KBC Group NV Has $144,000 Stake in Life360, Inc. $LIF

KBC Group NV reduced its position in shares of Life360, Inc. (NASDAQ:LIF) by 38.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,211 shares of the company’s stock after selling 1,359 shares during the quarter. KBC Group NV’s holdings in Life360 were worth $144,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Keystone Financial Group Inc. bought a new stake in shares of Life360 in the 2nd quarter valued at about $62,000. Caitong International Asset Management Co. Ltd increased its position in Life360 by 937.4% during the first quarter. Caitong International Asset Management Co. Ltd now owns 2,189 shares of the company’s stock worth $84,000 after buying an additional 1,978 shares during the last quarter. New York State Common Retirement Fund raised its stake in Life360 by 433.3% in the first quarter. New York State Common Retirement Fund now owns 3,200 shares of the company’s stock valued at $123,000 after buying an additional 2,600 shares during the period. Strs Ohio acquired a new stake in shares of Life360 in the first quarter valued at approximately $157,000. Finally, FNY Investment Advisers LLC bought a new position in shares of Life360 during the 2nd quarter worth approximately $228,000. Institutional investors own 20.00% of the company’s stock.

Insider Buying and Selling

In other news, CFO Russell John Burke sold 16,287 shares of the company’s stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $90.42, for a total transaction of $1,472,670.54. Following the completion of the sale, the chief financial officer directly owned 63,030 shares in the company, valued at approximately $5,699,172.60. This represents a 20.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John Philip Coghlan sold 3,125 shares of the stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $98.93, for a total value of $309,156.25. Following the sale, the director directly owned 15,235 shares in the company, valued at approximately $1,507,198.55. This trade represents a 17.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 77,729 shares of company stock valued at $7,188,757. 8.00% of the stock is currently owned by corporate insiders.

Life360 Trading Up 1.2%

LIF stock opened at $69.33 on Friday. Life360, Inc. has a 52 week low of $29.62 and a 52 week high of $112.54. The company has a market capitalization of $5.44 billion, a PE ratio of 203.91 and a beta of 3.41. The company’s 50-day simple moving average is $94.95 and its 200 day simple moving average is $79.20. The company has a debt-to-equity ratio of 0.79, a quick ratio of 6.62 and a current ratio of 6.80.

Life360 (NASDAQ:LIF) last posted its quarterly earnings data on Monday, November 10th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.08. Life360 had a net margin of 6.46% and a return on equity of 7.95%. The firm had revenue of $124.50 million during the quarter, compared to the consensus estimate of $119.26 million. Life360 has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Life360, Inc. will post -0.17 earnings per share for the current year.

Analyst Upgrades and Downgrades

LIF has been the topic of a number of research analyst reports. Evercore ISI increased their price target on Life360 from $55.00 to $95.00 and gave the company an “outperform” rating in a research note on Tuesday, August 12th. Wall Street Zen lowered shares of Life360 from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Stifel Nicolaus downgraded shares of Life360 from a “buy” rating to a “hold” rating and set a $92.00 target price for the company. in a report on Friday, October 24th. Citigroup reiterated a “market outperform” rating on shares of Life360 in a research note on Tuesday, November 11th. Finally, UBS Group cut their price objective on shares of Life360 from $120.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, November 11th. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $90.00.

Life360 Company 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.