Frontdoor, Inc. (NASDAQ:FTDR) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System cut its stake in Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 6.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 139,994 shares of the company's stock after selling 10,166 shares during the period. California Public Employees Retirement System owned about 0.18% of Frontdoor worth $7,653,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in FTDR. Verition Fund Management LLC lifted its position in Frontdoor by 255.5% during the third quarter. Verition Fund Management LLC now owns 21,757 shares of the company's stock valued at $1,044,000 after acquiring an additional 15,637 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Frontdoor by 315.3% during the 4th quarter. Blue Trust Inc. now owns 1,632 shares of the company's stock valued at $89,000 after purchasing an additional 1,239 shares during the last quarter. Geode Capital Management LLC raised its stake in Frontdoor by 3.7% in the third quarter. Geode Capital Management LLC now owns 2,113,474 shares of the company's stock valued at $101,442,000 after buying an additional 74,542 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new stake in Frontdoor in the fourth quarter worth about $467,000. Finally, Atria Investments Inc grew its stake in shares of Frontdoor by 4.9% during the fourth quarter. Atria Investments Inc now owns 6,894 shares of the company's stock worth $377,000 after acquiring an additional 325 shares during the last quarter.

Frontdoor Stock Performance

Shares of Frontdoor stock traded up $0.32 during trading on Friday, hitting $39.92. 797,538 shares of the company's stock were exchanged, compared to its average volume of 729,570. Frontdoor, Inc. has a 52-week low of $29.41 and a 52-week high of $63.49. 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 stock has a market capitalization of $2.98 billion, a price-to-earnings ratio of 13.22 and a beta of 1.19. The business has a 50-day simple moving average of $45.36 and a 200-day simple moving average of $51.68.

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Wall Street Analyst Weigh In

A number of research firms recently commented on FTDR. Truist Financial lifted 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. The Goldman Sachs Group lowered their price target on Frontdoor from $46.00 to $40.00 and set a "sell" rating for the company in a research report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average 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.