Institutional Investor Empower Advisory Group LLC Acquires New Position in, Inc. (NASDAQ:LZ)

September 15, 2023

Empower Advisory Group LLC Acquires New Position in, Inc. (NASDAQ:LZ)

Empower Advisory Group LLC, an institutional investor, recently announced the acquisition of a new position in shares of, Inc. (NASDAQ:LZ) during the first quarter. The move was revealed in the company’s most recent Form 13F filing with the Securities and Exchange Commission (SEC). Empower Advisory Group LLC now holds 123,800 shares of, valued at approximately $1,118,000. This new acquisition represents approximately 0.06% ownership of as stated in its latest SEC filing.

The move by Empower Advisory Group LLC indicates a growing interest in and demonstrates confidence in the company’s potential for future growth. As an institutional investor, Empower Advisory Group LLC’s investment decisions are often seen as indicators of market trends and can influence perceptions among other potential investors. last reported its earnings results on Tuesday, August 8th. The company’s earnings per share (EPS) for the quarter stood at $0.02, falling short of the consensus estimate of $0.03 by ($0.01). However, despite this setback, generated revenue amounting to $168.85 million during the same quarter—an impressive figure that exceeded the consensus estimate of $167.04 million.

Although experienced a negative net margin of 1.47%, it maintained a positive return on equity at 0.80%. Additionally, research analysts foresee posting an EPS of 0.12 for the current fiscal year.

Meanwhile, Director Dipan Patel also made headlines recently due to his sale of 20,818,755 shares of stock on Monday, September 11th. The transaction was completed at an average price of $9.55, resulting in a total transaction value of $198,819,110.25. Following this sale, Patel now holds 17,194,233 shares in with a value of $164,204,925.15. This information was disclosed in a document filed with the SEC and is accessible via this link.

It is worth noting that insiders currently own 44.60% of’s stock—a significant figure that indicates strong internal support for the company.

Empower Advisory Group LLC’s acquisition of a new position in highlights the potential for future growth and stability within the company. These developments may inspire other investors to consider investing in as well. As always, it is prudent to conduct thorough research and analysis before making any investment decisions.

Disclaimer: The information presented in this article is based on publicly available sources and does not constitute financial advice. It is highly recommended to seek professional guidance from qualified individuals or consult relevant authorities before making any investment decisions.

1. Empower Advisory Group Acquires New Position in LegalZoom:
2. LegalZoom Reports Earnings Results:
3. Director Dipan Patel Sells Shares of Stock:
4. SEC Filing Document:, Inc.


Strong Buy

Updated on: 16/09/2023

Price Target

Current $10.20

Concensus $14.33

Low $0.00

Median $15.00

High $0.00

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Social Sentiments

We did not find social sentiment data for this stock

Analyst Ratings

Analyst / firm Rating
Credit Suisse Buy
Morgan Stanley Sell
Elizabeth Porter
Morgan Stanley
Citigroup Buy

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Investor Interest and Analyst Recommendations for, Inc., Inc. is a company that has captured the attention of investors and analysts alike. Over the past few months, several large investors have either increased or decreased their stakes in the business, leading to a high degree of perplexity and bustiness in the market.

One notable investor who has significantly boosted its holdings in is Ameriprise Financial Inc. During the first quarter, Ameriprise Financial Inc. increased its ownership by an astonishing 141.0%. This translates to them now owning 95,389 shares of’s stock, which is worth $895,000. The increase came after purchasing an additional 55,807 shares during the last quarter.

In addition to Ameriprise Financial Inc., JPMorgan Chase & Co. also lifted its stake in during the first quarter by an impressive 154.9%. Their ownership now stands at 249,474 shares, valued at $2,340,000. This surge was a result of acquiring an additional 151,614 shares during the last quarter.

State Street Corp also joined the race by lifting its stake in by 1.0% during the first quarter. They now own 1,693,341 shares worth $15,884,000 after adding another 16,378 shares to their portfolio.

Other institutional investors and hedge funds have also shown interest in’s stock with First Trust Advisors LP acquiring a new stake valued at $359,000 and G2 Investment Partners Management LLC acquiring a new stake valued at $1,360,000 in the first quarter.

As it stands today on September 15th,, NASDAQ LZ opened at $10.01 on Friday. Notably enough this marked quite a change from its considerable low of $6.89 a year ago and its high of $15.68 only a year earlier as well.

With a market cap of $1.92 billion, possesses a price-to-earnings ratio of -250.13 and a beta of 1.06. Furthermore, the firm’s fifty-day moving average price rests at $12.67, while its 200-day moving average price is $11.01.

The company’s performance and potential have not escaped the attention of analysts either. Recent analyst reports have shed light on LZ’s prospects for growth. For instance, Morgan Stanley increased their price target on the shares from $7.50 to $9.00 and gave the company an “underweight” rating in a research note on Friday, August 11th.

On the other hand, TheStreet recently downgraded shares of from a “c-” rating to a “d+” rating in a research note on Thursday, September 7th. JMP Securities remained optimistic with a “market outperform” rating and set a $15.00 target price on shares of in another research note on Monday, August 14th.

Barclays also raised their target price from $12.00 to an impressive $17.00 while giving the stock an “overweight” rating in yet another research note on Wednesday, August 9th.

In line with Barclays’ views, JPMorgan Chase & Co., raised their target price on’s stock from $13.00 to $17.000 and assigned it an “overweight” rating as well.

All in all, according to data from, there seems to be relative agreement among analysts with one sell rating given for LZ’s stock alongside one hold rating and five buy ratings.

While it remains to be seen how will fare in the coming months and years, its recent performance has certainly caught the attention of investors and analysts alike who see promise in its future growth potential.

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