Jane Street Group LLC decreased its holdings in Life360, Inc. (NASDAQ:LIF - Free Report) by 51.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 60,413 shares of the company's stock after selling 63,094 shares during the quarter. Jane Street Group LLC owned 0.08% of Life360 worth $2,493,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in LIF. New York State Common Retirement Fund purchased a new position in Life360 in the 4th quarter valued at approximately $25,000. Summit Investment Advisors Inc. lifted its holdings in shares of Life360 by 82.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the company's stock worth $44,000 after acquiring an additional 484 shares during the last quarter. KBC Group NV bought a new stake in shares of Life360 during the 4th quarter worth $147,000. Corebridge Financial Inc. lifted its holdings in shares of Life360 by 64.0% during the 4th quarter. Corebridge Financial Inc. now owns 5,092 shares of the company's stock worth $210,000 after acquiring an additional 1,987 shares during the last quarter. Finally, MetLife Investment Management LLC lifted its stake in Life360 by 79.9% in the fourth quarter. MetLife Investment Management LLC now owns 6,373 shares of the company's stock worth $263,000 after purchasing an additional 2,830 shares during the last quarter. Institutional investors own 20.00% of the company's stock.
Life360 Stock Performance
Shares of LIF stock traded up $0.11 on Monday, reaching $60.37. 820,804 shares of the company were exchanged, compared to its average volume of 401,971. The company has a market cap of $4.62 billion and a price-to-earnings ratio of 670.78. The business has a 50-day moving average price of $40.86 and a 200 day moving average price of $43.14. Life360, Inc. has a 1 year low of $26.00 and a 1 year high of $62.64.
Life360 (NASDAQ:LIF - Get Free Report) last posted its earnings results on Monday, May 12th. The company reported $0.05 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $101.48 million. As a group, equities analysts anticipate that Life360, Inc. will post -0.17 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on LIF. UBS Group increased their price target on shares of Life360 from $55.00 to $57.00 and gave the stock a "buy" rating in a research note on Tuesday, May 13th. Loop Capital raised their price objective on shares of Life360 from $52.00 to $58.00 and gave the company a "buy" rating in a research report on Tuesday, May 13th. Finally, Stifel Nicolaus reduced their price target 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. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $49.50.
Read Our Latest Report on LIF
Insider Activity at Life360
In other news, CFO Russell John Burke sold 3,104 shares of the firm's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $43.60, for a total value of $135,334.40. Following the completion of the sale, the chief financial officer now owns 142,546 shares in the company, valued at approximately $6,215,005.60. This trade represents a 2.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John Philip Coghlan sold 3,125 shares of the firm's stock in a transaction dated 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 of the company's stock, valued at $1,424,699.90. This trade represents a 8.67% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 173,881 shares of company stock valued at $7,220,851 in the last ninety days. Insiders own 8.00% of the company's stock.
Life360 Company Profile
(
Free Report)
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.
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