Los Angeles Capital Management LLC boosted its stake in Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 59.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 101,282 shares of the company's stock after purchasing an additional 37,583 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.13% of Frontdoor worth $5,537,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of FTDR. USA Financial Formulas purchased a new stake in shares of Frontdoor in the fourth quarter worth $60,000. TD Private Client Wealth LLC bought a new position in Frontdoor in the 3rd quarter worth about $68,000. Blue Trust Inc. boosted its position in shares of Frontdoor by 315.3% during the 4th quarter. Blue Trust Inc. now owns 1,632 shares of the company's stock valued at $89,000 after acquiring an additional 1,239 shares during the last quarter. Nkcfo LLC purchased a new position in shares of Frontdoor during the fourth quarter worth about $96,000. Finally, GAMMA Investing LLC increased its position in shares of 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 purchasing an additional 433 shares during the last quarter.
Frontdoor Price Performance
FTDR traded down $0.73 during midday trading on Friday, hitting $45.48. The stock had a trading volume of 2,642,337 shares, compared to its average volume of 727,639. Frontdoor, Inc. has a 1 year low of $29.41 and a 1 year high of $63.49. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.42 and a current ratio of 1.42. The business has a fifty day moving average of $57.24 and a 200 day moving average of $53.73. The company has a market cap of $3.45 billion, a P/E ratio of 15.06 and a beta of 1.08.
Insider Transactions at Frontdoor
In related news, SVP Kathryn M. Collins sold 25,784 shares of the stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $58.06, for a total transaction of $1,497,019.04. Following the completion of the sale, the senior vice president now directly owns 9,429 shares in the company, valued at $547,447.74. This represents a 73.22 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Evan Iverson sold 16,000 shares of Frontdoor stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $58.84, for a total value of $941,440.00. Following the completion of the transaction, the chief operating officer now directly owns 4,955 shares in the company, valued at $291,552.20. This trade represents a 76.35 % 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.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on FTDR shares. Truist Financial lifted their target price on shares of Frontdoor from $58.00 to $67.00 and gave the company a "buy" rating in a research report on Friday, February 14th. The Goldman Sachs Group lifted their price objective on shares of Frontdoor from $41.00 to $46.00 and gave the stock a "sell" rating in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Frontdoor currently has a consensus rating of "Hold" and an average price target of $51.75.
Read Our Latest Research Report on Frontdoor
Frontdoor Company Profile
(
Free Report)
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.
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