JPMorgan Chase & Co. Has $8.66 Million Stock Holdings in LegalZoom.com, Inc. (NASDAQ:LZ)

JPMorgan Chase & Co. increased its position in LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) by 103.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,153,409 shares of the company's stock after buying an additional 585,734 shares during the period. JPMorgan Chase & Co. owned 0.67% of LegalZoom.com worth $8,662,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of 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. Franklin Resources Inc. increased its position in LegalZoom.com by 4.5% in the 3rd quarter. Franklin Resources Inc. now owns 3,067,987 shares of the company's stock worth $20,310,000 after buying an additional 132,189 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in LegalZoom.com by 2.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,232,747 shares of the company's stock valued at $9,258,000 after purchasing an additional 34,914 shares during the period. Citizens Financial Group Inc. RI lifted its stake in shares of LegalZoom.com by 11.3% in the fourth quarter. Citizens Financial Group Inc. RI now owns 545,404 shares of the company's stock valued at $4,096,000 after buying an additional 55,336 shares during the period. Finally, Kazazian Asset Management LLC acquired a new stake in shares of LegalZoom.com during the 4th quarter worth approximately $3,375,000. 81.99% of the stock is currently owned by institutional investors and hedge funds.

LegalZoom.com Price Performance

Shares of LZ stock traded down $0.13 on Friday, reaching $6.94. 2,560,143 shares of the stock were exchanged, compared to its average volume of 1,817,750. LegalZoom.com, Inc. has a one year low of $5.33 and a one year high of $12.55. The stock has a market cap of $1.22 billion, a PE ratio of 53.39, a P/E/G ratio of 1.73 and a beta of 1.13. The stock has a 50 day moving average price of $8.76 and a 200 day moving average price of $8.18.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on LZ shares. JMP Securities reaffirmed a "market perform" rating on shares of LegalZoom.com in a report on Friday, April 11th. JPMorgan Chase & Co. boosted their price target on LegalZoom.com from $9.00 to $11.00 and gave the company an "overweight" rating in a research note on Tuesday, February 11th. Barclays lifted their price objective on LegalZoom.com from $8.00 to $9.00 and gave the company an "equal weight" rating in a report on Thursday, February 27th. Morgan Stanley cut their price target on shares of LegalZoom.com from $10.00 to $7.00 and set an "underweight" rating for the company in a report on Wednesday. Finally, William Blair reaffirmed a "market perform" rating on shares of LegalZoom.com in a report on Thursday, February 27th. Two equities research 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. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $9.06.

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.