Allspring Global Investments Holdings LLC lowered its position in Frontdoor, Inc. (NASDAQ:FTDR – Free Report) by 51.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 7,744 shares of the company’s stock after selling 8,262 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Frontdoor were worth $273,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of FTDR. Financial Management Professionals Inc. purchased a new stake in Frontdoor in the 4th quarter worth $49,000. Acadian Asset Management LLC purchased a new stake in Frontdoor in the 3rd quarter worth $88,000. CI Investments Inc. purchased a new stake in Frontdoor in the 3rd quarter worth $150,000. Janney Montgomery Scott LLC purchased a new stake in Frontdoor in the 3rd quarter worth $200,000. Finally, Pearl River Capital LLC purchased a new stake in Frontdoor in the 3rd quarter worth $203,000.
Frontdoor Stock Up 1.2 %
Shares of NASDAQ FTDR opened at $31.05 on Friday. The firm’s 50-day moving average price is $31.30 and its 200-day moving average price is $32.71. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 4.24. The stock has a market capitalization of $2.42 billion, a price-to-earnings ratio of 14.65 and a beta of 0.89. Frontdoor, Inc. has a 12-month low of $26.09 and a 12-month high of $38.97.
Analyst Upgrades and Downgrades
Separately, Wells Fargo & Company decreased their price target on shares of Frontdoor from $40.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $39.40.
Read Our Latest Stock Analysis on FTDR
About Frontdoor
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.
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