Geode Capital Management LLC Has $7.49 Million Stock Holdings in Life360, Inc. (NASDAQ:LIF)

Geode Capital Management LLC lifted its stake in shares of Life360, Inc. (NASDAQ:LIF - Free Report) by 39.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 181,587 shares of the company's stock after purchasing an additional 51,129 shares during the quarter. Geode Capital Management LLC owned 0.24% of Life360 worth $7,494,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. State Street Corp bought a new position in Life360 during the third quarter worth $2,393,000. Barclays PLC purchased a new position in shares of Life360 during the third quarter worth about $320,000. Franklin Resources Inc. purchased a new stake in Life360 in the third quarter worth approximately $4,689,000. Lord Abbett & CO. LLC bought a new stake in Life360 during the 3rd quarter valued at $7,995,000. Finally, JPMorgan Chase & Co. raised its holdings in Life360 by 295.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,054 shares of the company's stock worth $514,000 after purchasing an additional 9,754 shares in the last quarter. 20.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on the company. UBS Group raised Life360 from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $52.00 to $55.00 in a report on Friday, January 17th. Stifel Nicolaus cut their price target on Life360 from $52.00 to $48.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Seven research 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.com, the company has a consensus rating of "Buy" and an average price target of $47.38.

Life360 Stock Performance

NASDAQ:LIF traded up $1.26 during trading hours on Wednesday, reaching $42.90. 566,062 shares of the company were exchanged, compared to its average volume of 380,454. The stock's 50-day moving average is $39.07 and its 200-day moving average is $42.67. Life360, Inc. has a twelve month low of $26.00 and a twelve month high of $52.77.

Life360 (NASDAQ:LIF - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.08). The business had revenue of $115.53 million during the quarter, compared to analyst estimates of $114.39 million. Life360 had a negative net margin of 4.72% and a negative return on equity of 4.03%. As a group, research analysts forecast that Life360, Inc. will post -0.17 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Life360 news, Director Charles J. Prober sold 50,000 shares of the stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $41.52, for a total value of $2,076,000.00. Following the completion of the transaction, the director now directly owns 102,742 shares of the company's stock, valued at approximately $4,265,847.84. This trade represents a 32.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, General Counsel Susan L. Stick sold 2,822 shares of the stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $42.08, for a total transaction of $118,749.76. Following the completion of the sale, the general counsel now directly owns 86,752 shares in the company, valued at approximately $3,650,524.16. The trade was a 3.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 173,360 shares of company stock valued at $7,201,588.

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.