Stratos Wealth Partners LTD. Sells 620 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

Stratos Wealth Partners LTD. lessened its stake in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 11.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,993 shares of the company’s stock after selling 620 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Frontdoor were worth $273,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Exchange Traded Concepts LLC bought a new position in shares of Frontdoor in the third quarter valued at approximately $27,000. V Square Quantitative Management LLC bought a new position in Frontdoor in the 3rd quarter valued at $31,000. USA Financial Formulas purchased a new position in shares of Frontdoor during the 4th quarter valued at $60,000. TD Private Client Wealth LLC bought a new position in shares of Frontdoor in the third quarter worth $68,000. Finally, Blue Trust Inc. increased its holdings in shares of Frontdoor by 332.8% in the fourth quarter. Blue Trust Inc. now owns 1,701 shares of the company’s stock worth $93,000 after purchasing an additional 1,308 shares during the period.

Insiders Place Their Bets

In other Frontdoor news, SVP Kathryn M. Collins sold 25,784 shares of Frontdoor stock in a transaction that occurred on 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. The trade was a 73.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Evan Iverson sold 16,000 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were 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 represents a 76.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.29% of the company’s stock.

Frontdoor Stock Performance

NASDAQ FTDR opened at $58.86 on Friday. The company has a market capitalization of $4.46 billion, a P/E ratio of 19.49 and a beta of 1.08. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.42 and a current ratio of 1.42. Frontdoor, Inc. has a 52-week low of $29.41 and a 52-week high of $63.49. The company has a fifty day moving average of $57.62 and a 200-day moving average of $52.69.

Analysts Set New Price Targets

Several equities analysts recently commented on FTDR shares. The Goldman Sachs Group boosted their target price on Frontdoor from $41.00 to $46.00 and gave the stock a “sell” rating in a research report on Tuesday, November 5th. Truist Financial boosted their price objective on Frontdoor from $56.00 to $58.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $49.50.

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.