Alliancebernstein L.P. Has $9.47 Million Stock Holdings in Frontdoor, Inc. (NASDAQ:FTDR)

Alliancebernstein L.P. raised its holdings in Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 98.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 173,281 shares of the company's stock after acquiring an additional 85,960 shares during the quarter. Alliancebernstein L.P. owned about 0.23% of Frontdoor worth $9,473,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in FTDR. Raymond James Financial Inc. acquired a new position in Frontdoor during the fourth quarter valued at approximately $17,465,000. Norges Bank acquired a new position in shares of Frontdoor in the 4th quarter valued at $14,358,000. Skandinaviska Enskilda Banken AB publ increased its position in shares of Frontdoor by 99.9% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 274,800 shares of the company's stock valued at $15,045,000 after buying an additional 137,300 shares in the last quarter. Castellan Group acquired a new stake in Frontdoor during the 3rd quarter worth $5,881,000. Finally, JPMorgan Chase & Co. lifted its holdings in Frontdoor by 44.5% during the fourth quarter. JPMorgan Chase & Co. now owns 306,947 shares of the company's stock worth $16,781,000 after acquiring an additional 94,482 shares in the last quarter.

Frontdoor Stock Down 1.6 %

Shares of NASDAQ FTDR traded down $0.65 during midday trading on Tuesday, reaching $39.67. The company's stock had a trading volume of 250,386 shares, compared to its average volume of 728,257. The stock has a 50 day simple moving average of $44.94 and a 200-day simple moving average of $51.64. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.16. The stock has a market capitalization of $2.96 billion, a price-to-earnings ratio of 13.14 and a beta of 1.19. Frontdoor, Inc. has a fifty-two week low of $29.41 and a fifty-two week high of $63.49.

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Analysts Set New Price Targets

FTDR has been the subject of several recent analyst reports. Truist Financial increased their price target on Frontdoor from $58.00 to $67.00 and gave the stock a "buy" rating in a report on Friday, February 14th. The Goldman Sachs Group lowered their target price on Frontdoor from $46.00 to $40.00 and set a "sell" rating for the company in a report on Monday, March 3rd. One 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.com, Frontdoor currently has a consensus rating of "Hold" and an average price target of $50.25.

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.