Dimensional Fund Advisors LP Boosts Holdings in LegalZoom.com, Inc. (NASDAQ:LZ)

Dimensional Fund Advisors LP raised its position in shares of LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) by 2.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,396,523 shares of the company's stock after acquiring an additional 32,075 shares during the period. Dimensional Fund Advisors LP owned approximately 0.81% of LegalZoom.com worth $10,489,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of LZ. Barclays PLC grew its stake in LegalZoom.com by 308.5% during the 3rd quarter. Barclays PLC now owns 224,782 shares of the company's stock valued at $1,427,000 after acquiring an additional 169,761 shares in the last quarter. Pathway Capital Management LP purchased a new position in LegalZoom.com during the 4th quarter worth $2,387,000. JPMorgan Chase & Co. boosted its stake in shares of LegalZoom.com by 14.4% during the 3rd 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 purchased a new position in LegalZoom.com during the fourth quarter worth $751,000. Finally, Citizens Financial Group Inc. RI grew its position in LegalZoom.com by 11.3% during the fourth quarter. Citizens Financial Group Inc. RI now owns 545,404 shares of the company's stock valued at $4,096,000 after acquiring an additional 55,336 shares during the period. 81.99% of the stock is owned by institutional investors.

LegalZoom.com Trading Up 0.4%

LZ traded up $0.04 during trading on Thursday, reaching $9.24. The stock had a trading volume of 370,661 shares, compared to its average volume of 1,838,915. The stock's 50 day moving average is $8.16 and its two-hundred day moving average is $8.28. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of 71.04, a P/E/G ratio of 1.73 and a beta of 1.14. LegalZoom.com, Inc. has a one year low of $5.33 and a one year high of $10.60.

LegalZoom.com (NASDAQ:LZ - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.13 EPS for the quarter, hitting the consensus estimate of $0.13. The company had revenue of $183.11 million during the quarter, compared to analyst estimates of $176.17 million. LegalZoom.com had a return on equity of 32.88% and a net margin of 3.61%. LegalZoom.com's revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 earnings per share. On average, equities research analysts predict that LegalZoom.com, Inc. will post 0.25 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on LZ shares. JMP Securities reaffirmed a "market perform" rating on shares of LegalZoom.com in a research report on Thursday. Morgan Stanley increased their price target on LegalZoom.com from $7.00 to $8.00 and gave the company an "underweight" rating in a research note on Friday, May 9th. Barclays raised their price target 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 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. Finally, William Blair reissued a "market perform" rating on shares of LegalZoom.com in a research note on Thursday, February 27th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $9.19.

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.