Charles Schwab Investment Management Inc. grew its position in Life360, Inc. (NASDAQ:LIF - Free Report) by 203.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 42,186 shares of the company's stock after purchasing an additional 28,279 shares during the period. Charles Schwab Investment Management Inc. owned about 0.06% of Life360 worth $1,741,000 as of its most recent filing with the SEC.
Several other large investors have also made changes to their positions in the company. Bank of New York Mellon Corp boosted its position in Life360 by 1,007.8% in the fourth quarter. Bank of New York Mellon Corp now owns 130,779 shares of the company's stock valued at $5,397,000 after buying an additional 118,974 shares in the last quarter. Ieq Capital LLC acquired a new position in shares of Life360 in the 4th quarter worth approximately $4,340,000. New York State Common Retirement Fund bought a new stake in Life360 during the 4th quarter worth approximately $25,000. State of New Jersey Common Pension Fund D bought a new stake in Life360 during the 4th quarter worth approximately $2,083,000. Finally, WealthPlan Investment Management LLC increased its holdings in Life360 by 2.5% during the 4th quarter. WealthPlan Investment Management LLC now owns 9,992 shares of the company's stock valued at $412,000 after purchasing an additional 247 shares in the last quarter. Institutional investors own 20.00% of the company's stock.
Analyst Upgrades and Downgrades
Separately, UBS Group raised 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 research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $47.63.
View Our Latest Report on LIF
Life360 Trading Up 2.9 %
Shares of LIF stock traded up $1.10 on Wednesday, reaching $39.48. 291,439 shares of the stock were exchanged, compared to its average volume of 367,144. Life360, Inc. has a one year low of $26.00 and a one year high of $52.77. The stock has a 50 day moving average price of $43.19 and a 200 day moving average price of $43.06.
Life360 (NASDAQ:LIF - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.08). Life360 had a negative return on equity of 4.03% and a negative net margin of 4.72%. The firm had revenue of $115.53 million for the quarter, compared to the consensus estimate of $114.39 million. As a group, equities research analysts expect that Life360, Inc. will post -0.17 EPS for the current year.
Insider Buying and Selling
In other news, Director Charles J. Prober sold 50,000 shares of the business's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $41.52, for a total transaction of $2,076,000.00. Following the completion of the transaction, the director now directly owns 102,742 shares in the company, valued at approximately $4,265,847.84. The trade was a 32.73 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Susan L. Stick sold 2,822 shares of the company's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $42.08, for a total value of $118,749.76. Following the completion of the sale, the general counsel now directly owns 86,752 shares of the company's stock, valued at approximately $3,650,524.16. This trade represents a 3.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 164,689 shares of company stock valued at $6,920,032 over the last ninety days.
About Life360
(
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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