Vanguard Group Inc. Has $879.31 Million Holdings in Life360, Inc. $LIF

Vanguard Group Inc. grew its position in Life360, Inc. (NASDAQ:LIF) by 18.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,271,920 shares of the company’s stock after purchasing an additional 1,260,236 shares during the quarter. Vanguard Group Inc. owned approximately 10.67% of Life360 worth $879,305,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. SBI Securities Co. Ltd. boosted its position in Life360 by 824.1% during the third quarter. SBI Securities Co. Ltd. now owns 268 shares of the company’s stock valued at $28,000 after acquiring an additional 239 shares during the last quarter. CWM LLC lifted its stake in shares of Life360 by 71.4% in the 3rd quarter. CWM LLC now owns 384 shares of the company’s stock valued at $41,000 after purchasing an additional 160 shares during the period. Jones Financial Companies Lllp boosted its position in shares of Life360 by 1,663.3% during the 3rd quarter. Jones Financial Companies Lllp now owns 529 shares of the company’s stock valued at $55,000 after purchasing an additional 499 shares in the last quarter. State of Wyoming bought a new stake in shares of Life360 during the 2nd quarter valued at about $96,000. Finally, Ameritas Investment Partners Inc. grew its stake in Life360 by 53.2% during the second quarter. Ameritas Investment Partners Inc. now owns 1,642 shares of the company’s stock worth $107,000 after purchasing an additional 570 shares during the period. Institutional investors and hedge funds own 20.00% of the company’s stock.

Insider Activity

In other news, CEO Lauren Antonoff sold 19,442 shares of the business’s stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $76.24, for a total transaction of $1,482,258.08. Following the completion of the sale, the chief executive officer directly owned 305,385 shares of the company’s stock, valued at $23,282,552.40. The trade was a 5.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mark Goines sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $74.19, for a total transaction of $1,112,850.00. Following the completion of the transaction, the director directly owned 56,809 shares in the company, valued at approximately $4,214,659.71. The trade was a 20.89% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 592,875 shares of company stock valued at $45,486,817.

Analyst Ratings Changes

LIF has been the topic of a number of research analyst reports. Zacks Research cut Life360 from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 5th. Stifel Nicolaus dropped their target price on shares of Life360 from $92.00 to $76.00 and set a “hold” rating on the stock in a research report on Tuesday, January 27th. Weiss Ratings reissued a “hold (c-)” rating on shares of Life360 in a research note on Monday, December 29th. DA Davidson began coverage on shares of Life360 in a research note on Thursday, December 11th. They issued a “buy” rating and a $94.00 price target for the company. Finally, Wall Street Zen lowered shares of Life360 from a “buy” rating to a “hold” rating in a report on Sunday, February 8th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.31.

Life360 Stock Performance

NASDAQ LIF opened at $50.61 on Monday. The company has a market cap of $3.97 billion, a P/E ratio of 148.85 and a beta of 3.80. The company has a fifty day simple moving average of $59.74 and a 200 day simple moving average of $79.05. The company has a current ratio of 6.80, a quick ratio of 6.62 and a debt-to-equity ratio of 0.79. Life360, Inc. has a 12-month low of $29.62 and a 12-month high of $112.54.

Life360 Company Profile

Life360, Inc (NASDAQ: LIF) operates a location-based safety and communication platform designed to help families stay connected and secure. Through its flagship mobile application, Life360 offers real-time location sharing, check-in alerts and geofencing tools that enable users to monitor the whereabouts of family members or other trusted circles. The company’s services extend to emergency response features, including SOS alerts, 24/7 roadside assistance and crash detection capabilities powered by machine-learning algorithms, all aimed at enhancing user safety on the road and at home.

The Life360 platform is offered under a freemium model, with a basic no-cost tier providing essential location sharing and alerts.