Barclays PLC Reduces Stake in Frontdoor, Inc. (NASDAQ:FTDR)

Barclays PLC decreased its stake in Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 48.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 157,659 shares of the company's stock after selling 147,524 shares during the quarter. Barclays PLC owned approximately 0.21% of Frontdoor worth $8,618,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Bessemer Group Inc. increased its holdings in Frontdoor by 514.7% in the 4th quarter. Bessemer Group Inc. now owns 627 shares of the company's stock worth $34,000 after acquiring an additional 525 shares in the last quarter. USA Financial Formulas purchased a new stake in shares of Frontdoor in the fourth quarter worth $60,000. TD Private Client Wealth LLC raised its position in shares of Frontdoor by 12.9% during the 4th quarter. TD Private Client Wealth LLC now owns 1,597 shares of the company's stock valued at $87,000 after purchasing an additional 183 shares during the period. Blue Trust Inc. lifted its stake in shares of Frontdoor by 315.3% during the 4th quarter. Blue Trust Inc. now owns 1,632 shares of the company's stock valued at $89,000 after buying an additional 1,239 shares in the last quarter. Finally, Nkcfo LLC purchased a new position in shares of Frontdoor during the 4th quarter valued at $96,000.

Frontdoor Price Performance

FTDR stock traded up $0.58 during mid-day trading on Friday, hitting $41.06. The company had a trading volume of 443,022 shares, compared to its average volume of 734,734. The company has a 50-day moving average price of $41.56 and a 200 day moving average price of $51.14. Frontdoor, Inc. has a 12-month low of $30.57 and a 12-month high of $63.49. The company has a market capitalization of $3.06 billion, a price-to-earnings ratio of 13.60 and a beta of 1.19. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.16.

Analysts Set New Price Targets

A number of research firms have commented on FTDR. Truist Financial raised their price target on Frontdoor from $58.00 to $67.00 and gave the company a "buy" rating in a report on Friday, February 14th. JPMorgan Chase & Co. cut Frontdoor from an "overweight" rating to a "neutral" rating and cut their target price for the stock from $58.00 to $40.00 in a research report on Tuesday, April 22nd. Finally, The Goldman Sachs Group lowered their price target on Frontdoor from $46.00 to $40.00 and set a "sell" rating on the stock in a report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $46.50.

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.