Life360, Inc. $LIF Position Boosted by Geode Capital Management LLC

Geode Capital Management LLC grew its holdings in shares of Life360, Inc. (NASDAQ:LIF) by 8.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,153,096 shares of the company’s stock after purchasing an additional 85,857 shares during the period. Geode Capital Management LLC’s holdings in Life360 were worth $74,372,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in LIF. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Life360 by 6.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,175 shares of the company’s stock valued at $237,000 after purchasing an additional 378 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Life360 by 12.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 138,748 shares of the company’s stock valued at $5,327,000 after purchasing an additional 15,420 shares in the last quarter. Strs Ohio bought a new position in shares of Life360 during the 1st quarter valued at about $157,000. New York State Common Retirement Fund boosted its position in shares of Life360 by 59.4% during the 2nd quarter. New York State Common Retirement Fund now owns 5,100 shares of the company’s stock valued at $333,000 after purchasing an additional 1,900 shares in the last quarter. Finally, Invesco Ltd. boosted its position in shares of Life360 by 1,065.1% during the 2nd quarter. Invesco Ltd. now owns 163,970 shares of the company’s stock valued at $10,699,000 after purchasing an additional 149,896 shares in the last quarter. Institutional investors own 20.00% of the company’s stock.

Life360 Stock Performance

Shares of LIF opened at $46.64 on Tuesday. Life360, Inc. has a one year low of $37.01 and a one year high of $112.54. The company has a 50-day moving average of $42.59 and a two-hundred day moving average of $52.97. The stock has a market cap of $3.78 billion, a price-to-earnings ratio of 26.96 and a beta of 2.63. The company has a debt-to-equity ratio of 0.52, a current ratio of 5.37 and a quick ratio of 5.23.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other Life360 news, Director Chris Hulls sold 16,379 shares of the firm’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $40.34, for a total value of $660,728.86. Following the completion of the transaction, the director directly owned 403,485 shares in the company, valued at $16,276,584.90. This trade represents a 3.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John Philip Coghlan sold 4,000 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $43.99, for a total transaction of $175,960.00. Following the completion of the transaction, the director owned 28,431 shares of the company’s stock, valued at approximately $1,250,679.69. The trade was a 12.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 70,263 shares of company stock valued at $2,926,637. Corporate insiders own 6.80% of the company’s stock.

Life360 Profile

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.