Life360, Inc. $LIF Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC reduced its holdings in shares of Life360, Inc. (NASDAQ:LIF) by 59.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 13,604 shares of the company’s stock after selling 19,825 shares during the period. Hsbc Holdings PLC’s holdings in Life360 were worth $875,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of LIF. NewEdge Advisors LLC purchased a new stake in shares of Life360 in the third quarter valued at about $32,000. Strive Financial Group LLC acquired a new stake in shares of Life360 during the fourth quarter worth about $26,000. IFP Advisors Inc purchased a new position in shares of Life360 during the third quarter worth about $47,000. MCF Advisors LLC purchased a new position in shares of Life360 during the fourth quarter worth about $32,000. Finally, Advisory Services Network LLC acquired a new position in Life360 in the 3rd quarter valued at about $80,000. 20.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have commented on the company. UBS Group reduced their price objective on Life360 from $75.00 to $64.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. DA Davidson lifted their target price on Life360 from $40.00 to $42.00 and gave the company a “neutral” rating in a research note on Monday, June 22nd. Wall Street Zen lowered Life360 from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Weiss Ratings cut Life360 from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, May 12th. Finally, Bank of America initiated coverage on Life360 in a report on Wednesday, April 22nd. They set a “buy” rating and a $60.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $63.98.

Life360 Price Performance

Shares of NASDAQ:LIF opened at $53.00 on Wednesday. The company has a quick ratio of 5.23, a current ratio of 5.37 and a debt-to-equity ratio of 0.52. The company has a market cap of $4.29 billion, a P/E ratio of 30.64 and a beta of 2.34. Life360, Inc. has a 52 week low of $37.01 and a 52 week high of $112.54. The company has a 50-day moving average price of $47.10 and a 200 day moving average price of $49.32.

Insider Activity at Life360

In other news, Director Brit Morin sold 4,655 shares of the firm’s stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $55.00, for a total value of $256,025.00. Following the completion of the sale, the director directly owned 25,975 shares of the company’s stock, valued at $1,428,625. This trade represents a 15.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Charles J. Prober sold 7,930 shares of Life360 stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $46.07, for a total value of $365,335.10. Following the completion of the sale, the director owned 109,911 shares in the company, valued at approximately $5,063,599.77. This trade represents a 6.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 75,827 shares of company stock worth $3,469,849 in the last three months. 6.80% of the stock is currently owned by corporate insiders.

About Life360

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.