Blue Trust Inc. Acquires 1,239 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

Blue Trust Inc. boosted its holdings in Frontdoor, Inc. (NASDAQ:FTDR) by 315.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,632 shares of the company’s stock after acquiring an additional 1,239 shares during the quarter. Blue Trust Inc.’s holdings in Frontdoor were worth $89,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. USA Financial Formulas bought a new stake in Frontdoor in the fourth quarter valued at about $60,000. TD Private Client Wealth LLC bought a new stake in Frontdoor in the third quarter valued at about $68,000. GAMMA Investing LLC increased its stake in Frontdoor by 26.0% in the fourth quarter. GAMMA Investing LLC now owns 2,100 shares of the company’s stock valued at $115,000 after acquiring an additional 433 shares during the period. First Horizon Advisors Inc. grew its stake in Frontdoor by 1,052.2% during the third quarter. First Horizon Advisors Inc. now owns 3,203 shares of the company’s stock worth $154,000 after buying an additional 2,925 shares during the last quarter. Finally, Caprock Group LLC bought a new stake in Frontdoor during the fourth quarter worth about $208,000.

Insider Transactions at Frontdoor

In related news, SVP Kathryn M. Collins sold 25,784 shares of the stock in a transaction that occurred on Tuesday, December 10th. The shares were 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 in the company, valued at $547,447.74. This represents a 73.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Evan Iverson sold 16,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief operating officer now owns 4,955 shares in the company, 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. 0.29% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

FTDR has been the topic of several research analyst reports. The Goldman Sachs Group upped their price objective on shares of Frontdoor from $41.00 to $46.00 and gave the stock a “sell” rating in a research note on Tuesday, November 5th. Truist Financial upped their price objective on shares of Frontdoor from $58.00 to $67.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. One equities 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 data from MarketBeat, Frontdoor currently has an average rating of “Hold” and an average price target of $51.75.

Frontdoor Price Performance

Shares of FTDR stock opened at $57.10 on Friday. Frontdoor, Inc. has a 1 year low of $29.41 and a 1 year high of $63.49. The firm’s 50 day moving average is $57.62 and its 200-day moving average is $53.46. The firm has a market capitalization of $4.33 billion, a price-to-earnings ratio of 18.91 and a beta of 1.08. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.16.

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.