LegalZoom.com, Inc. $LZ Shares Sold by Hillman Co.

Hillman Co. trimmed its stake in LegalZoom.com, Inc. (NASDAQ:LZ) by 24.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 917,319 shares of the company’s stock after selling 289,875 shares during the quarter. LegalZoom.com makes up about 3.2% of Hillman Co.’s investment portfolio, making the stock its 11th largest holding. Hillman Co.’s holdings in LegalZoom.com were worth $9,109,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. EP Wealth Advisors LLC grew its position in shares of LegalZoom.com by 2.8% during the second quarter. EP Wealth Advisors LLC now owns 41,352 shares of the company’s stock worth $368,000 after acquiring an additional 1,139 shares during the last quarter. Clearstead Advisors LLC lifted its position in LegalZoom.com by 58.5% in the 3rd quarter. Clearstead Advisors LLC now owns 3,906 shares of the company’s stock valued at $41,000 after purchasing an additional 1,441 shares during the last quarter. Prelude Capital Management LLC boosted its stake in LegalZoom.com by 11.6% during the 3rd quarter. Prelude Capital Management LLC now owns 14,185 shares of the company’s stock valued at $147,000 after purchasing an additional 1,470 shares during the period. Avory & Company LLC boosted its stake in LegalZoom.com by 0.4% during the 3rd quarter. Avory & Company LLC now owns 376,419 shares of the company’s stock valued at $3,907,000 after purchasing an additional 1,586 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH grew its position in LegalZoom.com by 2.2% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 75,394 shares of the company’s stock worth $783,000 after purchasing an additional 1,657 shares during the last quarter. Institutional investors and hedge funds own 81.99% of the company’s stock.

Insider Buying and Selling at LegalZoom.com

In related news, CFO Noel Bertram Watson sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $6.96, for a total transaction of $104,400.00. Following the completion of the transaction, the chief financial officer owned 1,480,860 shares of the company’s stock, valued at $10,306,785.60. This trade represents a 1.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Nicole Miller sold 23,325 shares of LegalZoom.com stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $6.63, for a total value of $154,644.75. Following the transaction, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. 5.90% of the stock is currently owned by company insiders.

LegalZoom.com Trading Up 0.5%

Shares of NASDAQ:LZ opened at $5.70 on Thursday. The company has a 50 day moving average of $6.99 and a 200-day moving average of $8.93. The firm has a market cap of $985.64 million, a P/E ratio of 71.26, a P/E/G ratio of 1.23 and a beta of 1.30. LegalZoom.com, Inc. has a twelve month low of $5.44 and a twelve month high of $12.40.

LegalZoom.com (NASDAQ:LZ) last posted its quarterly earnings data on Thursday, February 19th. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). The company had revenue of $190.27 million for the quarter, compared to analyst estimates of $184.85 million. LegalZoom.com had a net margin of 2.04% and a return on equity of 6.35%. LegalZoom.com’s revenue was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.19 EPS. Equities research analysts forecast that LegalZoom.com, Inc. will post 0.25 EPS for the current year.

LegalZoom.com declared that its board has authorized a stock buyback plan on Thursday, February 19th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to buy up to 8.1% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several brokerages have commented on LZ. Zacks Research upgraded shares of LegalZoom.com from a “strong sell” rating to a “hold” rating in a research note on Monday, February 23rd. JPMorgan Chase & Co. decreased their price objective on LegalZoom.com from $14.00 to $11.00 and set an “overweight” rating for the company in a report on Wednesday, February 18th. UBS Group lowered their target price on LegalZoom.com from $12.00 to $8.00 and set a “neutral” rating on the stock in a research report on Friday, February 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of LegalZoom.com in a research note on Monday, December 29th. Finally, Barclays reiterated an “underweight” rating and set a $6.00 price target (down from $9.00) on shares of LegalZoom.com in a research report on Wednesday, March 4th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, LegalZoom.com presently has an average rating of “Hold” and a consensus price target of $9.42.

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.