Voya Investment Management LLC Purchases 47,815 Shares of LegalZoom.com, Inc. (NASDAQ:LZ)

Voya Investment Management LLC increased its holdings in shares of LegalZoom.com, Inc. (NASDAQ:LZ) by 11.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 475,052 shares of the company’s stock after purchasing an additional 47,815 shares during the period. Voya Investment Management LLC owned 0.27% of LegalZoom.com worth $3,568,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Mariner LLC boosted its stake in shares of LegalZoom.com by 5.6% during the 4th quarter. Mariner LLC now owns 44,638 shares of the company’s stock worth $335,000 after acquiring an additional 2,348 shares during the period. Summit Trail Advisors LLC boosted its position in LegalZoom.com by 6.8% during the fourth quarter. Summit Trail Advisors LLC now owns 73,531 shares of the company’s stock worth $552,000 after purchasing an additional 4,697 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of LegalZoom.com by 8.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 65,240 shares of the company’s stock valued at $490,000 after purchasing an additional 5,045 shares during the last quarter. Walleye Trading LLC raised its position in shares of LegalZoom.com by 33.2% in the fourth quarter. Walleye Trading LLC now owns 21,090 shares of the company’s stock valued at $158,000 after purchasing an additional 5,252 shares during the period. Finally, MetLife Investment Management LLC lifted its stake in shares of LegalZoom.com by 8.5% during the 4th quarter. MetLife Investment Management LLC now owns 85,168 shares of the company’s stock worth $640,000 after buying an additional 6,669 shares during the last quarter. Institutional investors and hedge funds own 81.99% of the company’s stock.

LegalZoom.com Stock Performance

Shares of NASDAQ LZ opened at $7.31 on Friday. The stock has a market capitalization of $1.29 billion, a P/E ratio of 56.24, a PEG ratio of 1.73 and a beta of 1.13. The stock’s fifty day moving average is $8.41 and its 200 day moving average is $8.19. LegalZoom.com, Inc. has a 52 week low of $5.33 and a 52 week high of $12.30.

Analysts Set New Price Targets

Several research analysts have weighed in on LZ shares. JMP Securities reissued a “market perform” rating on shares of LegalZoom.com in a report on Friday, April 11th. JPMorgan Chase & Co. upped their target price on LegalZoom.com from $9.00 to $11.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. William Blair reissued a “market perform” rating on shares of LegalZoom.com in a report on Thursday, February 27th. Barclays upped their price objective on LegalZoom.com from $8.00 to $9.00 and gave the company an “equal weight” rating in a report on Thursday, February 27th. Finally, Morgan Stanley dropped their target price on LegalZoom.com from $10.00 to $7.00 and set an “underweight” rating for the company in a report on Wednesday, April 16th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $9.06.

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.