Frontdoor, Inc. (NASDAQ:FTDR) Shares Acquired by Edgestream Partners L.P.

Edgestream Partners L.P. grew its stake in Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 462.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 76,836 shares of the company's stock after purchasing an additional 63,171 shares during the period. Edgestream Partners L.P. owned approximately 0.10% of Frontdoor worth $4,201,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in FTDR. USA Financial Formulas purchased a new stake in shares of Frontdoor in the fourth quarter valued at approximately $60,000. TD Private Client Wealth LLC acquired a new position in Frontdoor in the third quarter valued at approximately $68,000. Blue Trust Inc. lifted its holdings 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 acquiring an additional 1,239 shares during the last quarter. Nkcfo LLC acquired a new position in Frontdoor in 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 last quarter.

Analyst Ratings Changes

A number of research analysts recently commented on FTDR shares. Truist Financial upped their price objective on Frontdoor from $58.00 to $67.00 and gave the company a "buy" rating in a report on Friday, February 14th. The Goldman Sachs Group decreased their price objective on Frontdoor from $46.00 to $40.00 and set a "sell" rating on the stock in a report on Monday, March 3rd. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, Frontdoor currently has an average rating of "Hold" and a consensus target price of $50.25.

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Frontdoor Trading Down 1.3 %

NASDAQ:FTDR traded down $0.50 during trading hours on Tuesday, reaching $37.91. 907,539 shares of the stock were exchanged, compared to its average volume of 796,757. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.16. The business has a 50-day moving average of $55.40 and a two-hundred day moving average of $53.51. Frontdoor, Inc. has a twelve month low of $29.41 and a twelve month high of $63.49. The company has a market capitalization of $2.83 billion, a price-to-earnings ratio of 12.55 and a beta of 1.18.

Insiders Place Their Bets

In other news, COO Evan Iverson sold 16,000 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $58.84, for a total value of $941,440.00. Following the sale, the chief operating officer now directly owns 4,955 shares in the company, valued at approximately $291,552.20. This trade represents a 76.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.29% of the stock is owned by insiders.

Frontdoor Company 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.