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

JPMorgan Chase & Co. boosted its position in Life360, Inc. (NASDAQ:LIF) by 295.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,054 shares of the company’s stock after buying an additional 9,754 shares during the quarter. JPMorgan Chase & Co.’s holdings in Life360 were worth $514,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of LIF. Emerald Mutual Fund Advisers Trust raised its stake in shares of Life360 by 0.4% during the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 170,182 shares of the company’s stock valued at $6,697,000 after purchasing an additional 736 shares during the period. WealthPlan Investment Management LLC grew its holdings in Life360 by 8.2% during the 3rd quarter. WealthPlan Investment Management LLC now owns 9,745 shares of the company’s stock valued at $383,000 after buying an additional 738 shares in the last quarter. Point72 DIFC Ltd bought a new stake in shares of Life360 during the second quarter valued at about $43,000. BNP Paribas Financial Markets purchased a new stake in shares of Life360 in the third quarter worth about $98,000. Finally, MetLife Investment Management LLC bought a new position in shares of Life360 in the third quarter valued at approximately $139,000. 20.00% of the stock is owned by hedge funds and other institutional investors.

Life360 Stock Up 0.4 %

LIF stock opened at $46.41 on Wednesday. The firm’s fifty day moving average is $44.18 and its 200 day moving average is $40.56. Life360, Inc. has a 52 week low of $26.00 and a 52 week high of $52.76.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Stifel Nicolaus raised their price target on Life360 from $40.00 to $50.00 and gave the company a “buy” rating in a report on Monday, October 28th. JMP Securities raised their target price 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. UBS Group raised shares of Life360 from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $52.00 to $55.00 in a research note on Friday, January 17th. Finally, Canaccord Genuity Group raised their price objective on shares of Life360 from $54.00 to $58.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $47.63.

Insider Buying and Selling at Life360

In related news, CEO Chris Hulls sold 556,569 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was 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 in the company, valued at $39,079,589.92. The trade was a 36.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Russell John Burke sold 3,104 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $43.97, for a total value of $136,482.88. Following the transaction, the chief financial officer now directly owns 158,066 shares of the company’s stock, valued at $6,950,162.02. The trade was a 1.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 638,985 shares of company stock worth $26,262,250 over the last three months.

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.