Universal Beteiligungs und Servicegesellschaft mbH Has $1.65 Million Stock Holdings in LegalZoom.com, Inc. $LZ

Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in shares of LegalZoom.com, Inc. (NASDAQ:LZ) by 120.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 166,156 shares of the company’s stock after buying an additional 90,762 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in LegalZoom.com were worth $1,650,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership grew 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 valued at $45,757,000 after acquiring an additional 758,367 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of LegalZoom.com by 2.8% in the third 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. Dimensional Fund Advisors LP boosted its holdings in shares of LegalZoom.com by 7.8% during the third quarter. Dimensional Fund Advisors LP now owns 2,680,984 shares of the company’s stock worth $27,833,000 after purchasing an additional 194,080 shares during the period. JPMorgan Chase & Co. grew its position in LegalZoom.com by 60.4% during the third quarter. JPMorgan Chase & Co. now owns 2,170,327 shares of the company’s stock valued at $22,528,000 after purchasing an additional 817,462 shares in the last quarter. Finally, Punch & Associates Investment Management Inc. grew its position in LegalZoom.com by 33.6% during the third quarter. Punch & Associates Investment Management Inc. now owns 2,126,260 shares of the company’s stock valued at $22,071,000 after purchasing an additional 535,290 shares in the last quarter. 81.99% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Insider Activity at LegalZoom.com

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

LegalZoom.com Price Performance

LegalZoom.com stock opened at $6.74 on Friday. LegalZoom.com, Inc. has a one year low of $5.28 and a one year high of $12.40. The company’s fifty day moving average price is $6.25 and its two-hundred day moving average price is $8.32. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 84.26, a PEG ratio of 1.39 and a beta of 1.33.

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

LegalZoom.com declared that its board has initiated a share repurchase plan on Thursday, February 19th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 8.1% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

LegalZoom.com 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.