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JPMorgan Chase & Co. Buys 817,462 Shares of LegalZoom.com, Inc. $LZ
JPMorgan Chase & Co. significantly increased its stake in LegalZoom.com, Inc. (NASDAQ:LZ) by 60.4%, acquiring an additional 817,462 shares, bringing its total to 2,170,327 shares valued at approximately $22.53 million. This move comes as LegalZoom’s board approved a $100 million share repurchase authorization, allowing buybacks of up to 8.1% of its outstanding shares. LegalZoom recently reported quarterly earnings that missed EPS estimates slightly but exceeded revenue expectations, with revenue growing 17.7% year-over-year.