Invesco Ltd. Purchases 59,025 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

Invesco Ltd. lifted its position in shares of Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 7.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 833,342 shares of the company's stock after purchasing an additional 59,025 shares during the period. Invesco Ltd. owned 1.10% of Frontdoor worth $45,559,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of FTDR. Bank of Montreal Can raised its holdings in shares of Frontdoor by 12.8% during the fourth quarter. Bank of Montreal Can now owns 9,060 shares of the company's stock valued at $495,000 after acquiring an additional 1,031 shares in the last quarter. Aristides Capital LLC boosted its stake in shares of Frontdoor by 24.9% during the 4th quarter. Aristides Capital LLC now owns 5,850 shares of the company's stock valued at $320,000 after purchasing an additional 1,165 shares in the last quarter. Federated Hermes Inc. increased its position in shares of Frontdoor by 2.1% during the fourth quarter. Federated Hermes Inc. now owns 334,412 shares of the company's stock valued at $18,282,000 after buying an additional 6,850 shares during the period. Russell Investments Group Ltd. lifted its holdings in Frontdoor by 5.2% in the fourth quarter. Russell Investments Group Ltd. now owns 75,389 shares of the company's stock worth $4,122,000 after buying an additional 3,706 shares during the period. Finally, Envestnet Asset Management Inc. boosted its position in shares of Frontdoor by 2.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 61,316 shares of the company's stock valued at $3,352,000 after purchasing an additional 1,741 shares in the last quarter.

Frontdoor Stock Performance

FTDR traded down $0.10 during midday trading on Monday, reaching $39.54. The company had a trading volume of 44,226 shares, compared to its average volume of 730,104. The business has a 50-day moving average of $43.42 and a two-hundred day moving average of $51.43. The company has a market cap of $2.95 billion, a P/E ratio of 13.11 and a beta of 1.19. Frontdoor, Inc. has a 1 year low of $30.31 and a 1 year high of $63.49. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.16.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on FTDR shares. Truist Financial upped 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 cut their target price on Frontdoor from $46.00 to $40.00 and set a "sell" rating on the stock in a research note on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average 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.