Geode Capital Management LLC Purchases 14,079 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

Geode Capital Management LLC grew its holdings in Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 0.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 2,127,553 shares of the company's stock after buying an additional 14,079 shares during the quarter. Geode Capital Management LLC owned approximately 2.81% of Frontdoor worth $116,336,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its stake in shares of Frontdoor by 315.3% in 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 period. Oppenheimer & Co. Inc. bought a new stake in Frontdoor during the 4th quarter valued at about $467,000. Atria Investments Inc raised its holdings in Frontdoor by 4.9% in the fourth quarter. Atria Investments Inc now owns 6,894 shares of the company's stock worth $377,000 after buying an additional 325 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of Frontdoor by 43.1% during the third quarter. Janus Henderson Group PLC now owns 90,542 shares of the company's stock valued at $4,347,000 after acquiring an additional 27,280 shares in the last quarter. Finally, Caprock Group LLC purchased a new position in Frontdoor in the 4th quarter worth approximately $208,000.

Frontdoor Stock Performance

Frontdoor stock traded up $0.06 during trading on Monday, reaching $39.98. The company had a trading volume of 50,263 shares, compared to its average volume of 727,743. The firm's 50-day simple moving average is $45.36 and its 200 day simple moving average is $51.70. Frontdoor, Inc. has a 52 week low of $29.41 and a 52 week high of $63.49. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.16. The firm has a market capitalization of $2.98 billion, a price-to-earnings ratio of 13.24 and a beta of 1.19.

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Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on FTDR shares. Truist Financial boosted their price target on 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 cut their target price 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. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Frontdoor currently has a consensus rating of "Hold" and a consensus target price 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.