Jane Street Group LLC Grows Position in Life360, Inc. (NASDAQ:LIF)

Jane Street Group LLC lifted its holdings in Life360, Inc. (NASDAQ:LIF) by 35.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 123,507 shares of the company’s stock after buying an additional 32,182 shares during the period. Jane Street Group LLC owned approximately 0.17% of Life360 worth $4,860,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LIF. Point72 DIFC Ltd acquired a new stake in Life360 in the 2nd quarter valued at about $43,000. BNP Paribas Financial Markets purchased a new stake in shares of Life360 in the third quarter valued at approximately $98,000. MetLife Investment Management LLC acquired a new stake in shares of Life360 in the third quarter valued at approximately $139,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Life360 during the second quarter worth approximately $192,000. Finally, XY Capital Ltd acquired a new position in Life360 during the second quarter worth $205,000. 20.00% of the stock is currently owned by institutional investors and hedge funds.

Life360 Price Performance

Life360 stock opened at $43.49 on Tuesday. The firm has a 50 day moving average of $44.92. Life360, Inc. has a fifty-two week low of $26.00 and a fifty-two week high of $52.76.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Loop Capital lifted their price target on Life360 from $36.00 to $43.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. JMP Securities lifted their target price on shares of Life360 from $40.00 to $55.00 and gave the stock a “market outperform” rating in a research note on Thursday, November 14th. UBS Group boosted their target price on shares of Life360 from $35.00 to $50.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Stifel Nicolaus raised their price target on shares of Life360 from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Finally, Canaccord Genuity Group upped their price objective on Life360 from $54.00 to $58.00 and gave the company a “buy” rating in a report on Monday, December 2nd. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $47.00.

Insider Transactions at Life360

In other news, CFO Russell John Burke sold 3,104 shares of the firm’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 completion of the transaction, the chief financial officer now owns 158,066 shares of the company’s stock, valued at approximately $6,950,162.02. This trade represents a 1.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Chris Hulls sold 556,569 shares of the company’s stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 952,696 shares in the company, valued at approximately $39,079,589.92. The trade was a 36.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 629,673 shares of company stock worth $25,855,843 over the last ninety days.

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.