Citadel Advisors LLC Acquires 185,722 Shares of Life360, Inc. (NASDAQ:LIF)

Citadel Advisors LLC grew its position in Life360, Inc. (NASDAQ:LIF - Free Report) by 1,233.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 200,781 shares of the company's stock after acquiring an additional 185,722 shares during the period. Citadel Advisors LLC owned 0.27% of Life360 worth $8,286,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. New York State Common Retirement Fund acquired a new stake in shares of Life360 in the 4th quarter valued at about $25,000. Summit Investment Advisors Inc. boosted its stake in Life360 by 82.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the company's stock valued at $44,000 after purchasing an additional 484 shares during the last quarter. KBC Group NV acquired a new position in Life360 during the 4th quarter valued at about $147,000. Corebridge Financial Inc. boosted its stake in Life360 by 64.0% during the 4th quarter. Corebridge Financial Inc. now owns 5,092 shares of the company's stock valued at $210,000 after purchasing an additional 1,987 shares during the last quarter. Finally, MetLife Investment Management LLC boosted its stake in Life360 by 79.9% during the 4th quarter. MetLife Investment Management LLC now owns 6,373 shares of the company's stock valued at $263,000 after purchasing an additional 2,830 shares during the last quarter. 20.00% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

LIF has been the topic of a number of research analyst reports. Canaccord Genuity Group boosted their target price on Life360 from $58.00 to $70.00 and gave the stock a "buy" rating in a research note on Tuesday. Loop Capital increased their target price on Life360 from $52.00 to $58.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. Stifel Nicolaus dropped their target price on shares of Life360 from $52.00 to $48.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Finally, UBS Group lifted their target price on shares of Life360 from $55.00 to $57.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $51.00.

Insider Activity at Life360

In other Life360 news, Director John Philip Coghlan sold 3,125 shares of the business's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $43.30, for a total transaction of $135,312.50. Following the completion of the sale, the director now owns 32,903 shares in the company, valued at $1,424,699.90. The trade was a 8.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Russell John Burke sold 3,104 shares of the stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of $39.21, for a total transaction of $121,707.84. Following the completion of the transaction, the chief financial officer now owns 215,291 shares of the company's stock, valued at $8,441,560.11. This represents a 1.42% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 173,881 shares of company stock worth $7,220,851. 8.00% of the stock is owned by company insiders.

Life360 Price Performance

Shares of Life360 stock traded up $2.13 during trading hours on Wednesday, hitting $63.02. The company had a trading volume of 197,170 shares, compared to its average volume of 404,865. The company's 50-day moving average is $41.68 and its two-hundred day moving average is $43.37. Life360, Inc. has a twelve month low of $26.00 and a twelve month high of $63.35. The company has a market cap of $4.82 billion and a P/E ratio of 702.76.

Life360 (NASDAQ:LIF - Get Free Report) last released its earnings results on Monday, May 12th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.09. Life360 had a negative net margin of 4.72% and a negative return on equity of 4.03%. The company had revenue of $103.62 million during the quarter, compared to analysts' expectations of $101.48 million. Sell-side analysts expect that Life360, Inc. will post -0.17 EPS for the current year.

Life360 Company Profile

Life360 Inc is a family connection and safety company. Its business category includes mobile app and Tile tracking devices with a range of services, including location sharing, safe driver reports and crash detection with emergency dispatch. Life360 Inc is based in SAN FRANCISCO.