23,560 Shares in LegalZoom.com, Inc. (NASDAQ:LZ) Purchased by Trustees of Princeton University

Trustees of Princeton University purchased a new position in shares of LegalZoom.com, Inc. (NASDAQ:LZ) during the fourth quarter, HoldingsChannel reports. The fund purchased 23,560 shares of the company’s stock, valued at approximately $266,000. LegalZoom.com comprises 3.4% of Trustees of Princeton University’s investment portfolio, making the stock its 3rd biggest position.

A number of other hedge funds have also bought and sold shares of the business. Wellington Management Group LLP grew its stake in LegalZoom.com by 21.0% during the third quarter. Wellington Management Group LLP now owns 1,198,461 shares of the company’s stock worth $13,111,000 after buying an additional 208,030 shares in the last quarter. Vanguard Group Inc. grew its stake in LegalZoom.com by 21.0% during the third quarter. Vanguard Group Inc. now owns 12,999,938 shares of the company’s stock worth $142,219,000 after buying an additional 2,257,224 shares in the last quarter. Boston Partners grew its stake in LegalZoom.com by 83.0% during the third quarter. Boston Partners now owns 3,315,845 shares of the company’s stock worth $35,877,000 after buying an additional 1,504,152 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in LegalZoom.com by 24.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 908,438 shares of the company’s stock worth $9,938,000 after buying an additional 179,456 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new stake in LegalZoom.com during the third quarter worth about $31,000. 81.99% of the stock is owned by institutional investors.

LegalZoom.com Stock Up 0.5 %

LegalZoom.com stock traded up $0.06 during mid-day trading on Tuesday, hitting $12.17. 1,167,780 shares of the stock were exchanged, compared to its average volume of 1,206,640. LegalZoom.com, Inc. has a 12 month low of $6.89 and a 12 month high of $15.68. The firm’s fifty day simple moving average is $12.46 and its two-hundred day simple moving average is $11.40. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of 152.14, a PEG ratio of 4.11 and a beta of 1.23.

LegalZoom.com (NASDAQ:LZ) last released its quarterly earnings results on Thursday, February 22nd. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.02. LegalZoom.com had a net margin of 2.11% and a return on equity of 15.79%. The firm had revenue of $158.66 million during the quarter, compared to analyst estimates of $156.25 million. As a group, analysts forecast that LegalZoom.com, Inc. will post 0.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of LegalZoom.com from $14.00 to $16.00 and gave the stock an “overweight” rating in a research note on Friday, March 22nd. Barclays reduced their price target on shares of LegalZoom.com from $17.00 to $15.00 and set an “overweight” rating on the stock in a research note on Thursday, February 8th. JMP Securities reiterated a “market outperform” rating and set a $14.00 target price on shares of LegalZoom.com in a research report on Friday, April 12th. Finally, Raymond James began coverage on shares of LegalZoom.com in a research report on Wednesday, March 27th. They set a “market perform” rating on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $14.36.

Insiders Place Their Bets

In other news, COO Richard Preece sold 9,462 shares of LegalZoom.com stock in a transaction on Friday, March 15th. The shares were sold at an average price of $13.17, for a total value of $124,614.54. Following the completion of the sale, the chief operating officer now owns 498,519 shares in the company, valued at approximately $6,565,495.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Nicole Miller sold 16,536 shares of LegalZoom.com stock in a transaction on Friday, February 16th. The shares were sold at an average price of $10.64, for a total value of $175,943.04. Following the completion of the sale, the executive vice president now owns 233,198 shares of the company’s stock, valued at approximately $2,481,226.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Richard Preece sold 9,462 shares of LegalZoom.com stock in a transaction on Friday, March 15th. The stock was sold at an average price of $13.17, for a total transaction of $124,614.54. Following the transaction, the chief operating officer now directly owns 498,519 shares in the company, valued at $6,565,495.23. The disclosure for this sale can be found here. In the last 90 days, insiders sold 60,555 shares of company stock worth $664,688. 44.60% of the stock is currently owned by insiders.

About LegalZoom.com

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.