Frontdoor, Inc. (NASDAQ:FTDR) Stock Position Lowered by Wakefield Asset Management LLLP

Wakefield Asset Management LLLP trimmed its position in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 23.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 19,368 shares of the company’s stock after selling 6,062 shares during the period. Wakefield Asset Management LLLP’s holdings in Frontdoor were worth $1,059,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in FTDR. USA Financial Formulas purchased a new position in shares of Frontdoor during the fourth quarter valued at $60,000. TD Private Client Wealth LLC acquired a new stake in Frontdoor during the 3rd quarter worth about $68,000. Blue Trust Inc. grew its stake in Frontdoor by 315.3% during the 4th quarter. Blue Trust Inc. now owns 1,632 shares of the company’s stock valued at $89,000 after acquiring an additional 1,239 shares in the last quarter. Nkcfo LLC purchased a new position in Frontdoor during the 4th quarter valued at about $96,000. Finally, GAMMA Investing LLC lifted its position in shares of Frontdoor by 26.0% in the fourth quarter. GAMMA Investing LLC now owns 2,100 shares of the company’s stock worth $115,000 after purchasing an additional 433 shares in the last quarter.

Insider Activity

In other news, SVP Kathryn M. Collins sold 25,784 shares of the company’s stock in a transaction dated 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 completion of the sale, the senior vice president now owns 9,429 shares in the company, valued at approximately $547,447.74. This represents a 73.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Evan Iverson sold 16,000 shares of the firm’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 value of $941,440.00. Following the completion of the transaction, the chief operating officer now directly owns 4,955 shares in the company, valued at $291,552.20. The trade was a 76.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.89% of the stock is owned by insiders.

Analysts Set New Price Targets

FTDR has been the topic of several research reports. Truist Financial upped their price objective on shares of Frontdoor from $58.00 to $67.00 and gave the company a “buy” rating in a research note on Friday, February 14th. The Goldman Sachs Group upped their price target on shares of Frontdoor from $41.00 to $46.00 and gave the stock a “sell” rating in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $51.75.

Frontdoor Price Performance

Shares of FTDR opened at $46.09 on Friday. 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 firm has a market cap of $3.49 billion, a PE ratio of 15.26 and a beta of 1.08. Frontdoor, Inc. has a twelve month low of $29.41 and a twelve month high of $63.49. The firm’s 50 day moving average price is $57.46 and its 200 day moving average price is $53.67.

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.