Raymond James Financial Inc. Takes Position in Frontdoor, Inc. (NASDAQ:FTDR)

Raymond James Financial Inc. acquired a new stake in Frontdoor, Inc. (NASDAQ:FTDR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 319,463 shares of the company's stock, valued at approximately $17,465,000. Raymond James Financial Inc. owned 0.42% of Frontdoor at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC lifted its holdings in Frontdoor by 3.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,113,474 shares of the company's stock worth $101,442,000 after buying an additional 74,542 shares during the period. Glenmede Trust Co. NA boosted its holdings in Frontdoor by 1.2% in the third quarter. Glenmede Trust Co. NA now owns 506,328 shares of the company's stock valued at $24,299,000 after acquiring an additional 6,189 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in Frontdoor by 8.0% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 448,572 shares of the company's stock valued at $21,527,000 after purchasing an additional 33,380 shares during the period. Principal Financial Group Inc. raised its holdings in Frontdoor by 3.1% in the 4th quarter. Principal Financial Group Inc. now owns 399,821 shares of the company's stock worth $21,858,000 after purchasing an additional 11,854 shares in the last quarter. Finally, Nordea Investment Management AB lifted its position in shares of Frontdoor by 4.6% in the 4th quarter. Nordea Investment Management AB now owns 263,387 shares of the company's stock worth $14,544,000 after purchasing an additional 11,671 shares during the period.

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Frontdoor Stock Up 0.8 %

NASDAQ:FTDR traded up $0.29 on Friday, reaching $38.09. 1,298,225 shares of the stock traded hands, compared to its average volume of 689,150. The company's fifty day simple moving average is $52.60 and its 200 day simple moving average is $52.86. The company has a market capitalization of $2.85 billion, a price-to-earnings ratio of 12.61 and a beta of 1.18. Frontdoor, Inc. has a 12 month low of $29.41 and a 12 month high of $63.49. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.16.

Wall Street Analysts Forecast Growth

FTDR has been the subject of a number of research reports. Truist Financial increased their price target on shares of Frontdoor from $58.00 to $67.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. The Goldman Sachs Group decreased their target price on Frontdoor from $46.00 to $40.00 and set a "sell" rating for the company in a research report on Monday, March 3rd. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average 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.