Motley Fool Asset Management LLC Takes Position in Frontdoor, Inc. (NASDAQ:FTDR)

Motley Fool Asset Management LLC bought a new position in shares of Frontdoor, Inc. (NASDAQ:FTDR - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 24,580 shares of the company's stock, valued at approximately $1,344,000.

A number of other hedge funds also recently added to or reduced their stakes in FTDR. USA Financial Formulas purchased a new stake in Frontdoor during the 4th quarter worth about $60,000. TD Private Client Wealth LLC acquired a new position in Frontdoor during the third quarter worth approximately $68,000. Blue Trust Inc. lifted its stake in Frontdoor by 315.3% in the fourth quarter. Blue Trust Inc. now owns 1,632 shares of the company's stock valued at $89,000 after buying an additional 1,239 shares during the last quarter. Nkcfo LLC acquired a new stake in Frontdoor during the 4th quarter worth $96,000. Finally, GAMMA Investing LLC raised its holdings in shares of Frontdoor by 26.0% in the fourth quarter. GAMMA Investing LLC now owns 2,100 shares of the company's stock valued at $115,000 after buying an additional 433 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. The Goldman Sachs Group lowered their target price on shares of Frontdoor from $46.00 to $40.00 and set a "sell" rating on the stock in a report on Monday, March 3rd. Truist Financial boosted their target price on Frontdoor from $58.00 to $67.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $50.25.

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Frontdoor Trading Up 6.4 %

FTDR stock traded up $2.38 during trading on Wednesday, reaching $39.73. 1,866,628 shares of the stock traded hands, compared to its average volume of 728,031. The business's 50 day moving average price is $46.12 and its 200-day moving average price is $51.80. The firm has a market capitalization of $2.97 billion, a PE ratio of 13.16 and a beta of 1.19. 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.

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.