Wednesday, reaching $7.18. 338,200 shares of the stock traded hands, compared to its average volume of 1,795,597. The stock has a market capitalization of $1.26 billion, a P/E ratio of 55.20, a PEG ratio of 1.73 and a beta of 1.13. LegalZoom.com, Inc. has a 12 month low of $5.33 and a 12 month high of $12.55. The company has a fifty day moving average of $8.90 and a 200 day moving average of $8.15.

Analysts Set New Price Targets

A number of equities analysts have commented on LZ shares. JPMorgan Chase & Co. boosted their price target on shares of LegalZoom.com from $9.00 to $11.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 11th. Morgan Stanley lifted their price target on LegalZoom.com from $7.00 to $8.00 and gave the stock an "underweight" rating in a research note on Monday, January 13th. Barclays increased their price objective on LegalZoom.com from $8.00 to $9.00 and gave the company an "equal weight" rating in a research report on Thursday, February 27th. JMP Securities reaffirmed a "market perform" rating on shares of LegalZoom.com in a research note on Friday, April 11th. Finally, William Blair reissued a "market perform" rating on shares of LegalZoom.com in a research note on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target 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.