Advisors Preferred LLC Invests $1.06 Million in Frontdoor, Inc. (NASDAQ:FTDR)

Advisors Preferred LLC acquired a new stake in Frontdoor, Inc. (NASDAQ:FTDR) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 19,335 shares of the company’s stock, valued at approximately $1,060,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Exchange Traded Concepts LLC bought a new stake in shares of Frontdoor during the third quarter valued at approximately $27,000. V Square Quantitative Management LLC acquired a new stake in Frontdoor during the third quarter valued at approximately $31,000. USA Financial Formulas bought a new stake in shares of Frontdoor in the 4th quarter valued at approximately $60,000. TD Private Client Wealth LLC bought a new position in shares of Frontdoor during the 3rd quarter worth approximately $68,000. Finally, GAMMA Investing LLC raised its stake in Frontdoor by 89.6% during the third quarter. GAMMA Investing LLC now owns 1,667 shares of the company’s stock worth $80,000 after acquiring an additional 788 shares in the last quarter.

Wall Street Analyst Weigh In

Several brokerages have recently commented on FTDR. The Goldman Sachs Group boosted their target price on shares of Frontdoor from $41.00 to $46.00 and gave the company a “sell” rating in a research note on Tuesday, November 5th. Truist Financial raised their price target on shares of Frontdoor from $56.00 to $58.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. One 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 $49.50.

Frontdoor Stock Down 1.1 %

Shares of NASDAQ:FTDR opened at $58.92 on Friday. The company has a 50 day moving average of $57.63 and a 200-day moving average of $51.96. Frontdoor, Inc. has a one year low of $29.41 and a one year high of $63.49. The stock has a market cap of $4.47 billion, a price-to-earnings ratio of 19.51 and a beta of 1.08. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.42 and a quick ratio of 1.42.

Insider Activity

In other Frontdoor news, COO Evan Iverson sold 16,000 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was 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 of the company’s stock, valued at approximately $291,552.20. The trade was a 76.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Kathryn M. Collins sold 25,784 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $58.06, for a total value of $1,497,019.04. Following the completion of the transaction, the senior vice president now owns 9,429 shares of the company’s stock, valued at $547,447.74. This represents a 73.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by company insiders.

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.