Commonwealth Equity Services LLC Decreases Stock Position in Frontdoor, Inc. (NASDAQ:FTDR)

Commonwealth Equity Services LLC decreased its holdings in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 15.6% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 7,515 shares of the company’s stock after selling 1,391 shares during the period. Commonwealth Equity Services LLC’s holdings in Frontdoor were worth $411,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of FTDR. Skandinaviska Enskilda Banken AB publ increased its stake in Frontdoor by 99.9% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 274,800 shares of the company’s stock valued at $15,045,000 after purchasing an additional 137,300 shares in the last quarter. Jupiter Asset Management Ltd. increased its position in shares of Frontdoor by 7.1% in the 4th quarter. Jupiter Asset Management Ltd. now owns 419,109 shares of the company’s stock valued at $22,913,000 after acquiring an additional 27,610 shares during the period. HighTower Advisors LLC purchased a new position in Frontdoor in the 4th quarter worth $221,000. Edgestream Partners L.P. lifted its position in Frontdoor by 462.3% during the 4th quarter. Edgestream Partners L.P. now owns 76,836 shares of the company’s stock worth $4,201,000 after acquiring an additional 63,171 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in Frontdoor during the 4th quarter valued at about $17,465,000.

Frontdoor Stock Up 1.2 %

Shares of FTDR opened at $37.96 on Monday. The company has a market capitalization of $2.83 billion, a price-to-earnings ratio of 12.57 and a beta of 1.19. Frontdoor, Inc. has a 52 week low of $29.41 and a 52 week high of $63.49. The stock’s 50-day moving average price is $48.41 and its 200-day moving average price is $52.19. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.16.

Analyst Upgrades and Downgrades

FTDR has been the subject of a number of research reports. Truist Financial lifted their target price on Frontdoor from $58.00 to $67.00 and gave the stock a “buy” rating in a report on Friday, February 14th. The Goldman Sachs Group reduced their price target on shares of Frontdoor from $46.00 to $40.00 and set a “sell” rating for the company in a research report on Monday, March 3rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $50.25.

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.