Life360, Inc. $LIF Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC increased its position in Life360, Inc. (NASDAQ:LIF) by 8.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,153,096 shares of the company’s stock after acquiring an additional 85,857 shares during the period. Geode Capital Management LLC owned approximately 1.47% of Life360 worth $74,372,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Citigroup Inc. increased its holdings in shares of Life360 by 158.4% in the 3rd quarter. Citigroup Inc. now owns 749,569 shares of the company’s stock worth $79,679,000 after acquiring an additional 459,463 shares during the period. Wilson Asset Management International PTY Ltd. increased its holdings in shares of Life360 by 108.6% in the 4th quarter. Wilson Asset Management International PTY Ltd. now owns 50,000 shares of the company’s stock worth $3,207,000 after acquiring an additional 26,028 shares during the period. Vanguard Group Inc. increased its holdings in shares of Life360 by 18.0% in the 3rd quarter. Vanguard Group Inc. now owns 8,271,920 shares of the company’s stock worth $879,305,000 after acquiring an additional 1,260,236 shares during the period. Principal Financial Group Inc. acquired a new stake in shares of Life360 in the 3rd quarter worth about $5,762,000. Finally, American Century Companies Inc. acquired a new stake in shares of Life360 in the 3rd quarter worth about $44,632,000. Institutional investors and hedge funds own 20.00% of the company’s stock.

Insider Activity at Life360

In other Life360 news, Director Charles J. Prober sold 7,930 shares of the firm’s stock in a transaction dated 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 trade represents a 6.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lauren Antonoff sold 2,716 shares of the firm’s stock in a transaction dated Thursday, April 16th. The shares were 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. The trade was 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. Insiders sold a total of 70,263 shares of company stock worth $2,926,637 in the last 90 days. Corporate insiders own 6.80% of the company’s stock.

Life360 Stock Up 2.8%

Life360 stock opened at $46.64 on Tuesday. 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 current ratio of 5.37, a quick ratio of 5.23 and a debt-to-equity ratio of 0.52. The company’s 50-day moving average price is $42.59 and its two-hundred day moving average price is $52.97. Life360, Inc. has a 52 week low of $37.01 and a 52 week high of $112.54.

Analyst Ratings Changes

LIF has been the topic of a number of analyst reports. Weiss Ratings cut shares of Life360 from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, May 12th. Bank of America initiated coverage on shares of Life360 in a report on Wednesday, April 22nd. They issued a “buy” rating and a $60.00 price objective on the stock. UBS Group dropped their price objective on shares of Life360 from $75.00 to $64.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Canaccord Genuity Group set a $72.00 price objective on shares of Life360 in a report on Tuesday, May 12th. Finally, Evercore set a $68.00 price objective on shares of Life360 in a report on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $63.94.

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.