Jupiter Asset Management Ltd. Acquires 27,610 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

Jupiter Asset Management Ltd. raised its holdings in shares of Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 7.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 419,109 shares of the company's stock after purchasing an additional 27,610 shares during the quarter. Jupiter Asset Management Ltd. owned approximately 0.55% of Frontdoor worth $22,913,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of FTDR. USA Financial Formulas bought a new stake in Frontdoor during the 4th quarter valued at $60,000. TD Private Client Wealth LLC bought a new stake in shares of Frontdoor during the 3rd quarter valued at $68,000. Blue Trust Inc. lifted its holdings in Frontdoor by 315.3% during the 4th quarter. Blue Trust Inc. now owns 1,632 shares of the company's stock worth $89,000 after purchasing an additional 1,239 shares in the last quarter. Nkcfo LLC bought a new position in Frontdoor in the 4th quarter worth about $96,000. Finally, GAMMA Investing LLC grew its holdings in Frontdoor by 26.0% during the 4th quarter. GAMMA Investing LLC now owns 2,100 shares of the company's stock valued at $115,000 after buying an additional 433 shares in the last quarter.

Frontdoor Price Performance

Shares of FTDR stock traded down $1.61 during trading on Thursday, hitting $37.20. The company had a trading volume of 976,037 shares, compared to its average volume of 806,242. The stock's 50-day moving average is $54.74 and its two-hundred day moving average is $53.33. The stock has a market capitalization of $2.78 billion, a price-to-earnings ratio of 12.32 and a beta of 1.18. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.16. Frontdoor, Inc. has a 52 week low of $29.41 and a 52 week high of $63.49.

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Wall Street Analyst Weigh In

A number of research firms have recently commented on FTDR. The Goldman Sachs Group cut their price objective 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. Truist Financial raised their price target on shares of Frontdoor from $58.00 to $67.00 and gave the company a "buy" rating in a report on Friday, February 14th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $50.25.

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.