Vanguard Group Inc. Has $525.50 Million Holdings in Life360, Inc. $LIF

Key Points

• Vanguard Group trimmed its stake by 1% to 8,192,953 shares and still owns 10.45% of Life360, valued at roughly $525.5 million.
• Company insiders sold a total of 63,037 shares (about $2.68 million) over the last quarter under pre-arranged Rule 10b5-1 plans, including sales by directors Charles Prober and Chris Hulls.
• Shares trade near $46.28 (50-day MA $43.70, 200-day MA $61.09) with a market cap of $3.73B, and analysts hold a consensus Moderate Buy rating with an average target of $69.35.

Vanguard Group Inc. lessened its holdings in shares of Life360, Inc. (NASDAQ:LIF - Free Report) by 1.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,192,953 shares of the company's stock after selling 78,967 shares during the period. Vanguard Group Inc. owned 10.45% of Life360 worth $525,496,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. Citigroup Inc. boosted its holdings in 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 buying an additional 459,463 shares during the period. Principal Financial Group Inc. bought a new position in Life360 in the 3rd quarter worth $5,762,000. Mizuho Markets Americas LLC bought a new position in Life360 in the 3rd quarter worth $12,015,000. Federated Hermes Inc. boosted its holdings in Life360 by 20.3% in the 3rd quarter. Federated Hermes Inc. now owns 446,744 shares of the company's stock worth $47,489,000 after buying an additional 75,283 shares during the period. Finally, American Century Companies Inc. bought a new position in Life360 in the 3rd quarter worth $44,632,000. Institutional investors and hedge funds own 20.00% of the company's stock.

Life360 Stock Up 1.2%

Shares of NASDAQ LIF opened at $46.28 on Tuesday. The firm's 50-day moving average price is $43.70 and its 200-day moving average price is $61.09. The company has a current ratio of 6.26, a quick ratio of 6.16 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $3.73 billion, a price-to-earnings ratio of 26.45 and a beta of 2.81. Life360, Inc. has a 12-month low of $37.01 and a 12-month high of $112.54.

Insider Buying and Selling at Life360

In other news, Director Charles J. Prober sold 7,930 shares of the company'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 sale, the director directly owned 105,456 shares in the company, valued at approximately $3,930,345.12. This represents a 6.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Chris Hulls sold 16,105 shares of the company's stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $45.51, for a total transaction of $732,938.55. Following the sale, the director owned 399,809 shares in the company, valued at $18,195,307.59. This represents a 3.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 63,037 shares of company stock valued at $2,682,792 over the last quarter.

Wall Street Analyst Weigh In

LIF has been the subject of several recent analyst reports. Citigroup dropped their target price on shares of Life360 from $68.50 to $68.30 and set a "buy" rating for the company in a report on Thursday, April 9th. DA Davidson downgraded shares of Life360 from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $70.00 to $40.00 in a report on Thursday, March 19th. Citizens Jmp downgraded shares of Life360 from a "market outperform" rating to a "market perform" rating in a report on Monday, January 5th. UBS Group dropped their price objective on shares of Life360 from $110.00 to $75.00 and set a "buy" rating for the company in a report on Tuesday, March 3rd. Finally, Stifel Nicolaus dropped their price objective on shares of Life360 from $92.00 to $76.00 and set a "hold" rating for the company in a report on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $69.35.

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.

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