Jump Financial LLC Sells 147,830 Shares of LegalZoom.com, Inc. (NASDAQ:LZ)

Jump Financial LLC lessened its holdings in shares of LegalZoom.com, Inc. (NASDAQ:LZ) by 81.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 34,022 shares of the company’s stock after selling 147,830 shares during the period. Jump Financial LLC’s holdings in LegalZoom.com were worth $256,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake 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 acquiring an additional 2,574,700 shares during the last quarter. Renaissance Technologies LLC increased its stake in 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 acquiring an additional 250,409 shares during the last quarter. Franklin Resources Inc. increased its stake in LegalZoom.com by 0.9% in the fourth quarter. Franklin Resources Inc. now owns 3,094,594 shares of the company’s stock valued at $23,240,000 after acquiring an additional 26,607 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in LegalZoom.com by 2.9% in the fourth 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 in the last quarter. Finally, JPMorgan Chase & Co. boosted 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 buying an additional 585,734 shares in the last quarter. 81.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on LZ. JMP Securities restated a “market perform” rating on shares of LegalZoom.com in a research report on Friday, April 11th. Morgan Stanley cut their target price on shares of LegalZoom.com from $10.00 to $7.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 16th. William Blair restated a “market perform” rating on shares of LegalZoom.com in a research report on Thursday, February 27th. 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. raised their target price on shares of LegalZoom.com from $9.00 to $11.00 and gave the company 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 assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, LegalZoom.com presently has an average rating of “Hold” and an average target price of $9.06.

LegalZoom.com Stock Performance

Shares of NASDAQ:LZ opened at $7.11 on Monday. The firm has a market cap of $1.25 billion, a PE ratio of 54.70, a price-to-earnings-growth ratio of 1.73 and a beta of 1.13. The firm’s fifty day moving average is $8.53 and its 200-day moving average is $8.19. LegalZoom.com, Inc. has a 52 week low of $5.33 and a 52 week high of $12.55.

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.