HighTower Advisors LLC Takes $221,000 Position in Frontdoor, Inc. (NASDAQ:FTDR)

HighTower Advisors LLC purchased a new position in Frontdoor, Inc. (NASDAQ:FTDR – Free Report) during the fourth quarter, Holdings Channel.com reports. The fund purchased 4,047 shares of the company’s stock, valued at approximately $221,000.

A number of other large investors have also bought and sold shares of the company. Raymond James Financial Inc. bought a new position in Frontdoor during the fourth quarter valued at approximately $17,465,000. Castellan Group purchased a new position in shares of Frontdoor in the 3rd quarter worth $5,881,000. Geode Capital Management LLC grew its position in Frontdoor by 3.7% during the third quarter. Geode Capital Management LLC now owns 2,113,474 shares of the company’s stock valued at $101,442,000 after buying an additional 74,542 shares during the period. Edgestream Partners L.P. grew its holdings in Frontdoor by 462.3% during the fourth quarter. Edgestream Partners L.P. now owns 76,836 shares of the company’s stock valued at $4,201,000 after purchasing an additional 63,171 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in Frontdoor by 188.7% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 76,232 shares of the company’s stock valued at $4,168,000 after purchasing an additional 49,823 shares in the last quarter.

Analysts Set New Price Targets

FTDR has been the topic of a number of research analyst reports. The Goldman Sachs Group decreased their target price on Frontdoor from $46.00 to $40.00 and set a “sell” rating on the stock in a research report on Monday, March 3rd. Truist Financial raised their price target on Frontdoor from $58.00 to $67.00 and gave the company a “buy” rating in a research note on Friday, February 14th. 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, the stock has a consensus rating of “Hold” and an average price target of $50.25.

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Frontdoor Trading Down 5.5 %

Shares of NASDAQ:FTDR opened at $37.50 on Friday. The business’s 50-day moving average is $48.82 and its 200 day moving average is $52.21. The firm has a market capitalization of $2.80 billion, a P/E ratio of 12.42 and a beta of 1.19. Frontdoor, Inc. has a 1 year low of $29.41 and a 1 year high of $63.49. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.42 and a quick ratio of 1.42.

Frontdoor Profile

(Free Report)

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.