Summit Trail Advisors LLC Boosts Stock Holdings in LegalZoom.com, Inc. (NASDAQ:LZ)

Summit Trail Advisors LLC grew its stake in shares of LegalZoom.com, Inc. (NASDAQ:LZ) by 6.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 73,531 shares of the company’s stock after buying an additional 4,697 shares during the period. Summit Trail Advisors LLC’s holdings in LegalZoom.com were worth $552,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Nisa Investment Advisors LLC lifted its position in LegalZoom.com by 179.8% during the third quarter. Nisa Investment Advisors LLC now owns 6,099 shares of the company’s stock valued at $39,000 after buying an additional 3,919 shares in the last quarter. Quarry LP raised its holdings in shares of LegalZoom.com by 83.4% during the 3rd quarter. Quarry LP now owns 8,206 shares of the company’s stock valued at $52,000 after buying an additional 3,732 shares during the period. Wexford Capital LP purchased a new stake in shares of LegalZoom.com during the 3rd quarter valued at about $64,000. Creative Planning acquired a new position in LegalZoom.com during the 3rd quarter worth approximately $72,000. Finally, Paloma Partners Management Co purchased a new position in LegalZoom.com in the 3rd quarter worth approximately $81,000. 81.99% of the stock is owned by hedge funds and other institutional investors.

LegalZoom.com Stock Up 0.9 %

Shares of LegalZoom.com stock opened at $9.30 on Wednesday. The business has a 50-day moving average price of $8.24 and a 200 day moving average price of $7.35. LegalZoom.com, Inc. has a fifty-two week low of $5.33 and a fifty-two week high of $13.74. The firm has a market cap of $1.61 billion, a P/E ratio of 71.54, a P/E/G ratio of 1.76 and a beta of 1.13.

Analyst Ratings Changes

A number of research firms have recently issued reports on LZ. Barclays boosted their target price on shares of LegalZoom.com from $7.00 to $8.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. Citigroup boosted their price objective on shares of LegalZoom.com from $7.00 to $8.50 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. UBS Group began coverage on LegalZoom.com in a research note on Friday, December 6th. They set a “neutral” rating and a $9.00 target price for the company. JPMorgan Chase & Co. lifted their target price on LegalZoom.com from $9.00 to $11.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, Morgan Stanley increased their price target on LegalZoom.com from $7.00 to $8.00 and gave the company an “underweight” rating in a report on Monday, January 13th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target 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.