Sei Investments Co. Trims Stock Position in Frontdoor, Inc. (NASDAQ:FTDR)

Sei Investments Co. cut its stake in shares of Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 9.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 97,556 shares of the company's stock after selling 9,789 shares during the period. Sei Investments Co. owned approximately 0.13% of Frontdoor worth $5,333,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FTDR. Verition Fund Management LLC increased its holdings in shares of Frontdoor by 255.5% in the third quarter. Verition Fund Management LLC now owns 21,757 shares of the company's stock valued at $1,044,000 after purchasing an additional 15,637 shares during the period. Blue Trust Inc. increased its stake in Frontdoor by 315.3% in the 4th 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 period. Geode Capital Management LLC raised its position in Frontdoor by 3.7% during 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 last quarter. Oppenheimer & Co. Inc. acquired a new stake in shares of Frontdoor in the 4th quarter worth $467,000. Finally, Atria Investments Inc boosted its holdings in shares of Frontdoor by 4.9% in the fourth quarter. Atria Investments Inc now owns 6,894 shares of the company's stock valued at $377,000 after acquiring an additional 325 shares in the last quarter.

Analyst Ratings Changes

A number of brokerages recently commented on FTDR. The Goldman Sachs Group reduced their price objective on shares of Frontdoor from $46.00 to $40.00 and set a "sell" rating for the company in a research report on Monday, March 3rd. Truist Financial raised their price target on Frontdoor from $58.00 to $67.00 and gave the company a "buy" rating in a report on Friday, February 14th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Frontdoor presently has a consensus rating of "Hold" and an average price target of $50.25.

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Frontdoor Price Performance

FTDR stock traded up $0.46 during trading on Friday, reaching $37.96. 1,576,026 shares of the company were exchanged, compared to its average volume of 713,294. Frontdoor, Inc. has a 52-week low of $29.41 and a 52-week high of $63.49. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.42 and a current ratio of 1.42. The company has a market cap of $2.83 billion, a P/E ratio of 12.57 and a beta of 1.19. The stock's 50 day moving average price is $48.41 and its 200 day moving average price is $52.19.

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.