19,335 Shares in Frontdoor, Inc. (NASDAQ:FTDR) Purchased by Advisors Preferred LLC

Advisors Preferred LLC bought a new position in Frontdoor, Inc. (NASDAQ:FTDR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 19,335 shares of the company's stock, valued at approximately $1,060,000.

Other large investors also recently made changes to their positions in the company. Exchange Traded Concepts LLC bought a new position in Frontdoor in the third quarter valued at $27,000. V Square Quantitative Management LLC bought a new stake in Frontdoor in the 3rd quarter valued at $31,000. USA Financial Formulas acquired a new position in shares of Frontdoor in the fourth quarter valued at about $60,000. TD Private Client Wealth LLC bought a new position in shares of Frontdoor during the third quarter worth approximately $68,000. Finally, GAMMA Investing LLC lifted its position in shares of Frontdoor by 89.6% during the 3rd quarter. GAMMA Investing LLC now owns 1,667 shares of the company's stock valued at $80,000 after acquiring an additional 788 shares during the period.

Frontdoor Trading Down 0.9 %

Shares of Frontdoor stock traded down $0.50 during trading on Wednesday, reaching $57.75. 452,676 shares of the stock were exchanged, compared to its average volume of 654,592. The firm has a market cap of $4.38 billion, a price-to-earnings ratio of 19.12 and a beta of 1.08. The stock's fifty day moving average is $57.59 and its 200 day moving average is $52.65. Frontdoor, Inc. has a 1 year low of $29.41 and a 1 year high of $63.49. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.16.

Insiders Place Their Bets

In related news, COO Evan Iverson sold 16,000 shares of Frontdoor stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $58.84, for a total transaction of $941,440.00. Following the transaction, the chief operating officer now owns 4,955 shares in the company, valued at approximately $291,552.20. The trade was a 76.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Kathryn M. Collins sold 25,784 shares of Frontdoor stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $58.06, for a total value of $1,497,019.04. Following the completion of the sale, the senior vice president now directly owns 9,429 shares in the company, valued at $547,447.74. This trade represents a 73.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.29% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. The Goldman Sachs Group lifted their price target on shares of Frontdoor from $41.00 to $46.00 and gave the company a "sell" rating in a report on Tuesday, November 5th. Truist Financial upped their price objective on shares of Frontdoor from $56.00 to $58.00 and gave the company a "buy" rating in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, Frontdoor has an average rating of "Hold" and a consensus target price of $49.50.

Frontdoor Profile

Frontdoor, Inc provides home warranties in the United States in the United States. Its customizable home warranties help customers protect and maintain their homes from costly and unplanned breakdowns of essential home systems and appliances. The company's home warranty customers subscribe to an annual service plan agreement that covers the repair or replacement of principal components of approximately 20 home systems and appliances, including electrical, plumbing, water heaters, refrigerators, dishwashers, and ranges/ovens/cooktops, as well as electronics, pools, and spas and pumps; and heating, ventilation, and air conditioning systems.