Versor Investments LP bought a new stake in shares of Frontdoor, Inc. (NASDAQ:FTDR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 18,700 shares of the company's stock, valued at approximately $1,022,000.
Other hedge funds also recently modified their holdings of the company. Harbor Capital Advisors Inc. grew its position in Frontdoor by 84.0% during the third quarter. Harbor Capital Advisors Inc. now owns 184,408 shares of the company's stock valued at $8,850,000 after purchasing an additional 84,167 shares in the last quarter. Meeder Asset Management Inc. boosted its stake in shares of Frontdoor by 362.8% during the 3rd quarter. Meeder Asset Management Inc. now owns 24,590 shares of the company's stock valued at $1,180,000 after buying an additional 19,277 shares during the period. Verition Fund Management LLC grew its holdings in shares of Frontdoor by 255.5% during the 3rd 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 in the last quarter. Atria Investments Inc acquired a new position in shares of Frontdoor in the third quarter worth $315,000. Finally, Geode Capital Management LLC raised its holdings in shares of Frontdoor by 3.7% during the third quarter. Geode Capital Management LLC now owns 2,113,474 shares of the company's stock worth $101,442,000 after acquiring an additional 74,542 shares in the last quarter.
Wall Street Analyst Weigh In
A number of brokerages have commented on FTDR. Truist Financial boosted their target price on Frontdoor from $58.00 to $67.00 and gave the company a "buy" rating in a research note on Friday, February 14th. The Goldman Sachs Group lowered their price target on Frontdoor from $46.00 to $40.00 and set a "sell" rating for the company in a research note on Monday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $50.25.
Check Out Our Latest Stock Analysis on Frontdoor
Frontdoor Stock Down 10.6 %
Frontdoor stock traded down $4.81 during mid-day trading on Monday, hitting $40.67. 1,799,993 shares of the company's stock were exchanged, compared to its average volume of 753,777. Frontdoor, Inc. has a 1-year low of $29.41 and a 1-year high of $63.49. The stock has a 50 day moving average of $57.24 and a two-hundred day moving average of $53.78. 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 stock has a market cap of $3.08 billion, a P/E ratio of 13.47 and a beta of 1.08.
Insider Transactions at Frontdoor
In other news, COO Evan Iverson sold 16,000 shares of the firm's stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $58.84, for a total value of $941,440.00. Following the sale, the chief operating officer now directly owns 4,955 shares of the company's stock, valued at approximately $291,552.20. This trade represents a 76.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Kathryn M. Collins sold 25,784 shares of the business's stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $58.06, for a total value of $1,497,019.04. Following the transaction, the senior vice president now directly owns 9,429 shares of the company's stock, valued at $547,447.74. This represents a 73.22 % decrease in their position. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by corporate insiders.
About Frontdoor
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Free Report)
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.
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