American Century Companies Inc. Has $4.35 Million Holdings in LegalZoom.com, Inc. $LZ

American Century Companies Inc. increased its holdings in shares of LegalZoom.com, Inc. (NASDAQ:LZ) by 14.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 488,605 shares of the company’s stock after purchasing an additional 60,663 shares during the period. American Century Companies Inc.’s holdings in LegalZoom.com were worth $4,353,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nuveen LLC bought a new position in LegalZoom.com in the first quarter valued at $18,585,000. Driehaus Capital Management LLC bought a new stake in shares of LegalZoom.com during the first quarter worth approximately $10,822,000. Invenomic Capital Management LP acquired a new stake in shares of LegalZoom.com during the first quarter worth $9,457,000. Punch & Associates Investment Management Inc. acquired a new stake in shares of LegalZoom.com in the first quarter valued at approximately $6,897,000. Finally, Cubist Systematic Strategies LLC grew its holdings in shares of LegalZoom.com by 169.1% during the 1st quarter. Cubist Systematic Strategies LLC now owns 1,190,167 shares of the company’s stock worth $10,247,000 after purchasing an additional 747,960 shares in the last quarter. Institutional investors and hedge funds own 81.99% of the company’s stock.

LegalZoom.com Price Performance

LZ opened at $9.38 on Monday. The company has a fifty day moving average price of $9.90 and a 200-day moving average price of $9.75. The firm has a market capitalization of $1.66 billion, a P/E ratio of 78.17, a price-to-earnings-growth ratio of 3.48 and a beta of 1.23. LegalZoom.com, Inc. has a one year low of $6.47 and a one year high of $12.40.

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

Analyst Upgrades and Downgrades

LZ has been the subject of several recent analyst reports. Barclays upped their price objective on LegalZoom.com from $10.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 6th. Citigroup cut their price target on shares of LegalZoom.com from $12.00 to $10.50 and set a “neutral” rating on the stock in a research report on Friday, November 21st. William Blair raised shares of LegalZoom.com from a “market perform” rating to an “outperform” rating in a research report on Thursday, November 6th. Weiss Ratings reissued a “hold (c)” rating on shares of LegalZoom.com in a research report on Monday, December 1st. Finally, JPMorgan Chase & Co. boosted their price target on shares of LegalZoom.com from $12.00 to $14.00 and gave the stock an “overweight” rating in a report on Monday, September 8th. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, LegalZoom.com currently has an average rating of “Hold” and a consensus target price of $11.50.

Insider Activity

In other news, insider Nicole Miller sold 23,506 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $9.63, for a total transaction of $226,362.78. Following the transaction, the insider directly owned 868,627 shares of the company’s stock, valued at approximately $8,364,878.01. This trade represents a 2.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Noel Bertram Watson sold 15,000 shares of the stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $9.56, for a total value of $143,400.00. Following the sale, the chief financial officer directly 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 position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 5.90% of the company’s stock.

LegalZoom.com 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.