LegalZoom.com, Inc. $LZ Shares Acquired by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in shares of LegalZoom.com, Inc. (NASDAQ:LZ) by 120.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 166,156 shares of the company’s stock after buying an additional 90,762 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.09% of LegalZoom.com worth $1,650,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LZ. Exchange Traded Concepts LLC purchased a new stake in shares of LegalZoom.com during the third quarter valued at approximately $34,000. Parkside Financial Bank & Trust acquired a new position in shares of LegalZoom.com during the third quarter worth $40,000. EverSource Wealth Advisors LLC boosted its stake in shares of LegalZoom.com by 976.4% in the second quarter. EverSource Wealth Advisors LLC now owns 4,564 shares of the company’s stock valued at $41,000 after purchasing an additional 4,140 shares during the period. Osaic Holdings Inc. grew its holdings in LegalZoom.com by 477.3% during the 2nd quarter. Osaic Holdings Inc. now owns 4,555 shares of the company’s stock valued at $41,000 after purchasing an additional 3,766 shares in the last quarter. Finally, Clearstead Advisors LLC grew its holdings in LegalZoom.com by 58.5% during the 3rd quarter. Clearstead Advisors LLC now owns 3,906 shares of the company’s stock valued at $41,000 after purchasing an additional 1,441 shares in the last quarter. 81.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have commented on LZ. JPMorgan Chase & Co. cut their price objective on shares of LegalZoom.com from $14.00 to $11.00 and set an “overweight” rating on the stock in a report on Wednesday, February 18th. Weiss Ratings downgraded LegalZoom.com from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, April 6th. Zacks Research upgraded LegalZoom.com from a “strong sell” rating to a “hold” rating in a research note on Monday, February 23rd. Barclays reissued an “underweight” rating and issued a $6.00 price target (down from $9.00) on shares of LegalZoom.com in a report on Wednesday, March 4th. Finally, UBS Group lowered their price objective on LegalZoom.com from $12.00 to $8.00 and set a “neutral” rating for the company in a research note on Friday, February 20th. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $9.42.

Insider Activity

In other LegalZoom.com news, CFO Noel Bertram Watson sold 15,000 shares of the company’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $6.96, for a total transaction of $104,400.00. Following the completion of the sale, the chief financial officer directly owned 1,480,860 shares of the company’s stock, valued at approximately $10,306,785.60. This represents a 1.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Nicole Miller sold 23,325 shares of the firm’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $6.63, for a total transaction of $154,644.75. Following the completion of the transaction, the insider owned 813,033 shares of the company’s stock, valued at approximately $5,390,408.79. The trade was a 2.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 5.90% of the stock is currently owned by insiders.

LegalZoom.com Trading Up 4.5%

LZ opened at $6.74 on Friday. The business’s 50 day moving average is $6.25 and its 200-day moving average is $8.32. The stock has a market cap of $1.17 billion, a PE ratio of 84.26, a price-to-earnings-growth ratio of 1.39 and a beta of 1.33. LegalZoom.com, Inc. has a twelve month low of $5.28 and a twelve month high of $12.40.

LegalZoom.com (NASDAQ:LZ) last issued its quarterly earnings results on Thursday, February 19th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.01). LegalZoom.com had a return on equity of 6.35% and a net margin of 2.04%.The business had revenue of $190.27 million during the quarter, compared to the consensus estimate of $184.85 million. During the same quarter last year, the firm posted $0.19 earnings per share. LegalZoom.com’s revenue was up 17.7% compared to the same quarter last year. As a group, analysts forecast that LegalZoom.com, Inc. will post 0.27 EPS for the current year.

LegalZoom.com announced that its Board of Directors has initiated a stock repurchase plan on Thursday, February 19th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 8.1% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

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.