JPMorgan Chase & Co. Boosts Stock Holdings in Frontdoor, Inc. (NASDAQ:FTDR)

JPMorgan Chase & Co. lifted its stake in Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 44.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 306,947 shares of the company's stock after acquiring an additional 94,482 shares during the quarter. JPMorgan Chase & Co. owned 0.40% of Frontdoor worth $16,781,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FTDR. Orion Portfolio Solutions LLC bought a new position in shares of Frontdoor during the 3rd quarter valued at $247,000. MML Investors Services LLC purchased a new position in Frontdoor in the third quarter worth about $377,000. Geode Capital Management LLC grew its stake in shares of Frontdoor by 3.7% during 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 during the period. TD Private Client Wealth LLC purchased a new stake in shares of Frontdoor during the 3rd quarter valued at about $68,000. Finally, Tidal Investments LLC lifted its stake in shares of Frontdoor by 36.0% in the 3rd quarter. Tidal Investments LLC now owns 42,918 shares of the company's stock worth $2,060,000 after purchasing an additional 11,369 shares during the period.

Analysts Set New Price Targets

A number of brokerages have commented on FTDR. Truist Financial upped their target price on shares of Frontdoor from $58.00 to $67.00 and gave the company a "buy" rating in a report on Friday, February 14th. The Goldman Sachs Group decreased their target price on Frontdoor from $46.00 to $40.00 and set a "sell" rating on the stock in a report on Monday, March 3rd. 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 stock. According to 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 FTDR stock traded down $0.27 on Tuesday, hitting $40.05. 657,216 shares of the stock traded hands, compared to its average volume of 729,712. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.42 and a quick ratio of 1.42. Frontdoor, Inc. has a 52 week low of $29.41 and a 52 week high of $63.49. The firm has a 50 day simple moving average of $44.94 and a two-hundred day simple moving average of $51.64. The firm has a market cap of $2.99 billion, a price-to-earnings ratio of 13.26 and a beta of 1.19.

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.