Frontdoor, Inc. (NASDAQ:FTDR) Stock Position Lowered by US Bancorp DE

US Bancorp DE lessened its position in Frontdoor, Inc. (NASDAQ:FTDR) by 64.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,455 shares of the company’s stock after selling 4,376 shares during the period. US Bancorp DE’s holdings in Frontdoor were worth $134,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. USA Financial Formulas acquired a new position in shares of Frontdoor in the 4th quarter worth $60,000. TD Private Client Wealth LLC acquired a new position in shares of Frontdoor in the 3rd quarter worth $68,000. Blue Trust Inc. grew its holdings in shares of Frontdoor by 315.3% in the 4th quarter. Blue Trust Inc. now owns 1,632 shares of the company’s stock worth $89,000 after acquiring an additional 1,239 shares during the last quarter. Nkcfo LLC acquired a new position in shares of Frontdoor in the 4th quarter worth $96,000. Finally, GAMMA Investing LLC grew its holdings in shares of Frontdoor by 26.0% in the 4th quarter. GAMMA Investing LLC now owns 2,100 shares of the company’s stock worth $115,000 after acquiring an additional 433 shares during the last quarter.

Frontdoor Stock Performance

Shares of FTDR stock opened at $38.40 on Monday. Frontdoor, Inc. has a 1-year low of $29.41 and a 1-year high of $63.49. 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 company has a market capitalization of $2.87 billion, a price-to-earnings ratio of 12.72 and a beta of 1.18. The stock’s fifty day simple moving average is $54.06 and its 200-day simple moving average is $53.22.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. The Goldman Sachs Group decreased their target price on Frontdoor from $46.00 to $40.00 and set a “sell” rating on the stock in a report on Monday, March 3rd. Truist Financial lifted their target price on Frontdoor from $58.00 to $67.00 and gave the stock a “buy” rating in a report on Friday, February 14th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, Frontdoor presently has an average rating of “Hold” and a consensus target price 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.