Martingale Asset Management L P Boosts Stock Position in Frontdoor, Inc. (NASDAQ:FTDR)

Martingale Asset Management L P boosted its stake in shares of Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 818.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,466 shares of the company's stock after buying an additional 40,516 shares during the period. Martingale Asset Management L P owned approximately 0.06% of Frontdoor worth $2,486,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in FTDR. Orion Portfolio Solutions LLC purchased a new position in shares of Frontdoor in the third quarter worth approximately $247,000. MML Investors Services LLC bought a new position in shares of Frontdoor during the 3rd quarter valued at about $377,000. Geode Capital Management LLC boosted its stake in Frontdoor by 3.7% during the third quarter. Geode Capital Management LLC now owns 2,113,474 shares of the company's stock valued at $101,442,000 after buying an additional 74,542 shares during the last quarter. 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 boosted its stake in Frontdoor by 36.0% during the third quarter. Tidal Investments LLC now owns 42,918 shares of the company's stock worth $2,060,000 after buying an additional 11,369 shares during the period.

Frontdoor Stock Down 0.6 %

NASDAQ FTDR traded down $0.23 during trading on Tuesday, reaching $40.09. 467,964 shares of the company's stock traded hands, compared to its average volume of 850,825. Frontdoor, Inc. has a 12-month low of $29.41 and a 12-month high of $63.49. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.42 and a quick ratio of 1.42. The firm has a market cap of $2.99 billion, a price-to-earnings ratio of 13.27 and a beta of 1.19. The company's 50 day simple moving average is $44.94 and its two-hundred day simple moving average is $51.64.

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Analyst Ratings Changes

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