Life360, Inc. (NASDAQ:LIF) Shares Bought by Fmr LLC

FMR LLC lifted its position in Life360, Inc. (NASDAQ:LIF - Free Report) by 6.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,520,135 shares of the company's stock after acquiring an additional 86,917 shares during the quarter. FMR LLC owned 2.05% of Life360 worth $59,817,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Point72 DIFC Ltd bought a new stake in Life360 during the 2nd quarter valued at about $43,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Life360 during the 2nd quarter valued at about $192,000. SG Americas Securities LLC purchased a new position in Life360 during the 3rd quarter valued at about $246,000. XY Capital Ltd bought a new stake in shares of Life360 in the 2nd quarter valued at about $205,000. Finally, WealthPlan Investment Management LLC raised its holdings in shares of Life360 by 8.2% in the 3rd quarter. WealthPlan Investment Management LLC now owns 9,745 shares of the company's stock valued at $383,000 after purchasing an additional 738 shares in the last quarter.

Wall Street Analyst Weigh In

LIF has been the topic of a number of recent research reports. Stifel Nicolaus increased their price objective on shares of Life360 from $40.00 to $50.00 and gave the company a "buy" rating in a research note on Monday, October 28th. UBS Group increased their price objective on shares of Life360 from $35.00 to $50.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. Loop Capital increased their price objective on shares of Life360 from $36.00 to $43.00 and gave the company a "buy" rating in a research note on Wednesday, August 21st. JMP Securities increased their price objective on shares of Life360 from $40.00 to $55.00 and gave the company a "market outperform" rating in a research note on Thursday, November 14th. Finally, Jefferies Financial Group initiated coverage on shares of Life360 in a research note on Friday, August 9th. They set a "buy" rating and a $43.00 price objective on the stock. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $47.00.

Insider Activity at Life360

In other news, CEO Chris Hulls sold 556,569 shares of Life360 stock in a transaction on Friday, November 15th. The shares were sold at an average price of $41.02, for a total transaction of $22,830,460.38. Following the completion of the sale, the chief executive officer now directly owns 952,696 shares in the company, valued at approximately $39,079,589.92. The trade was a 36.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Mark Goines sold 10,000 shares of Life360 stock in a transaction on Monday, November 25th. The stock was sold at an average price of $43.89, for a total transaction of $438,900.00. Following the sale, the director now owns 66,272 shares of the company's stock, valued at $2,908,678.08. The trade was a 13.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 700,186 shares of company stock valued at $28,262,534 over the last 90 days.

Life360 Stock Down 6.2 %

NASDAQ:LIF traded down $3.19 during midday trading on Friday, reaching $48.01. 1,248,167 shares of the stock traded hands, compared to its average volume of 611,094. Life360, Inc. has a 12-month low of $26.00 and a 12-month high of $52.76. The firm has a 50-day moving average price of $44.51.

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.