Harvest Fund Management Co. Ltd Makes New Investment in Frontdoor, Inc. (NASDAQ:FTDR)

Harvest Fund Management Co. Ltd purchased a new position in shares of Frontdoor, Inc. (NASDAQ:FTDR - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 15,773 shares of the company's stock, valued at approximately $862,000.

Other institutional investors have also modified their holdings of the company. Geode Capital Management LLC boosted its stake in shares of Frontdoor by 3.7% in the third quarter. Geode Capital Management LLC now owns 2,113,474 shares of the company's stock worth $101,442,000 after buying an additional 74,542 shares during the last quarter. Glenmede Trust Co. NA boosted its position in Frontdoor by 1.2% in the 3rd quarter. Glenmede Trust Co. NA now owns 506,328 shares of the company's stock worth $24,299,000 after purchasing an additional 6,189 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in Frontdoor by 8.0% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 448,572 shares of the company's stock worth $21,527,000 after purchasing an additional 33,380 shares in the last quarter. Jupiter Asset Management Ltd. grew its stake in shares of 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 purchasing an additional 27,610 shares during the period. Finally, Principal Financial Group Inc. increased its holdings 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 valued at $21,858,000 after purchasing an additional 11,854 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Truist Financial increased their price target on shares of 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 lowered their target price on shares of Frontdoor from $46.00 to $40.00 and set a "sell" rating on the stock in a research note on Monday, March 3rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Frontdoor currently has a consensus rating of "Hold" and an average price target of $50.25.

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Frontdoor Price Performance

Shares of NASDAQ:FTDR traded down $1.16 during midday trading on Tuesday, reaching $38.00. 708,158 shares of the company's stock traded hands, compared to its average volume of 686,699. The company has a fifty day simple moving average of $51.92 and a two-hundred day simple moving average of $52.80. Frontdoor, Inc. has a 1 year low of $29.41 and a 1 year high of $63.49. The company has a market cap of $2.84 billion, a P/E ratio of 12.58 and a beta of 1.18. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.42 and a current ratio of 1.42.

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.