Measured Wealth Private Client Group LLC Makes New Investment in Frontdoor, Inc. (NASDAQ:FTDR)

Measured Wealth Private Client Group LLC purchased a new stake in shares of Frontdoor, Inc. (NASDAQ:FTDR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,639 shares of the company's stock, valued at approximately $308,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Creative Planning increased its stake in Frontdoor by 7.1% during the 2nd quarter. Creative Planning now owns 15,691 shares of the company's stock worth $530,000 after buying an additional 1,040 shares in the last quarter. Handelsbanken Fonder AB increased its position in shares of Frontdoor by 64.9% during the third quarter. Handelsbanken Fonder AB now owns 28,200 shares of the company's stock worth $1,353,000 after purchasing an additional 11,100 shares in the last quarter. GAMMA Investing LLC raised its stake in Frontdoor by 89.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,667 shares of the company's stock valued at $80,000 after purchasing an additional 788 shares during the last quarter. Diversified Trust Co lifted its holdings in Frontdoor by 2.5% in the 3rd quarter. Diversified Trust Co now owns 12,130 shares of the company's stock valued at $582,000 after purchasing an additional 299 shares in the last quarter. Finally, CWM LLC boosted its stake in Frontdoor by 15.8% during the 3rd quarter. CWM LLC now owns 2,695 shares of the company's stock worth $129,000 after purchasing an additional 367 shares during the last quarter.

Insider Transactions at Frontdoor

In other Frontdoor news, SVP Kathryn M. Collins sold 25,784 shares of the stock in a transaction that occurred on 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 of the company's stock, valued at approximately $547,447.74. This trade represents a 73.22 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Evan Iverson sold 16,000 shares of the business's stock in a transaction that occurred on Wednesday, December 11th. The shares were 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 approximately $291,552.20. The trade was a 76.35 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.29% of the company's stock.

Frontdoor Stock Down 1.4 %

Shares of FTDR traded down $0.81 during mid-day trading on Monday, reaching $58.11. The company's stock had a trading volume of 190,709 shares, compared to its average volume of 665,494. 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 12-month low of $29.41 and a 12-month high of $63.49. The stock has a market cap of $4.41 billion, a PE ratio of 19.28 and a beta of 1.08. The company's 50 day moving average is $57.63 and its 200 day moving average is $52.32.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. The Goldman Sachs Group increased their target price on shares of Frontdoor from $41.00 to $46.00 and gave the company a "sell" rating in a research report on Tuesday, November 5th. Truist Financial raised their target price on shares of Frontdoor from $56.00 to $58.00 and gave the stock a "buy" rating in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Frontdoor currently has a consensus rating of "Hold" and a consensus price target of $49.50.

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.