Amundi Lowers Stock Holdings in Frontdoor, Inc. (NASDAQ:FTDR)

Amundi decreased its position in Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 12.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 221,981 shares of the company's stock after selling 31,915 shares during the quarter. Amundi owned approximately 0.29% of Frontdoor worth $12,582,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Edgestream Partners L.P. grew its stake in shares of Frontdoor by 462.3% in the 4th quarter. Edgestream Partners L.P. now owns 76,836 shares of the company's stock worth $4,201,000 after acquiring an additional 63,171 shares in the last quarter. Raymond James Financial Inc. bought a new position in Frontdoor during the fourth quarter valued at about $17,465,000. Proficio Capital Partners LLC bought a new position in Frontdoor during the fourth quarter valued at about $2,224,000. Atria Investments Inc grew its position in Frontdoor by 4.9% during the fourth quarter. Atria Investments Inc now owns 6,894 shares of the company's stock valued at $377,000 after buying an additional 325 shares during the period. Finally, Smartleaf Asset Management LLC grew its position in Frontdoor by 360.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,484 shares of the company's stock valued at $136,000 after buying an additional 1,945 shares during the period.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on FTDR shares. The Goldman Sachs Group reduced their price target 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. Truist Financial increased their price target on shares of Frontdoor from $58.00 to $67.00 and gave the company a "buy" rating in a research report on Friday, February 14th. One 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's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $50.25.

Remove Ads

Frontdoor Stock Performance

NASDAQ FTDR traded down $0.80 during trading on Tuesday, hitting $37.07. 614,085 shares of the company's stock traded hands, compared to its average volume of 688,313. The stock has a market capitalization of $2.77 billion, a price-to-earnings ratio of 12.27 and a beta of 1.18. Frontdoor, Inc. has a 12-month low of $29.41 and a 12-month high of $63.49. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.42 and a current ratio of 1.42. The business has a 50 day moving average of $53.72 and a 200-day moving average of $53.15.

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.