Natixis Advisors LLC Purchases 1,452 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

Natixis Advisors LLC raised its position in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 8.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,665 shares of the company’s stock after purchasing an additional 1,452 shares during the period. Natixis Advisors LLC’s holdings in Frontdoor were worth $1,020,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. USA Financial Formulas acquired a new position in shares of Frontdoor during the 4th quarter worth $60,000. TD Private Client Wealth LLC bought a new position in shares of Frontdoor in the third quarter worth about $68,000. Blue Trust Inc. lifted its holdings in shares of Frontdoor by 315.3% in the fourth 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 stake in shares of Frontdoor in the 4th quarter valued at approximately $96,000. Finally, GAMMA Investing LLC grew its holdings in shares of Frontdoor by 26.0% during the 4th quarter. GAMMA Investing LLC now owns 2,100 shares of the company’s stock valued at $115,000 after purchasing an additional 433 shares during the last quarter.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. The Goldman Sachs Group cut their target price on shares of Frontdoor from $46.00 to $40.00 and set a “sell” rating on the stock in a research report on Monday, March 3rd. Truist Financial boosted their price objective on Frontdoor from $58.00 to $67.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. One investment 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 MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $50.25.

Frontdoor Trading Down 3.0 %

NASDAQ FTDR opened at $38.00 on Wednesday. Frontdoor, Inc. has a 12 month low of $29.41 and a 12 month 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 firm has a market capitalization of $2.84 billion, a PE ratio of 12.58 and a beta of 1.18. The business’s 50-day moving average price is $51.56 and its two-hundred day moving average price is $52.73.

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.