Charles Schwab Investment Management Inc. Cuts Stake in Frontdoor, Inc. (NASDAQ:FTDR)

Charles Schwab Investment Management Inc. cut its holdings in shares of Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 5.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 962,841 shares of the company's stock after selling 51,591 shares during the period. Charles Schwab Investment Management Inc. owned about 1.27% of Frontdoor worth $52,639,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on FTDR shares. The Goldman Sachs Group dropped their price objective on shares of Frontdoor from $46.00 to $40.00 and set a "sell" rating on the stock in a research note on Monday, March 3rd. Truist Financial raised 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 equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, Frontdoor presently has a consensus rating of "Hold" and an average price target of $50.25.

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Frontdoor Price Performance

FTDR traded down $0.53 during trading on Monday, hitting $37.87. The company's stock had a trading volume of 557,256 shares, compared to its average volume of 688,599. The firm has a market capitalization of $2.83 billion, a price-to-earnings ratio of 12.54 and a beta of 1.18. Frontdoor, Inc. has a twelve month low of $29.41 and a twelve month high of $63.49. The business's fifty day simple moving average is $54.06 and its 200 day simple moving average is $53.22. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.16.

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.