Legal & General Group Plc Has $2.53 Million Stake in Life360, Inc. (NASDAQ:LIF)

Legal & General Group Plc raised its holdings in Life360, Inc. (NASDAQ:LIF - Free Report) by 10,403.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 61,234 shares of the company's stock after purchasing an additional 60,651 shares during the quarter. Legal & General Group Plc owned approximately 0.08% of Life360 worth $2,527,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. State Street Corp bought a new position in Life360 in the 3rd quarter valued at $2,393,000. Cherrydale Wealth Management LLC bought a new stake in shares of Life360 during the fourth quarter worth $340,000. JPMorgan Chase & Co. raised its position in shares of Life360 by 295.6% during the third quarter. JPMorgan Chase & Co. now owns 13,054 shares of the company's stock worth $514,000 after acquiring an additional 9,754 shares during the last quarter. Swiss National Bank bought a new stake in shares of Life360 during the fourth quarter worth $5,717,000. Finally, Hodges Capital Management Inc. raised its position in shares of Life360 by 18.3% during the fourth quarter. Hodges Capital Management Inc. now owns 116,493 shares of the company's stock worth $4,808,000 after acquiring an additional 18,000 shares during the last quarter. Institutional investors own 20.00% of the company's stock.

Life360 Trading Up 1.9 %

NASDAQ LIF traded up $0.75 on Tuesday, reaching $40.93. The company had a trading volume of 40,861 shares, compared to its average volume of 378,307. The stock's 50 day moving average is $39.23 and its 200-day moving average is $42.67. Life360, Inc. has a 52 week low of $26.00 and a 52 week high of $52.77.

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

Insiders Place Their Bets

In other news, Director James Synge sold 25,000 shares of Life360 stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $43.43, for a total value of $1,085,750.00. Following the sale, the director now directly owns 241,944 shares in the company, valued at $10,507,627.92. This trade represents a 9.37 % 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 Charles J. Prober sold 50,000 shares of Life360 stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $41.52, for a total transaction of $2,076,000.00. Following the completion of the sale, the director now owns 102,742 shares in the company, valued at $4,265,847.84. This trade represents a 32.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 173,360 shares of company stock worth $7,201,588 over the last ninety days.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on LIF. Stifel Nicolaus dropped their target price on 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 target price for the stock from $52.00 to $55.00 in a research report on Friday, January 17th. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $47.38.

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.