Skandinaviska Enskilda Banken AB publ Boosts Stake in Frontdoor, Inc. (NASDAQ:FTDR)

Skandinaviska Enskilda Banken AB publ grew its stake in shares of Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 99.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 274,800 shares of the company's stock after acquiring an additional 137,300 shares during the period. Skandinaviska Enskilda Banken AB publ owned about 0.36% of Frontdoor worth $15,045,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of FTDR. Raymond James Financial Inc. bought a new position in Frontdoor in the 4th quarter worth approximately $17,465,000. Castellan Group bought a new position in Frontdoor in the 3rd quarter worth approximately $5,881,000. Geode Capital Management LLC boosted 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. Edgestream Partners L.P. boosted its holdings in Frontdoor by 462.3% in the 4th quarter. Edgestream Partners L.P. now owns 76,836 shares of the company's stock worth $4,201,000 after buying an additional 63,171 shares during the period. Finally, Eventide Asset Management LLC bought a new position in Frontdoor in the 3rd quarter worth approximately $2,942,000.

Frontdoor Price Performance

Shares of Frontdoor stock traded down $0.80 on Tuesday, hitting $37.07. 614,085 shares of the company traded hands, compared to its average volume of 688,313. The firm's 50-day simple moving average is $53.72 and its 200 day simple moving average is $53.15. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.16. The company has a market cap of $2.77 billion, a P/E ratio of 12.27 and a beta of 1.18. Frontdoor, Inc. has a 12-month low of $29.41 and a 12-month high of $63.49.

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Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Truist Financial raised their price objective on shares of Frontdoor from $58.00 to $67.00 and gave the stock a "buy" rating in a report on Friday, February 14th. 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 research note on Monday, March 3rd. One 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 company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $50.25.

Frontdoor Company 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.