Lexington Partners L.P. Makes New $103,000 Investment in LegalZoom.com, Inc. (NASDAQ:LZ)

Lexington Partners L.P. bought a new stake in LegalZoom.com, Inc. (NASDAQ:LZ) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 13,775 shares of the company’s stock, valued at approximately $103,000. LegalZoom.com accounts for 0.1% of Lexington Partners L.P.’s portfolio, making the stock its 6th biggest position.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its stake in 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 acquiring an additional 2,574,700 shares during the period. Franklin Resources Inc. increased its position in shares of LegalZoom.com by 4.5% in the third quarter. Franklin Resources Inc. now owns 3,067,987 shares of the company’s stock worth $20,310,000 after purchasing an additional 132,189 shares during the period. Tabor Asset Management LP raised its stake in LegalZoom.com by 44.9% in the third quarter. Tabor Asset Management LP now owns 1,522,726 shares of the company’s stock valued at $9,669,000 after purchasing an additional 472,002 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in LegalZoom.com by 2.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,232,747 shares of the company’s stock worth $9,258,000 after buying an additional 34,914 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in LegalZoom.com by 14.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 567,675 shares of the company’s stock valued at $3,605,000 after buying an additional 71,291 shares during the period. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LZ has been the subject of a number of recent analyst reports. Barclays upped their price target on shares of LegalZoom.com from $8.00 to $9.00 and gave the stock an “equal weight” rating in a report on Thursday, February 27th. Morgan Stanley raised their target price on LegalZoom.com from $7.00 to $8.00 and gave the company an “underweight” rating in a report on Monday, January 13th. JPMorgan Chase & Co. upped their price objective on LegalZoom.com from $9.00 to $11.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. UBS Group assumed coverage on LegalZoom.com in a research report on Friday, December 6th. They issued a “neutral” rating and a $9.00 target price on the stock. Finally, JMP Securities reissued a “market perform” rating on shares of LegalZoom.com in a report on Tuesday, February 11th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $9.19.

LegalZoom.com Price Performance

NASDAQ:LZ opened at $9.27 on Tuesday. LegalZoom.com, Inc. has a one year low of $5.33 and a one year high of $13.56. The company has a market cap of $1.63 billion, a PE ratio of 71.31, a P/E/G ratio of 1.73 and a beta of 1.09. The firm’s 50 day simple moving average is $9.11 and its 200 day simple moving average is $7.99.

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.