Life360, Inc. (NASDAQ:LIF) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its holdings in shares of Life360, Inc. (NASDAQ:LIF - Free Report) by 156.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,421 shares of the company's stock after purchasing an additional 20,367 shares during the period. JPMorgan Chase & Co.'s holdings in Life360 were worth $1,379,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. Lord Abbett & CO. LLC acquired a new stake in shares of Life360 in the third quarter worth approximately $7,995,000. Swiss National Bank acquired a new stake in shares of Life360 during the 4th quarter worth $5,717,000. Bank of New York Mellon Corp raised its position in shares of Life360 by 1,007.8% in the 4th quarter. Bank of New York Mellon Corp now owns 130,779 shares of the company's stock worth $5,397,000 after buying an additional 118,974 shares during the period. Geode Capital Management LLC acquired a new stake in Life360 during the third quarter worth about $5,134,000. Finally, Hodges Capital Management Inc. lifted its stake in shares of Life360 by 18.3% in the 4th quarter. Hodges Capital Management Inc. now owns 116,493 shares of the company's stock valued at $4,808,000 after purchasing an additional 18,000 shares in the last quarter. Hedge funds and other institutional investors own 20.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on LIF shares. Stifel Nicolaus dropped their price objective on shares of Life360 from $52.00 to $48.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. UBS Group upgraded Life360 from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $52.00 to $55.00 in a research note on Friday, January 17th. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $47.38.

Life360 Price Performance

LIF stock traded up $0.64 during midday trading on Thursday, hitting $43.54. 65,305 shares of the company's stock were exchanged, compared to its average volume of 379,104. The firm has a 50 day moving average price of $39.07 and a 200-day moving average price of $42.67. Life360, Inc. has a 12-month low of $26.00 and a 12-month high of $52.77.

Life360 (NASDAQ:LIF - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.08). The company 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%. Analysts predict that Life360, Inc. will post -0.17 earnings per share for the current fiscal year.

Insider Transactions at Life360

In other Life360 news, COO Lauren Antonoff sold 14,091 shares of the firm's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $42.17, for a total value of $594,217.47. Following the transaction, the chief operating officer now owns 293,769 shares of the company's stock, valued at $12,388,238.73. This trade represents a 4.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Russell John Burke sold 3,104 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $44.94, for a total value of $139,493.76. Following the sale, the chief financial officer now owns 145,650 shares in the company, valued at $6,545,511. The trade was a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 173,360 shares of company stock valued at $7,201,588.

Life360 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.