Tabor Asset Management LP Has $8.39 Million Stock Position in LegalZoom.com, Inc. (NASDAQ:LZ)

Tabor Asset Management LP trimmed its holdings in LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) by 26.6% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,117,716 shares of the company's stock after selling 405,010 shares during the period. LegalZoom.com accounts for approximately 4.0% of Tabor Asset Management LP's portfolio, making the stock its 8th largest position. Tabor Asset Management LP owned about 0.65% of LegalZoom.com worth $8,394,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in LZ. Vanguard Group Inc. lifted its position in LegalZoom.com by 14.5% in the fourth quarter. Vanguard Group Inc. now owns 20,271,769 shares of the company's stock valued at $152,241,000 after purchasing an additional 2,574,700 shares during the period. Nuveen Asset Management LLC lifted its position in LegalZoom.com by 297.9% in the fourth quarter. Nuveen Asset Management LLC now owns 1,171,584 shares of the company's stock valued at $8,799,000 after purchasing an additional 877,125 shares during the period. Norges Bank acquired a new stake in LegalZoom.com in the fourth quarter valued at about $5,769,000. Ararat Capital Management LP lifted its position in LegalZoom.com by 26.6% in the fourth quarter. Ararat Capital Management LP now owns 3,248,482 shares of the company's stock valued at $24,396,000 after purchasing an additional 682,678 shares during the period. Finally, JPMorgan Chase & Co. lifted its position 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 purchasing an additional 585,734 shares during the period. 81.99% of the stock is owned by hedge funds and other institutional investors.

LegalZoom.com Trading Down 2.9%

Shares of LZ traded down $0.28 during mid-day trading on Friday, reaching $9.28. The company had a trading volume of 1,597,536 shares, compared to its average volume of 1,789,835. The stock has a market cap 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. The firm has a fifty day simple moving average of $8.18 and a 200-day simple moving average of $8.39. LegalZoom.com, Inc. has a fifty-two week low of $5.33 and a fifty-two week high of $10.60.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on LZ. JPMorgan Chase & Co. lifted their price target 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. JMP Securities reissued a "market perform" rating on shares of LegalZoom.com in a research note on Thursday, May 15th. William Blair reaffirmed a "market perform" rating on shares of LegalZoom.com in a research note on Thursday, February 27th. Barclays lifted their target price on shares of LegalZoom.com from $8.00 to $9.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 27th. Finally, Morgan Stanley lifted their target price on shares of LegalZoom.com from $7.00 to $8.00 and gave the stock an "underweight" rating in a research note on Friday, May 9th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, LegalZoom.com currently has an average rating of "Hold" and a consensus price target of $8.64.

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.