148,971 Shares in Frontdoor, Inc. (NASDAQ:FTDR) Bought by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP acquired a new position in shares of Frontdoor, Inc. (NASDAQ:FTDR - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 148,971 shares of the company's stock, valued at approximately $8,144,000. ExodusPoint Capital Management LP owned 0.20% of Frontdoor at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in FTDR. Motley Fool Asset Management LLC purchased a new position in shares of Frontdoor in the 4th quarter valued at about $1,344,000. Geode Capital Management LLC increased its position in shares of Frontdoor by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 2,127,553 shares of the company's stock valued at $116,336,000 after buying an additional 14,079 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Frontdoor by 4.9% during the 4th quarter. Franklin Resources Inc. now owns 101,358 shares of the company's stock worth $5,541,000 after buying an additional 4,725 shares during the period. B. Metzler seel. Sohn & Co. AG purchased a new position in shares of Frontdoor during the 4th quarter valued at approximately $1,266,000. Finally, Alliancebernstein L.P. grew its stake in Frontdoor by 98.4% in the 4th quarter. Alliancebernstein L.P. now owns 173,281 shares of the company's stock valued at $9,473,000 after acquiring an additional 85,960 shares during the period.

Wall Street Analyst Weigh In

FTDR has been the subject of a number of research analyst reports. The Goldman Sachs Group reduced their target price on Frontdoor from $46.00 to $40.00 and set a "sell" rating for the company in a report on Monday, March 3rd. Truist Financial increased their price objective on Frontdoor from $58.00 to $67.00 and gave the company 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 given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $50.25.

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Frontdoor Stock Performance

Shares of Frontdoor stock traded down $0.98 on Thursday, hitting $38.75. The stock had a trading volume of 477,611 shares, compared to its average volume of 727,200. The stock has a market cap of $2.89 billion, a price-to-earnings ratio of 12.90 and a beta of 1.19. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.16. Frontdoor, Inc. has a 52-week low of $29.41 and a 52-week high of $63.49. The company's 50 day moving average price is $46.12 and its 200 day moving average price is $51.80.

Frontdoor 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.