Janus Henderson Group PLC Sells 354,675 Shares of LegalZoom.com, Inc. $LZ

Janus Henderson Group PLC lessened its holdings in shares of LegalZoom.com, Inc. (NASDAQ:LZ) by 88.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 47,800 shares of the company’s stock after selling 354,675 shares during the period. Janus Henderson Group PLC’s holdings in LegalZoom.com were worth $271,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership increased its stake in LegalZoom.com by 20.8% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 4,408,170 shares of the company’s stock worth $45,757,000 after acquiring an additional 758,367 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of LegalZoom.com by 165.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,730,487 shares of the company’s stock valued at $37,044,000 after acquiring an additional 2,324,481 shares during the period. Boston Partners grew its holdings in shares of LegalZoom.com by 81.0% during the 4th quarter. Boston Partners now owns 3,623,111 shares of the company’s stock worth $36,054,000 after purchasing an additional 1,621,125 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of LegalZoom.com by 2.8% during the 3rd quarter. Franklin Resources Inc. now owns 3,327,296 shares of the company’s stock worth $34,537,000 after purchasing an additional 90,599 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of LegalZoom.com by 3.0% in the first quarter. Dimensional Fund Advisors LP now owns 3,112,895 shares of the company’s stock worth $17,650,000 after purchasing an additional 91,131 shares during the period. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at LegalZoom.com

In related news, CFO Noel Bertram Watson sold 15,000 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $6.45, for a total value of $96,750.00. Following the completion of the transaction, the chief financial officer owned 2,041,847 shares of the company’s stock, valued at $13,169,913.15. This represents a 0.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Nicole Miller sold 19,199 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $6.58, for a total transaction of $126,329.42. Following the completion of the sale, the insider owned 1,119,222 shares in the company, valued at $7,364,480.76. This represents a 1.69% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 7.40% of the stock is owned by corporate insiders.

LegalZoom.com Stock Down 4.2%

LegalZoom.com stock opened at $5.44 on Wednesday. The stock has a market cap of $931.65 million, a PE ratio of 60.44, a P/E/G ratio of 1.00 and a beta of 1.28. LegalZoom.com, Inc. has a 12-month low of $5.22 and a 12-month high of $12.40. The business’s 50-day moving average price is $6.69 and its two-hundred day moving average price is $6.67.

LegalZoom.com (NASDAQ:LZ) last posted its earnings results on Wednesday, August 5th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. The firm had revenue of $205.29 million during the quarter, compared to analysts’ expectations of $205.83 million. LegalZoom.com had a net margin of 2.13% and a return on equity of 15.83%. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.15 earnings per share. As a group, analysts expect that LegalZoom.com, Inc. will post 0.35 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on LZ shares. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $7.00 price objective (down from $8.00) on shares of LegalZoom.com in a research report on Thursday, August 6th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of LegalZoom.com in a report on Thursday, July 2nd. Citigroup reduced their price target on shares of LegalZoom.com from $8.50 to $7.50 and set a “neutral” rating on the stock in a research report on Friday, May 22nd. William Blair cut shares of LegalZoom.com from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 6th. Finally, Wall Street Zen downgraded shares of LegalZoom.com from a “buy” rating to a “hold” rating in a research report on Saturday. Five research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $7.30.

LegalZoom.com Company Profile

LegalZoom.com, Inc (NASDAQ: LZ) operates as a leading online legal technology company that provides a broad range of legal and business services to individuals, families and small businesses. Through its digital platform, the company offers customized legal documents and filing services, including business formation (LLCs, corporations and nonprofits), estate planning (wills and trusts), intellectual property protection (trademarks and copyrights), and ongoing compliance support. LegalZoom also connects customers with independent attorneys for consultations on matters such as family law, immigration and real estate.

Founded in 2001 by entrepreneurs Brian Lee, Brian P.