FIL Ltd Buys 184,051 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

FIL Ltd boosted its position in Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 8.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,410,561 shares of the company's stock after buying an additional 184,051 shares during the quarter. FIL Ltd owned approximately 3.18% of Frontdoor worth $131,785,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Frontdoor by 0.8% in the fourth 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 last quarter. Geode Capital Management LLC grew its position in 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 purchasing an additional 14,079 shares in the last quarter. Invesco Ltd. increased its stake in Frontdoor by 7.6% in the 4th quarter. Invesco Ltd. now owns 833,342 shares of the company's stock valued at $45,559,000 after buying an additional 59,025 shares during the last quarter. Jupiter Asset Management Ltd. lifted its position in Frontdoor by 7.1% during the 4th quarter. Jupiter Asset Management Ltd. now owns 419,109 shares of the company's stock worth $22,913,000 after buying an additional 27,610 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of Frontdoor by 3.1% during the 4th quarter. Principal Financial Group Inc. now owns 399,821 shares of the company's stock worth $21,858,000 after buying an additional 11,854 shares during the last quarter.

Remove Ads

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Truist Financial upped their target price on Frontdoor from $58.00 to $67.00 and gave the stock a "buy" rating in a report on Friday, February 14th. The Goldman Sachs Group dropped their price objective on Frontdoor from $46.00 to $40.00 and set a "sell" rating on the stock in a research note on Monday, March 3rd. One investment 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. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $50.25.

Frontdoor Stock Performance

Shares of FTDR traded up $0.15 during mid-day trading on Monday, reaching $40.07. The company's stock had a trading volume of 122,250 shares, compared to its average volume of 849,798. 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 1-year low of $29.41 and a 1-year high of $63.49. The business has a 50-day simple moving average of $45.36 and a two-hundred day simple moving average of $51.70. The stock has a market cap of $2.99 billion, a P/E ratio of 13.27 and a beta of 1.19.

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.