Federated Hermes Inc. Buys 6,850 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

Federated Hermes Inc. grew its position in shares of Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 2.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 334,412 shares of the company's stock after acquiring an additional 6,850 shares during the quarter. Federated Hermes Inc. owned 0.44% of Frontdoor worth $18,282,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Frontdoor by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 9,674,278 shares of the company's stock valued at $528,893,000 after purchasing an additional 78,134 shares during the period. Geode Capital Management LLC grew its position in Frontdoor by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 2,127,553 shares of the company's stock valued at $116,336,000 after acquiring an additional 14,079 shares during the last quarter. Jupiter Asset Management Ltd. raised its stake in shares of Frontdoor by 7.1% during the fourth quarter. Jupiter Asset Management Ltd. now owns 419,109 shares of the company's stock worth $22,913,000 after acquiring an additional 27,610 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Frontdoor by 3.1% in the 4th quarter. Principal Financial Group Inc. now owns 399,821 shares of the company's stock worth $21,858,000 after acquiring an additional 11,854 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Frontdoor in the 4th quarter valued at $17,465,000.

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Frontdoor Stock Down 0.2 %

Frontdoor stock traded down $0.08 during trading hours on Tuesday, hitting $40.24. The stock had a trading volume of 109,052 shares, compared to its average volume of 727,593. The stock's 50-day moving average price is $44.94 and its 200-day moving average price is $51.64. The stock has a market capitalization of $3.00 billion, a P/E ratio of 13.31 and a beta of 1.19. Frontdoor, Inc. has a 12-month low of $29.41 and a 12-month high of $63.49. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.16.

Analysts Set New Price Targets

Several research firms have issued reports on FTDR. The Goldman Sachs Group cut their price target on shares of Frontdoor from $46.00 to $40.00 and set a "sell" rating for the company in a research report on Monday, March 3rd. Truist Financial raised their price target on Frontdoor from $58.00 to $67.00 and gave the stock 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 given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $50.25.

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.