Frontdoor, Inc. (NASDAQ:FTDR) Shares Sold by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC trimmed its holdings in Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 63.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,652 shares of the company's stock after selling 13,404 shares during the period. Counterpoint Mutual Funds LLC's holdings in Frontdoor were worth $418,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Raymond James Financial Inc. bought a new stake in shares of Frontdoor in the fourth quarter worth $17,465,000. Skandinaviska Enskilda Banken AB publ grew its holdings in Frontdoor by 99.9% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 274,800 shares of the company's stock worth $15,045,000 after acquiring an additional 137,300 shares in the last quarter. Castellan Group bought a new stake in shares of Frontdoor in the 3rd quarter worth about $5,881,000. Geode Capital Management LLC raised its stake in shares of Frontdoor by 3.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,113,474 shares of the company's stock valued at $101,442,000 after purchasing an additional 74,542 shares in the last quarter. Finally, Edgestream Partners L.P. lifted its position in shares of Frontdoor by 462.3% during the fourth quarter. Edgestream Partners L.P. now owns 76,836 shares of the company's stock worth $4,201,000 after purchasing an additional 63,171 shares during the last quarter.

Frontdoor Price Performance

Frontdoor stock traded up $0.29 during trading hours on Friday, hitting $38.09. 1,298,535 shares of the company traded hands, compared to its average volume of 689,150. Frontdoor, Inc. has a 1-year low of $29.41 and a 1-year high of $63.49. The firm has a market cap of $2.85 billion, a P/E ratio of 12.61 and a beta of 1.18. The firm's 50-day simple moving average is $52.60 and its two-hundred day simple moving average is $52.86. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.16.

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Wall Street Analyst Weigh In

Several brokerages recently weighed in on FTDR. The Goldman Sachs Group lowered their price objective 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 boosted their price target on Frontdoor from $58.00 to $67.00 and gave the company a "buy" rating in a report on Friday, February 14th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Frontdoor presently has a consensus rating of "Hold" and a consensus price target of $50.25.

About Frontdoor

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.