Blackhawk Capital Partners LLC. Raises Stake in Frontdoor, Inc. (NASDAQ:FTDR)

Blackhawk Capital Partners LLC. increased its holdings in Frontdoor, Inc. (NASDAQ:FTDR) by 3.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,540 shares of the company’s stock after buying an additional 791 shares during the quarter. Blackhawk Capital Partners LLC.’s holdings in Frontdoor were worth $1,396,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of FTDR. USA Financial Formulas acquired a new stake in shares of Frontdoor in the fourth quarter worth $60,000. TD Private Client Wealth LLC purchased a new position in shares of Frontdoor during the 3rd quarter valued at about $68,000. Blue Trust Inc. grew its holdings in Frontdoor by 315.3% during the fourth quarter. Blue Trust Inc. now owns 1,632 shares of the company’s stock worth $89,000 after acquiring an additional 1,239 shares during the period. Nkcfo LLC purchased a new position in shares of Frontdoor during the 4th quarter valued at approximately $96,000. Finally, GAMMA Investing LLC raised 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 acquiring an additional 433 shares during the period.

Insider Buying and Selling at Frontdoor

In related news, SVP Kathryn M. Collins sold 25,784 shares of the stock in a transaction on Tuesday, December 10th. The stock was 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 directly owns 9,429 shares of the company’s stock, valued at approximately $547,447.74. This represents a 73.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Evan Iverson sold 16,000 shares of the firm’s stock in a transaction 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 owns 4,955 shares in the company, valued at $291,552.20. The trade was a 76.35 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.89% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Truist Financial raised their target price on Frontdoor from $58.00 to $67.00 and gave the company a “buy” rating in a research report on Friday, February 14th. The Goldman Sachs Group boosted their price objective on Frontdoor from $41.00 to $46.00 and gave the company a “sell” rating in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $51.75.

Frontdoor Trading Up 0.4 %

Shares of Frontdoor stock opened at $57.32 on Tuesday. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.16. Frontdoor, Inc. has a twelve month low of $29.41 and a twelve month high of $63.49. The firm has a market capitalization of $4.35 billion, a PE ratio of 18.98 and a beta of 1.08. The firm’s 50-day moving average price is $57.61 and its 200 day moving average price is $53.61.

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.