Handelsbanken Fonder AB Sells 4,600 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

Handelsbanken Fonder AB trimmed its stake in Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 16.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 23,600 shares of the company's stock after selling 4,600 shares during the quarter. Handelsbanken Fonder AB's holdings in Frontdoor were worth $1,290,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Willis Investment Counsel lifted its holdings in shares of Frontdoor by 0.4% in the fourth quarter. Willis Investment Counsel now owns 46,753 shares of the company's stock valued at $2,556,000 after buying an additional 185 shares during the period. Pacer Advisors Inc. boosted its position in Frontdoor by 4.8% during the fourth quarter. Pacer Advisors Inc. now owns 7,854 shares of the company's stock valued at $429,000 after purchasing an additional 357 shares during the last quarter. GAMMA Investing LLC grew its position in Frontdoor by 26.0% in the fourth quarter. GAMMA Investing LLC now owns 2,100 shares of the company's stock worth $115,000 after acquiring an additional 433 shares in the last quarter. Quest Partners LLC increased its holdings in shares of Frontdoor by 2.2% during the 3rd quarter. Quest Partners LLC now owns 32,488 shares of the company's stock valued at $1,559,000 after acquiring an additional 707 shares during the last quarter. Finally, USA Financial Formulas bought a new stake in Frontdoor during the fourth quarter valued at about $60,000.

Frontdoor Price Performance

FTDR stock traded down $0.73 during trading on Friday, reaching $45.48. 2,642,337 shares of the company were exchanged, compared to its average volume of 727,639. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.42 and a quick ratio of 1.42. The company has a market capitalization of $3.45 billion, a price-to-earnings ratio of 15.06 and a beta of 1.08. Frontdoor, Inc. has a twelve month low of $29.41 and a twelve month high of $63.49. The company has a 50-day moving average of $57.24 and a two-hundred day moving average of $53.73.

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Insiders Place Their Bets

In related news, COO Evan Iverson sold 16,000 shares of the company's stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $58.84, for a total transaction of $941,440.00. Following the transaction, the chief operating officer now directly owns 4,955 shares of the company's stock, valued at approximately $291,552.20. This represents a 76.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Kathryn M. Collins sold 25,784 shares of Frontdoor stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $58.06, for a total transaction of $1,497,019.04. Following the transaction, the senior vice president now owns 9,429 shares of the company's stock, valued at $547,447.74. This represents a 73.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.29% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on FTDR shares. The Goldman Sachs Group increased their price objective on shares of Frontdoor from $41.00 to $46.00 and gave the company a "sell" rating in a research note on Tuesday, November 5th. Truist Financial upped their price objective on Frontdoor from $58.00 to $67.00 and gave the company a "buy" rating in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $51.75.

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.