B. Metzler seel. Sohn & Co. AG Makes New $1.27 Million Investment in Frontdoor, Inc. (NASDAQ:FTDR)

B. Metzler seel. Sohn & Co. AG acquired a new position in shares of Frontdoor, Inc. (NASDAQ:FTDR - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 23,150 shares of the company's stock, valued at approximately $1,266,000.

Other large investors also recently added to or reduced their stakes in the company. USA Financial Formulas purchased a new stake in shares of Frontdoor during the 4th quarter valued at approximately $60,000. TD Private Client Wealth LLC acquired a new stake in Frontdoor during the third quarter worth $68,000. Blue Trust Inc. raised its position in Frontdoor by 315.3% in the fourth quarter. Blue Trust Inc. now owns 1,632 shares of the company's stock valued at $89,000 after purchasing an additional 1,239 shares during the period. Nkcfo LLC acquired a new position in shares of Frontdoor in the 4th quarter valued at $96,000. Finally, GAMMA Investing LLC grew its holdings in shares of Frontdoor by 26.0% during the 4th quarter. GAMMA Investing LLC now owns 2,100 shares of the company's stock worth $115,000 after purchasing an additional 433 shares during the period.

Frontdoor Trading Up 1.1 %

Frontdoor stock traded up $0.43 during midday trading on Tuesday, reaching $38.66. 393,526 shares of the stock traded hands, compared to its average volume of 718,006. The firm has a market cap of $2.89 billion, a PE ratio of 12.82 and a beta of 1.19. 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 company has a 50-day simple moving average of $47.95 and a two-hundred day simple moving average of $52.12. Frontdoor, Inc. has a 12-month low of $29.41 and a 12-month high of $63.49.

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Wall Street Analysts Forecast Growth

Several brokerages have weighed in on FTDR. Truist Financial increased their target price on shares of Frontdoor from $58.00 to $67.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. The Goldman Sachs Group lowered their price objective 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 equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, Frontdoor has an average rating of "Hold" and an average price target 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.