Deutsche Bank AG Buys 47,125 Shares of LegalZoom.com, Inc. (NASDAQ:LZ)

Deutsche Bank AG increased its stake in shares of LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) by 11.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 453,181 shares of the company's stock after buying an additional 47,125 shares during the period. Deutsche Bank AG owned 0.26% of LegalZoom.com worth $3,403,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. EP Wealth Advisors LLC bought a new position in LegalZoom.com during the 4th quarter worth $240,000. Corton Capital Inc. bought a new position in LegalZoom.com during the fourth quarter worth about $132,000. Cubist Systematic Strategies LLC acquired a new stake in LegalZoom.com in the 4th quarter worth about $3,321,000. Centiva Capital LP bought a new stake in LegalZoom.com in the 4th quarter valued at about $334,000. Finally, Bank of America Corp DE grew its position in shares of LegalZoom.com by 23.5% during the 4th quarter. Bank of America Corp DE now owns 322,221 shares of the company's stock worth $2,420,000 after purchasing an additional 61,405 shares in the last quarter. Institutional investors and hedge funds own 81.99% of the company's stock.

LegalZoom.com Price Performance

Shares of LegalZoom.com stock traded down $0.28 on Monday, hitting $9.28. 1,597,536 shares of the company's stock traded hands, compared to its average volume of 1,790,163. The company has a fifty day moving average of $8.17 and a two-hundred day moving average of $8.39. LegalZoom.com, Inc. has a one year low of $5.33 and a one year high of $10.60. The company has a market capitalization of $1.68 billion, a price-to-earnings ratio of 71.39, a price-to-earnings-growth ratio of 1.73 and a beta of 1.14.

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

Wall Street Analyst Weigh In

Several research firms recently weighed in on LZ. JMP Securities reaffirmed a "market perform" rating on shares of LegalZoom.com in a research report on Thursday, May 15th. Barclays upped their price target on shares of LegalZoom.com from $8.00 to $9.00 and gave the stock an "equal weight" rating in a report on Thursday, February 27th. Wall Street Zen cut shares of LegalZoom.com from a "strong-buy" rating to a "buy" rating in a research note on Thursday. JPMorgan Chase & Co. boosted their price objective on shares of LegalZoom.com from $11.00 to $12.00 and gave the company an "overweight" rating in a research report on Monday, May 19th. Finally, Morgan Stanley upped their target price on LegalZoom.com from $7.00 to $8.00 and gave the stock an "underweight" rating in a research note on Friday, May 9th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $8.64.

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.