Charles Schwab Investment Management Inc. Has $52.64 Million Stake in Frontdoor, Inc. (NASDAQ:FTDR)

Charles Schwab Investment Management Inc. trimmed its stake in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 5.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 962,841 shares of the company’s stock after selling 51,591 shares during the period. Charles Schwab Investment Management Inc. owned about 1.27% of Frontdoor worth $52,639,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in FTDR. USA Financial Formulas acquired a new stake in shares of Frontdoor during the fourth quarter worth $60,000. TD Private Client Wealth LLC acquired a new stake in Frontdoor in the 3rd quarter valued at $68,000. Blue Trust Inc. increased its stake in Frontdoor by 315.3% in the 4th quarter. Blue Trust Inc. now owns 1,632 shares of the company’s stock valued at $89,000 after buying an additional 1,239 shares during the last quarter. Nkcfo LLC acquired a new stake in Frontdoor in the 4th quarter valued at $96,000. Finally, GAMMA Investing LLC increased its stake in Frontdoor by 26.0% in the 4th quarter. GAMMA Investing LLC now owns 2,100 shares of the company’s stock valued at $115,000 after buying an additional 433 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on FTDR shares. The Goldman Sachs Group lowered their price target on shares of Frontdoor from $46.00 to $40.00 and set a “sell” rating on the stock in a research note on Monday, March 3rd. Truist Financial boosted 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 investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Frontdoor has a consensus rating of “Hold” and a consensus target price of $50.25.

Frontdoor Stock Performance

Shares of FTDR stock opened at $37.20 on Friday. The company has a market capitalization of $2.78 billion, a price-to-earnings ratio of 12.32 and a beta of 1.18. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.42 and a current ratio of 1.42. The company has a 50-day simple moving average of $54.74 and a 200 day simple moving average of $53.33. Frontdoor, Inc. has a 52 week low of $29.41 and a 52 week high of $63.49.

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.