Frontdoor, Inc. (NASDAQ:FTDR) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank reduced its holdings in Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 34.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,665 shares of the company's stock after selling 12,583 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Frontdoor were worth $1,294,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in FTDR. Raymond James Financial Inc. purchased a new stake in shares of Frontdoor in the 4th quarter valued at $17,465,000. Castellan Group purchased a new stake in shares of Frontdoor in the 3rd quarter valued at $5,881,000. Geode Capital Management LLC lifted its stake in shares of Frontdoor by 3.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,113,474 shares of the company's stock valued at $101,442,000 after purchasing an additional 74,542 shares during the period. Edgestream Partners L.P. lifted its stake in shares of Frontdoor by 462.3% in the 4th quarter. Edgestream Partners L.P. now owns 76,836 shares of the company's stock valued at $4,201,000 after purchasing an additional 63,171 shares during the period. Finally, Eventide Asset Management LLC acquired a new position in shares of Frontdoor in the 3rd quarter valued at $2,942,000.

Frontdoor Price Performance

NASDAQ:FTDR traded up $0.29 during trading hours on Friday, reaching $38.09. 1,298,535 shares of the company were exchanged, compared to its average volume of 687,588. 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's 50-day moving average is $52.25 and its 200-day moving average is $52.79. The firm has a market cap of $2.85 billion, a PE ratio of 12.61 and a beta of 1.18. Frontdoor, Inc. has a twelve month low of $29.41 and a twelve month high of $63.49.

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Analyst Ratings Changes

Several research firms recently issued reports on FTDR. Truist Financial boosted their target price on shares of 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 decreased their target price on shares of Frontdoor from $46.00 to $40.00 and set a "sell" rating for the company in a research note on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $50.25.

Frontdoor 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.