XTX Topco Ltd Raises Stock Holdings in LegalZoom.com, Inc. (NASDAQ:LZ)

XTX Topco Ltd lifted its stake in shares of LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) by 200.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,438 shares of the company's stock after purchasing an additional 44,975 shares during the quarter. XTX Topco Ltd's holdings in LegalZoom.com were worth $506,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings 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 buying an additional 2,574,700 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of LegalZoom.com by 7.6% in the fourth quarter. Renaissance Technologies LLC now owns 3,525,142 shares of the company's stock valued at $26,474,000 after purchasing an additional 250,409 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of LegalZoom.com by 0.9% during the 4th quarter. Franklin Resources Inc. now owns 3,094,594 shares of the company's stock worth $23,240,000 after purchasing an additional 26,607 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in LegalZoom.com by 2.9% during 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 buying an additional 34,914 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in LegalZoom.com by 103.2% during the fourth quarter. JPMorgan Chase & Co. now owns 1,153,409 shares of the company's stock worth $8,662,000 after buying an additional 585,734 shares in the last quarter. 81.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on LZ. JPMorgan Chase & Co. upped their target price on shares of LegalZoom.com from $9.00 to $11.00 and gave the company an "overweight" rating in a report on Tuesday, February 11th. William Blair restated a "market perform" rating on shares of LegalZoom.com in a research report 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. JMP Securities restated a "market perform" rating on shares of LegalZoom.com in a report on Friday, April 11th. Finally, Morgan Stanley dropped their target price on LegalZoom.com from $10.00 to $7.00 and set an "underweight" rating for the company in a research note on Wednesday, April 16th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $9.06.

LegalZoom.com Stock Performance

Shares of NASDAQ:LZ traded up $0.06 during trading on Friday, reaching $7.09. 229,182 shares of the stock were exchanged, compared to its average volume of 1,817,262. The firm's 50-day moving average price is $8.58 and its 200 day moving average price is $8.16. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 54.43, a price-to-earnings-growth ratio of 1.73 and a beta of 1.13. LegalZoom.com, Inc. has a 12-month low of $5.33 and a 12-month high of $12.55.

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.