Victory Capital Management Inc. Has $58.09 Million Stock Position in Frontdoor, Inc. (NASDAQ:FTDR)

Victory Capital Management Inc. lessened its holdings in Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 28.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,062,581 shares of the company's stock after selling 424,929 shares during the period. Victory Capital Management Inc. owned 1.40% of Frontdoor worth $58,091,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. Smartleaf Asset Management LLC boosted its position in shares of Frontdoor by 360.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,484 shares of the company's stock valued at $136,000 after acquiring an additional 1,945 shares during the period. Parkside Financial Bank & Trust increased its position in shares of Frontdoor by 8.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,880 shares of the company's stock worth $157,000 after purchasing an additional 221 shares during the period. Versor Investments LP bought a new position in shares of Frontdoor in the fourth quarter worth $1,022,000. Proficio Capital Partners LLC acquired a new position in Frontdoor in the fourth quarter valued at about $2,224,000. Finally, Oppenheimer & Co. Inc. bought a new stake in Frontdoor during the fourth quarter worth about $467,000.

Frontdoor Price Performance

Shares of FTDR stock traded down $0.50 on Tuesday, reaching $37.91. The company had a trading volume of 907,539 shares, compared to its average volume of 796,128. The stock has a market capitalization of $2.83 billion, a PE ratio of 12.55 and a beta of 1.18. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.16. The business's 50-day moving average is $55.40 and its 200 day moving average is $53.51. Frontdoor, Inc. has a one year low of $29.41 and a one year high of $63.49.

Remove Ads

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. The Goldman Sachs Group dropped their target price 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 boosted their price objective on shares of Frontdoor from $58.00 to $67.00 and gave the company a "buy" rating in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $50.25.

Insider Activity at Frontdoor

In related news, COO Evan Iverson sold 16,000 shares of the firm's stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $58.84, for a total transaction of $941,440.00. Following the sale, the chief operating officer now owns 4,955 shares of the company's stock, valued at $291,552.20. This trade represents a 76.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.29% of the stock is owned by insiders.

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.