Livforsakringsbolaget Skandia Omsesidigt Buys New Position in Frontdoor, Inc. (NASDAQ:FTDR)

Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Frontdoor, Inc. (NASDAQ:FTDR - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 41,700 shares of the company's stock, valued at approximately $2,280,000. Livforsakringsbolaget Skandia Omsesidigt owned 0.05% of Frontdoor at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Harbor Capital Advisors Inc. increased its stake in Frontdoor by 84.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 184,408 shares of the company's stock worth $8,850,000 after buying an additional 84,167 shares in the last quarter. Meeder Asset Management Inc. boosted its stake in shares of Frontdoor by 362.8% in the third quarter. Meeder Asset Management Inc. now owns 24,590 shares of the company's stock worth $1,180,000 after acquiring an additional 19,277 shares during the last quarter. Verition Fund Management LLC increased its position in shares of Frontdoor by 255.5% during the third quarter. Verition Fund Management LLC now owns 21,757 shares of the company's stock worth $1,044,000 after purchasing an additional 15,637 shares in the last quarter. Atria Investments Inc acquired a new position in Frontdoor in the 3rd quarter valued at $315,000. Finally, Geode Capital Management LLC lifted its holdings in Frontdoor by 3.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,113,474 shares of the company's stock valued at $101,442,000 after purchasing an additional 74,542 shares in the last quarter.

Insider Activity at Frontdoor

In other Frontdoor news, SVP Kathryn M. Collins sold 25,784 shares of Frontdoor stock in a transaction on 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 sale, the senior vice president now owns 9,429 shares in the company, valued at $547,447.74. The trade was a 73.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Evan Iverson sold 16,000 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $58.84, for a total value of $941,440.00. Following the transaction, the chief operating officer now owns 4,955 shares of the company's stock, valued at approximately $291,552.20. This represents a 76.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by insiders.

Frontdoor Trading Up 0.7 %

Shares of FTDR traded up $0.40 during midday trading on Tuesday, reaching $58.25. The company had a trading volume of 350,752 shares, compared to its average volume of 662,072. 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. The firm has a 50 day simple moving average of $57.62 and a 200-day simple moving average of $52.61. The stock has a market cap of $4.42 billion, a PE ratio of 19.29 and a beta of 1.08.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on FTDR shares. The Goldman Sachs Group upped their target price on shares of Frontdoor from $41.00 to $46.00 and gave the stock 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 equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, Frontdoor presently has a consensus rating of "Hold" and an average price target of $49.50.

Frontdoor Company 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.