Advisory Services Network LLC Invests $740,000 in Frontdoor, Inc. (NASDAQ:FTDR)

Advisory Services Network LLC bought a new stake in Frontdoor, Inc. (NASDAQ:FTDR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 13,535 shares of the company's stock, valued at approximately $740,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. USA Financial Formulas acquired a new stake in shares of Frontdoor in the fourth quarter valued at approximately $60,000. TD Private Client Wealth LLC acquired a new stake in shares of Frontdoor in the 3rd quarter valued at $68,000. Blue Trust Inc. raised its position in shares of Frontdoor by 315.3% during the fourth quarter. Blue Trust Inc. now owns 1,632 shares of the company's stock worth $89,000 after acquiring an additional 1,239 shares during the last quarter. Nkcfo LLC acquired a new position in shares of Frontdoor during the fourth quarter valued at $96,000. Finally, GAMMA Investing LLC boosted its holdings in Frontdoor by 26.0% in the fourth quarter. GAMMA Investing LLC now owns 2,100 shares of the company's stock valued at $115,000 after acquiring an additional 433 shares during the last quarter.

Frontdoor Trading Up 1.5 %

NASDAQ:FTDR traded up $0.59 on Friday, reaching $39.65. The company's stock had a trading volume of 1,018,662 shares, compared to its average volume of 732,796. Frontdoor, Inc. has a 1-year low of $30.31 and a 1-year high of $63.49. The business's 50-day moving average price is $43.42 and its two-hundred day moving average price is $51.43. The firm has a market cap of $2.96 billion, a PE ratio of 13.13 and a beta of 1.19. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.42 and a current ratio of 1.42.

Analysts Set New Price Targets

FTDR has been the topic of several recent research reports. Truist Financial raised their target price on shares of Frontdoor from $58.00 to $67.00 and gave the company a "buy" rating in a research note on Friday, February 14th. The Goldman Sachs Group dropped their target price on shares of Frontdoor from $46.00 to $40.00 and set a "sell" rating for the company in a research report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $50.25.

About Frontdoor

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.