Bank of America Corp DE Has $380,000 Holdings in Life360, Inc. (NASDAQ:LIF)

Bank of America Corp DE boosted its stake in shares of Life360, Inc. (NASDAQ:LIF) by 190.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 9,203 shares of the company’s stock after buying an additional 6,035 shares during the quarter. Bank of America Corp DE’s holdings in Life360 were worth $380,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. New York State Common Retirement Fund acquired a new position in Life360 during the 4th quarter valued at $25,000. Summit Investment Advisors Inc. raised its stake in Life360 by 82.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the company’s stock valued at $44,000 after purchasing an additional 484 shares during the last quarter. 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 valued at $210,000 after purchasing an additional 1,987 shares during the last quarter. MetLife Investment Management LLC raised its stake in Life360 by 79.9% during the 4th quarter. MetLife Investment Management LLC now owns 6,373 shares of the company’s stock valued at $263,000 after purchasing an additional 2,830 shares during the last quarter. Finally, Teacher Retirement System of Texas acquired a new position in Life360 during the 4th quarter valued at $303,000. 20.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Life360

In other Life360 news, General Counsel Susan L. Stick sold 500 shares of the stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $62.23, for a total transaction of $31,115.00. Following the sale, the general counsel now owns 110,809 shares of the company’s stock, valued at $6,895,644.07. This represents a 0.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Russell John Burke sold 3,030 shares of the stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $64.13, for a total transaction of $194,313.90. Following the sale, the chief financial officer now directly owns 195,730 shares in the company, valued at approximately $12,552,164.90. This represents a 1.52% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 46,459 shares of company stock valued at $2,132,706. 8.00% of the stock is owned by insiders.

Life360 Stock Performance

LIF opened at $63.21 on Friday. The firm’s 50-day simple moving average is $49.85 and its 200-day simple moving average is $45.56. Life360, Inc. has a twelve month low of $27.82 and a twelve month high of $65.79. The firm has a market cap of $4.84 billion and a price-to-earnings ratio of 702.33.

Life360 (NASDAQ:LIF) last posted its earnings results on Monday, May 12th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.09. Life360 had a negative net margin of 4.72% and a negative return on equity of 4.03%. The business had revenue of $103.62 million for the quarter, compared to analyst estimates of $101.48 million. As a group, sell-side analysts anticipate that Life360, Inc. will post -0.17 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Canaccord Genuity Group increased their price objective on shares of Life360 from $58.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, May 20th. UBS Group increased their price objective on shares of Life360 from $55.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, May 13th. Loop Capital increased their price objective on shares of Life360 from $52.00 to $58.00 and gave the company a “buy” rating in a research note on Tuesday, May 13th. Finally, Stifel Nicolaus dropped their price objective on shares of Life360 from $52.00 to $48.00 and set a “buy” rating for the company in a research note on Wednesday, April 23rd. Seven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Life360 currently has a consensus rating of “Buy” and a consensus price target of $51.00.

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.