LegalZoom.com, Inc. $LZ Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lessened its holdings in LegalZoom.com, Inc. (NASDAQ:LZ) by 23.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 286,434 shares of the company’s stock after selling 88,476 shares during the period. Y Intercept Hong Kong Ltd owned about 0.16% of LegalZoom.com worth $2,973,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of LZ. Exchange Traded Concepts LLC purchased a new stake in shares of LegalZoom.com in the third quarter valued at approximately $34,000. Parkside Financial Bank & Trust purchased a new stake in LegalZoom.com in the 3rd quarter worth $40,000. Osaic Holdings Inc. raised its position in LegalZoom.com by 477.3% during the second quarter. Osaic Holdings Inc. now owns 4,555 shares of the company’s stock worth $41,000 after acquiring an additional 3,766 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in LegalZoom.com by 976.4% during 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 in the last quarter. Finally, Canada Pension Plan Investment Board purchased a new position in LegalZoom.com during the second quarter valued at $78,000. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of LegalZoom.com in a report on Monday, December 29th. Citigroup decreased their target price on LegalZoom.com from $12.00 to $10.50 and set a “neutral” rating on the stock in a research report on Friday, November 21st. Zacks Research cut LegalZoom.com from a “hold” rating to a “strong sell” rating in a research report on Monday, January 19th. Wall Street Zen downgraded LegalZoom.com from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 1st. Finally, Barclays lifted their target price on shares of LegalZoom.com from $10.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 6th. Three research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $11.50.

Insider Transactions at LegalZoom.com

In other LegalZoom.com news, CFO Noel Bertram Watson sold 15,000 shares of the firm’s stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $9.56, for a total transaction of $143,400.00. Following the completion of the transaction, the chief financial officer owned 1,551,582 shares of the company’s stock, valued at approximately $14,833,123.92. This trade represents a 0.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Nicole Miller sold 23,506 shares of LegalZoom.com stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $9.63, for a total transaction of $226,362.78. Following the completion of the sale, the insider directly owned 868,627 shares of the company’s stock, valued at $8,364,878.01. The trade was a 2.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 5.90% of the company’s stock.

LegalZoom.com Stock Performance

Shares of LZ stock opened at $8.98 on Tuesday. The stock has a fifty day moving average price of $9.63 and a 200 day moving average price of $9.94. The stock has a market cap of $1.59 billion, a PE ratio of 74.84, a P/E/G ratio of 1.48 and a beta of 1.22. LegalZoom.com, Inc. has a 1 year low of $6.47 and a 1 year high of $12.40.

LegalZoom.com (NASDAQ:LZ) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). LegalZoom.com had a net margin of 3.05% and a return on equity of 9.91%. The firm had revenue of $190.16 million during the quarter, compared to analysts’ expectations of $183.27 million. During the same quarter in the prior year, the business earned $0.17 EPS. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. As a group, equities research analysts predict that LegalZoom.com, Inc. will post 0.25 earnings per share for the current year.

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.