Schroder Investment Management Group Purchases 46,076 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

Schroder Investment Management Group lifted its stake in shares of Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 29.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 200,744 shares of the company's stock after purchasing an additional 46,076 shares during the period. Schroder Investment Management Group owned approximately 0.26% of Frontdoor worth $10,991,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Frontdoor by 108.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 36,248 shares of the company's stock worth $1,740,000 after buying an additional 18,849 shares in the last quarter. Martingale Asset Management L P bought a new stake in shares of Frontdoor during the third quarter worth $238,000. Verition Fund Management LLC lifted its stake in shares of Frontdoor by 255.5% during the third quarter. Verition Fund Management LLC now owns 21,757 shares of the company's stock valued at $1,044,000 after acquiring an additional 15,637 shares during the period. Edgestream Partners L.P. bought a new position in Frontdoor in the third quarter valued at about $656,000. Finally, Centiva Capital LP increased its position in Frontdoor by 100.3% in the third quarter. Centiva Capital LP now owns 15,914 shares of the company's stock worth $764,000 after purchasing an additional 7,968 shares during the period.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on FTDR. The Goldman Sachs Group cut their target price on shares of Frontdoor from $46.00 to $40.00 and set a "sell" rating on the stock in a research report on Monday, March 3rd. Truist Financial increased their price objective on shares of Frontdoor from $58.00 to $67.00 and gave the company a "buy" rating in a report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $50.25.

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Frontdoor Trading Down 2.3 %

NASDAQ:FTDR traded down $0.88 during mid-day trading on Tuesday, hitting $37.35. The company had a trading volume of 1,975,024 shares, compared to its average volume of 724,835. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.42 and a current ratio of 1.42. Frontdoor, Inc. has a fifty-two week low of $29.41 and a fifty-two week high of $63.49. The firm has a market cap of $2.79 billion, a P/E ratio of 12.37 and a beta of 1.19. The business's fifty day moving average is $46.97 and its two-hundred day moving average is $51.93.

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.