Empirical Asset Management LLC Invests $804,000 in Frontdoor Inc. $FTDR

Empirical Asset Management LLC purchased a new position in Frontdoor Inc. (NASDAQ:FTDR) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 11,942 shares of the company’s stock, valued at approximately $804,000.

A number of other large investors also recently bought and sold shares of FTDR. Hillsdale Investment Management Inc. grew its holdings in Frontdoor by 8.1% in the third quarter. Hillsdale Investment Management Inc. now owns 144,240 shares of the company’s stock worth $9,706,000 after purchasing an additional 10,800 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in shares of Frontdoor by 2.3% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 488,874 shares of the company’s stock worth $32,897,000 after purchasing an additional 10,938 shares in the last quarter. Beirne Wealth Consulting Services LLC bought a new stake in shares of Frontdoor in the 3rd quarter worth approximately $221,000. JPMorgan Chase & Co. grew its stake in shares of Frontdoor by 26.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 225,385 shares of the company’s stock worth $15,166,000 after buying an additional 47,587 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D raised its stake in Frontdoor by 3.4% during the third quarter. State of New Jersey Common Pension Fund D now owns 36,255 shares of the company’s stock valued at $2,440,000 after buying an additional 1,182 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts have commented on FTDR shares. Wall Street Zen downgraded Frontdoor from a “buy” rating to a “hold” rating in a report on Monday, November 24th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Frontdoor in a research note on Monday, December 29th. Finally, Truist Financial set a $71.00 price objective on shares of Frontdoor in a research note on Monday, January 26th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Frontdoor has a consensus rating of “Hold” and a consensus target price of $59.75.

Frontdoor Trading Up 1.3%

Frontdoor stock opened at $56.30 on Thursday. Frontdoor Inc. has a one year low of $35.61 and a one year high of $70.14. The business’s fifty day moving average is $58.09 and its 200 day moving average is $59.68. The stock has a market capitalization of $4.06 billion, a PE ratio of 16.04 and a beta of 1.34. The company has a debt-to-equity ratio of 3.64, a current ratio of 1.73 and a quick ratio of 1.73.

Frontdoor Company Profile

Frontdoor, Inc (NASDAQ:FTDR) is a leading provider of home service plans and repair solutions for residential property owners. The company offers contract-based coverage that helps homeowners manage the cost of repairing and replacing essential household systems and appliances, including heating and cooling, plumbing, electrical wiring, water heaters, washers, dryers, refrigerators and other major kitchen equipment.

Frontdoor delivers its services through a nationwide network of independent service professionals and contractors, leveraging a cloud-based platform and call center infrastructure to coordinate service visits and process claims.