Cibc World Markets Corp Buys New Stake in Frontdoor, Inc. (NASDAQ:FTDR)

Cibc World Markets Corp acquired a new position in Frontdoor, Inc. (NASDAQ:FTDR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 7,208 shares of the company's stock, valued at approximately $394,000.

Several other large investors have also recently modified their holdings of FTDR. Natixis Advisors LLC grew its holdings in Frontdoor by 13.3% in the third quarter. Natixis Advisors LLC now owns 17,213 shares of the company's stock worth $826,000 after purchasing an additional 2,023 shares during the last quarter. First Horizon Advisors Inc. boosted its position in shares of Frontdoor by 1,052.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 3,203 shares of the company's stock worth $154,000 after purchasing an additional 2,925 shares in the last quarter. Intech Investment Management LLC grew its stake in Frontdoor by 157.6% during the 3rd quarter. Intech Investment Management LLC now owns 21,697 shares of the company's stock worth $1,041,000 after buying an additional 13,275 shares during the last quarter. Citigroup Inc. increased its position in Frontdoor by 3.3% during the 3rd quarter. Citigroup Inc. now owns 136,826 shares of the company's stock valued at $6,566,000 after buying an additional 4,369 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd increased its position in Frontdoor by 36.1% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 54,244 shares of the company's stock valued at $2,603,000 after buying an additional 14,378 shares in the last quarter.

Frontdoor Stock Performance

Frontdoor stock traded up $0.29 during trading hours on Thursday, hitting $38.04. 730,066 shares of the stock traded hands, compared to its average volume of 688,425. Frontdoor, Inc. has a 1 year low of $29.41 and a 1 year high of $63.49. The stock has a market capitalization of $2.84 billion, a price-to-earnings ratio of 12.60 and a beta of 1.18. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.42 and a quick ratio of 1.42. The firm's 50 day moving average price is $51.19 and its 200-day moving average price is $52.63.

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Analyst Ratings Changes

A number of equities research analysts have recently weighed in on FTDR shares. The Goldman Sachs Group dropped their price target on 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 boosted their target price on shares of Frontdoor from $58.00 to $67.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Frontdoor has a consensus 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.