JPMorgan Chase & Co. Boosts Stake in Life360, Inc. (NASDAQ:LIF)

JPMorgan Chase & Co. boosted its stake in shares of Life360, Inc. (NASDAQ:LIF - Free Report) by 156.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 quarter.

Several other hedge funds have also bought and sold shares of the stock. New York State Common Retirement Fund purchased a new position in shares of Life360 during the 4th quarter valued at about $25,000. KBC Group NV bought a new stake in Life360 during the 4th quarter worth approximately $147,000. Corebridge Financial Inc. raised its stake in 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 period. Teacher Retirement System of Texas purchased a new position in Life360 during the fourth quarter valued at approximately $303,000. Finally, Barclays PLC bought a new position in shares of Life360 in the third quarter worth approximately $320,000. Institutional investors own 20.00% of the company's stock.

Life360 Trading Up 0.5 %

Shares of LIF stock opened at $40.14 on Friday. The company's fifty day simple moving average is $39.38 and its two-hundred day simple moving average is $42.68. 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 EPS for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $114.39 million. On average, sell-side analysts forecast that Life360, Inc. will post -0.17 EPS for the current fiscal year.

Insider Transactions at Life360

In related news, General Counsel Susan L. Stick sold 2,822 shares of the business's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $42.08, for a total value of $118,749.76. Following the sale, the general counsel now 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Charles J. Prober sold 50,000 shares of the stock in a transaction 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 transaction, the director now owns 102,742 shares of the company's stock, valued at $4,265,847.84. This trade represents a 32.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 165,210 shares of company stock valued at $6,884,086 in the last ninety days.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on LIF shares. UBS Group upgraded shares of Life360 from a "neutral" rating to a "buy" rating and lifted their target price for the company from $52.00 to $55.00 in a research note on Friday, January 17th. Stifel Nicolaus lowered their price objective on Life360 from $52.00 to $48.00 and set a "buy" rating on the stock in a research report on Wednesday. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Life360 has an average rating of "Buy" and an average target price of $47.38.

About Life360

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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