XY Capital Ltd Purchases New Position in Life360, Inc. $LIF

XY Capital Ltd purchased a new stake in Life360, Inc. (NASDAQ:LIF) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 94,526 shares of the company’s stock, valued at approximately $6,063,000. Life360 comprises about 3.8% of XY Capital Ltd’s holdings, making the stock its 3rd biggest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LIF. SBI Securities Co. Ltd. increased its stake in shares of Life360 by 824.1% during the third quarter. SBI Securities Co. Ltd. now owns 268 shares of the company’s stock worth $28,000 after acquiring an additional 239 shares during the period. MCF Advisors LLC acquired a new position in Life360 during the fourth quarter worth about $32,000. NewEdge Advisors LLC purchased a new stake in shares of Life360 in the third quarter valued at about $32,000. IFP Advisors Inc purchased a new stake in shares of Life360 in the third quarter valued at about $47,000. Finally, Jones Financial Companies Lllp lifted its holdings in shares of Life360 by 1,663.3% in the third quarter. Jones Financial Companies Lllp now owns 529 shares of the company’s stock valued at $55,000 after purchasing an additional 499 shares in the last quarter. 20.00% of the stock is owned by hedge funds and other institutional investors.

Life360 Stock Performance

Shares of LIF opened at $45.28 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 5.23 and a current ratio of 5.37. The company has a market capitalization of $3.67 billion, a price-to-earnings ratio of 26.17 and a beta of 2.62. The company’s 50 day simple moving average is $42.98 and its 200 day simple moving average is $52.45. Life360, Inc. has a 1 year low of $37.01 and a 1 year high of $112.54.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Citigroup reaffirmed a “buy” rating on shares of Life360 in a report on Monday. Macquarie Infrastructure assumed coverage on shares of Life360 in a report on Tuesday, April 28th. They issued an “outperform” rating and a $32.20 price target on the stock. Canaccord Genuity Group set a $72.00 price target on shares of Life360 in a report on Tuesday, May 12th. Evercore set a $68.00 price target on shares of Life360 in a report on Tuesday, May 12th. Finally, Weiss Ratings downgraded shares of Life360 from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Life360 presently has a consensus rating of “Moderate Buy” and an average target price of $63.94.

Insider Activity

In related news, Director Charles J. Prober sold 7,930 shares of the company’s stock in a transaction that occurred on Monday, April 13th. The shares were sold at an average price of $37.27, for a total transaction of $295,551.10. Following the transaction, the director owned 105,456 shares of the company’s stock, valued at approximately $3,930,345.12. This represents a 6.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lauren Antonoff sold 2,716 shares of the stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $45.23, for a total transaction of $122,844.68. Following the transaction, the chief executive officer directly owned 309,781 shares in the company, valued at approximately $14,011,394.63. This represents a 0.87% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 70,263 shares of company stock worth $2,926,637. 6.80% of the stock is currently owned by corporate insiders.

About Life360

Life360, Inc (NASDAQ: LIF) operates a location-based safety and communication platform designed to help families stay connected and secure. Through its flagship mobile application, Life360 offers real-time location sharing, check-in alerts and geofencing tools that enable users to monitor the whereabouts of family members or other trusted circles. The company’s services extend to emergency response features, including SOS alerts, 24/7 roadside assistance and crash detection capabilities powered by machine-learning algorithms, all aimed at enhancing user safety on the road and at home.

The Life360 platform is offered under a freemium model, with a basic no-cost tier providing essential location sharing and alerts.