Voya Investment Management LLC Raises Stock Holdings in LegalZoom.com, Inc. (NASDAQ:LZ)

Voya Investment Management LLC boosted its position in shares of LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) by 11.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 475,052 shares of the company's stock after purchasing an additional 47,815 shares during the period. Voya Investment Management LLC owned about 0.27% of LegalZoom.com worth $3,568,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Aigen Investment Management LP bought a new stake in LegalZoom.com during the 4th quarter valued at about $76,000. Olympiad Research LP purchased a new position in shares of LegalZoom.com during the fourth quarter worth approximately $78,000. Quantessence Capital LLC bought a new stake in shares of LegalZoom.com during the fourth quarter valued at approximately $78,000. Sei Investments Co. bought a new stake in shares of LegalZoom.com during the fourth quarter valued at approximately $83,000. Finally, Cibc World Markets Corp purchased a new stake in shares of LegalZoom.com in the fourth quarter valued at approximately $90,000. 81.99% of the stock is owned by hedge funds and other institutional investors.

LegalZoom.com Stock Down 0.9 %

Shares of LegalZoom.com stock traded down $0.07 on Wednesday, reaching $7.21. The stock had a trading volume of 130,126 shares, compared to its average volume of 1,831,853. LegalZoom.com, Inc. has a 1 year low of $5.33 and a 1 year high of $12.21. The company has a 50 day moving average price of $8.29 and a 200 day moving average price of $8.21. The stock has a market capitalization of $1.27 billion, a P/E ratio of 55.35, a P/E/G ratio of 1.73 and a beta of 1.14.

Analyst Ratings Changes

LZ has been the topic of several research reports. JMP Securities restated a "market perform" rating on shares of LegalZoom.com in a report on Friday, April 11th. William Blair restated a "market perform" rating on shares of LegalZoom.com in a report on Thursday, February 27th. Morgan Stanley lowered their price objective on shares of LegalZoom.com from $10.00 to $7.00 and set an "underweight" rating for the company in a research note on Wednesday, April 16th. Barclays raised their target price on shares of LegalZoom.com from $8.00 to $9.00 and gave the company an "equal weight" rating in a research report on Thursday, February 27th. Finally, JPMorgan Chase & Co. upped their price target on shares of LegalZoom.com from $9.00 to $11.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, LegalZoom.com has a consensus rating of "Hold" and a consensus target price of $9.06.

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.