Edgestream Partners L.P. Increases Stock Holdings in Frontdoor, Inc. (NASDAQ:FTDR)

Edgestream Partners L.P. increased its holdings in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 462.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 76,836 shares of the company’s stock after buying an additional 63,171 shares during the quarter. Edgestream Partners L.P.’s holdings in Frontdoor were worth $4,201,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of FTDR. Raymond James Financial Inc. bought a new stake in shares of Frontdoor during the 4th quarter worth approximately $17,465,000. Castellan Group bought a new stake in shares of Frontdoor during the 3rd quarter worth approximately $5,881,000. Geode Capital Management LLC lifted its stake in shares of Frontdoor by 3.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,113,474 shares of the company’s stock worth $101,442,000 after acquiring an additional 74,542 shares during the last quarter. Eventide Asset Management LLC bought a new stake in shares of Frontdoor during the 3rd quarter worth approximately $2,942,000. Finally, Robeco Institutional Asset Management B.V. lifted its stake in shares of Frontdoor by 188.7% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 76,232 shares of the company’s stock worth $4,168,000 after acquiring an additional 49,823 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Truist Financial raised their price target on Frontdoor from $58.00 to $67.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. The Goldman Sachs Group decreased their price target on Frontdoor from $46.00 to $40.00 and set a “sell” rating for the company in a research note on Monday, March 3rd. 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. According to data from MarketBeat.com, Frontdoor has a consensus rating of “Hold” and an average price target of $50.25.

Frontdoor Trading Down 3.2 %

Shares of NASDAQ FTDR opened at $39.44 on Friday. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.16. The business has a fifty day simple moving average of $56.05 and a two-hundred day simple moving average of $53.54. The firm has a market cap of $2.95 billion, a PE ratio of 13.06 and a beta of 1.18. Frontdoor, Inc. has a twelve month low of $29.41 and a twelve month high of $63.49.

Insider Buying and Selling at Frontdoor

In other news, SVP Kathryn M. Collins sold 25,784 shares of the business’s stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 9,429 shares of the company’s stock, valued at approximately $547,447.74. The trade was a 73.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Evan Iverson sold 16,000 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $58.84, for a total value of $941,440.00. Following the completion of the transaction, the chief operating officer now directly owns 4,955 shares of the company’s stock, valued at approximately $291,552.20. The trade was a 76.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.89% of the stock is currently owned by corporate insiders.

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.