Empowered Funds LLC acquired a new stake in Frontdoor, Inc. (NASDAQ:FTDR - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 9,964 shares of the company's stock, valued at approximately $545,000.
Other large investors also recently modified their holdings of the company. CWM LLC grew its position in shares of Frontdoor by 15.8% in the 3rd quarter. CWM LLC now owns 2,695 shares of the company's stock valued at $129,000 after buying an additional 367 shares during the last quarter. Exchange Traded Concepts LLC purchased a new position in shares of Frontdoor in the 3rd quarter valued at $27,000. Creative Planning grew its position in shares of Frontdoor by 21.5% in the 3rd quarter. Creative Planning now owns 19,061 shares of the company's stock valued at $915,000 after buying an additional 3,370 shares during the last quarter. V Square Quantitative Management LLC purchased a new position in shares of Frontdoor in the 3rd quarter valued at $31,000. Finally, Net Worth Advisory Group purchased a new position in shares of Frontdoor in the 3rd quarter valued at $208,000.
Frontdoor Price Performance
NASDAQ:FTDR traded down $1.32 during mid-day trading on Friday, hitting $57.10. 602,244 shares of the company's stock traded hands, compared to its average volume of 632,345. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.42 and a current ratio of 1.42. The firm's 50 day simple moving average is $57.66 and its 200 day simple moving average is $53.30. Frontdoor, Inc. has a 1 year low of $29.41 and a 1 year high of $63.49. The company has a market cap of $4.33 billion, a PE ratio of 18.91 and a beta of 1.08.
Insider Buying and Selling at Frontdoor
In other Frontdoor news, COO Evan Iverson sold 16,000 shares of the firm's stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $58.84, for a total transaction of $941,440.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Kathryn M. Collins sold 25,784 shares of the firm's stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $58.06, for a total transaction of $1,497,019.04. Following the transaction, the senior vice president now owns 9,429 shares of the company's stock, valued at $547,447.74. This trade represents a 73.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
FTDR has been the topic of a number of recent analyst reports. The Goldman Sachs Group increased their target price on shares of Frontdoor from $41.00 to $46.00 and gave the company a "sell" rating in a research report on Tuesday, November 5th. Truist Financial raised 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. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Frontdoor presently has an average rating of "Hold" and an average target price of $51.75.
Check Out Our Latest Stock Analysis on Frontdoor
Frontdoor Company Profile
(
Free Report)
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.
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