Frontdoor, Inc. (NASDAQ:FTDR) Shares Bought by Blue Trust Inc.

Blue Trust Inc. lifted its position in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 332.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,701 shares of the company’s stock after buying an additional 1,308 shares during the quarter. Blue Trust Inc.’s holdings in Frontdoor were worth $93,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in FTDR. Geode Capital Management LLC increased its holdings in Frontdoor by 3.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,113,474 shares of the company’s stock valued at $101,442,000 after acquiring an additional 74,542 shares in the last quarter. Glenmede Trust Co. NA grew its position in shares of Frontdoor by 1.2% in the third quarter. Glenmede Trust Co. NA now owns 506,328 shares of the company’s stock valued at $24,299,000 after purchasing an additional 6,189 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of Frontdoor by 8.0% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 448,572 shares of the company’s stock valued at $21,527,000 after purchasing an additional 33,380 shares during the last quarter. Nordea Investment Management AB increased its stake in shares of Frontdoor by 4.6% during the 4th quarter. Nordea Investment Management AB now owns 263,387 shares of the company’s stock worth $14,544,000 after purchasing an additional 11,671 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its position in shares of Frontdoor by 84.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 184,408 shares of the company’s stock worth $8,850,000 after purchasing an additional 84,167 shares during the last quarter.

Frontdoor Stock Down 1.1 %

FTDR stock opened at $58.92 on Friday. The company has a 50 day moving average price of $57.63 and a two-hundred day moving average price of $51.96. 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 stock has a market capitalization of $4.47 billion, a P/E ratio of 19.51 and a beta of 1.08. Frontdoor, Inc. has a one year low of $29.41 and a one year high of $63.49.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Truist Financial increased their target price on Frontdoor from $56.00 to $58.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. The Goldman Sachs Group increased their price objective on Frontdoor from $41.00 to $46.00 and gave the company a “sell” rating in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $49.50.

Insider Transactions at Frontdoor

In related news, COO Evan Iverson sold 16,000 shares of the company’s 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 of the company’s stock, valued at approximately $291,552.20. This represents a 76.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Kathryn M. Collins sold 25,784 shares of the stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $58.06, for a total transaction of $1,497,019.04. Following the transaction, the senior vice president now directly owns 9,429 shares in the company, valued at approximately $547,447.74. This represents a 73.22 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.29% of the company’s stock.

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.