Teacher Retirement System of Texas Buys 6,014 Shares of Life360, Inc. (NASDAQ:LIF)

Teacher Retirement System of Texas grew its holdings in Life360, Inc. (NASDAQ:LIF - Free Report) by 81.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,365 shares of the company's stock after purchasing an additional 6,014 shares during the quarter. Teacher Retirement System of Texas' holdings in Life360 were worth $513,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of LIF. Franklin Resources Inc. boosted its stake in shares of Life360 by 402.9% in the 4th quarter. Franklin Resources Inc. now owns 539,592 shares of the company's stock valued at $22,269,000 after purchasing an additional 432,292 shares during the last quarter. Marshall Wace LLP boosted its stake in Life360 by 86.2% during the 4th quarter. Marshall Wace LLP now owns 411,326 shares of the company's stock worth $16,975,000 after acquiring an additional 190,422 shares during the last quarter. Citadel Advisors LLC boosted its stake in Life360 by 1,233.3% during the 4th quarter. Citadel Advisors LLC now owns 200,781 shares of the company's stock worth $8,286,000 after acquiring an additional 185,722 shares during the last quarter. Swiss National Bank bought a new position in Life360 during the 4th quarter worth approximately $5,717,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Life360 during the 4th quarter worth approximately $5,090,000. Institutional investors own 20.00% of the company's stock.

Life360 Stock Performance

LIF stock traded up $2.96 during mid-day trading on Friday, hitting $74.38. 873,611 shares of the company were exchanged, compared to its average volume of 505,908. Life360, Inc. has a 1-year low of $28.94 and a 1-year high of $74.90. The firm has a market cap of $5.69 billion and a P/E ratio of 826.44. The firm's 50 day simple moving average is $62.53 and its 200 day simple moving average is $48.83.

Life360 (NASDAQ:LIF - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.04) by $0.09. Life360 had a net margin of 2.42% and a return on equity of 4.05%. The company had revenue of $103.62 million for the quarter, compared to the consensus estimate of $101.48 million. On average, equities research analysts predict that Life360, Inc. will post -0.17 EPS for the current fiscal year.

Insider Buying and Selling

In other news, General Counsel Susan L. Stick sold 500 shares of Life360 stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $63.75, for a total value of $31,875.00. Following the sale, the general counsel directly owned 105,922 shares in the company, valued at $6,752,527.50. This trade represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John Philip Coghlan sold 3,125 shares of Life360 stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $65.93, for a total transaction of $206,031.25. Following the completion of the sale, the director owned 15,625 shares in the company, valued at $1,030,156.25. This trade represents a 16.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 113,293 shares of company stock valued at $6,786,026 over the last ninety days. Insiders own 8.00% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Canaccord Genuity Group set a $75.00 price objective on shares of Life360 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Loop Capital raised their target price on shares of Life360 from $52.00 to $58.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. Citigroup restated an "outperform" rating on shares of Life360 in a report on Monday, June 16th. Stifel Nicolaus dropped their target price on shares of Life360 from $52.00 to $48.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Finally, UBS Group raised their target price on shares of Life360 from $57.00 to $71.00 and gave the stock a "buy" rating in a report on Monday, June 16th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $59.50.

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.