130,458 Shares in Life360, Inc. (NASDAQ:LIF) Acquired by Geode Capital Management LLC

Geode Capital Management LLC purchased a new position in Life360, Inc. (NASDAQ:LIF) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 130,458 shares of the company’s stock, valued at approximately $5,134,000.

Other hedge funds also recently made changes to their positions in the company. Emerald Mutual Fund Advisers Trust raised its holdings in Life360 by 0.4% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 170,182 shares of the company’s stock valued at $6,697,000 after acquiring an additional 736 shares in the last quarter. WealthPlan Investment Management LLC increased its position 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 worth $383,000 after purchasing an additional 738 shares during the last quarter. Point72 DIFC Ltd acquired a new stake in shares of Life360 in the 2nd quarter valued at about $43,000. BNP Paribas Financial Markets bought a new position in shares of Life360 during the third quarter worth about $98,000. Finally, MetLife Investment Management LLC acquired a new position in Life360 in the third quarter worth about $139,000. Hedge funds and other institutional investors own 20.00% of the company’s stock.

Insider Activity

In other Life360 news, CEO Chris Hulls sold 556,569 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now owns 952,696 shares of the company’s stock, valued at approximately $39,079,589.92. This trade represents a 36.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Russell John Burke sold 3,104 shares of the business’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $43.97, for a total transaction of $136,482.88. Following the sale, the chief financial officer now owns 158,066 shares in the company, valued at $6,950,162.02. This trade represents a 1.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 632,777 shares of company stock valued at $25,984,380.

Life360 Price Performance

Life360 stock opened at $42.54 on Friday. The firm has a 50-day moving average price of $44.50 and a two-hundred day moving average price of $39.22. Life360, Inc. has a 52-week low of $26.00 and a 52-week high of $52.76.

Analyst Ratings Changes

Several research firms recently issued reports on LIF. Canaccord Genuity Group upped their price target on Life360 from $54.00 to $58.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Stifel Nicolaus increased their target price on shares of Life360 from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, October 28th. UBS Group raised their price target on shares of Life360 from $35.00 to $50.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Finally, JMP Securities boosted their price objective on shares of Life360 from $40.00 to $55.00 and gave the company a “market outperform” rating in a research report on Thursday, November 14th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Life360 has an average rating of “Buy” and an average price target of $47.00.

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.