Edgestream Partners L.P. Raises Stock Holdings in Frontdoor, Inc. (NASDAQ:FTDR)

Edgestream Partners L.P. lifted its holdings in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 462.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,836 shares of the company’s stock after purchasing an additional 63,171 shares during the quarter. Edgestream Partners L.P. owned 0.10% of Frontdoor worth $4,201,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of FTDR. Raymond James Financial Inc. purchased a new position in shares of Frontdoor during the fourth quarter worth about $17,465,000. Castellan Group bought a new stake in Frontdoor in the 3rd quarter worth approximately $5,881,000. Geode Capital Management LLC lifted its position in Frontdoor by 3.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,113,474 shares of the company’s stock worth $101,442,000 after buying an additional 74,542 shares during the last quarter. Eventide Asset Management LLC bought a new stake in Frontdoor in the 3rd quarter worth approximately $2,942,000. Finally, Robeco Institutional Asset Management B.V. lifted its position in Frontdoor by 188.7% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 76,232 shares of the company’s stock worth $4,168,000 after buying an additional 49,823 shares during the last quarter.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. The Goldman Sachs Group dropped their target price on Frontdoor from $46.00 to $40.00 and set a “sell” rating for the company in a research report on Monday, March 3rd. Truist Financial upped their target price on Frontdoor from $58.00 to $67.00 and gave the company a “buy” rating in a report on Friday, February 14th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Frontdoor currently has a consensus rating of “Hold” and an average target price of $50.25.

Frontdoor Trading Down 3.2 %

NASDAQ FTDR opened at $39.44 on Friday. Frontdoor, Inc. has a 12 month low of $29.41 and a 12 month high of $63.49. The stock has a market cap of $2.95 billion, a P/E ratio of 13.06 and a beta of 1.18. The stock’s fifty day moving average price is $56.05 and its 200-day moving average price is $53.54. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.16.

Insider Transactions at Frontdoor

In other Frontdoor news, COO Evan Iverson sold 16,000 shares of the 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 transaction, the chief operating officer now owns 4,955 shares of the company’s stock, valued at approximately $291,552.20. This represents a 76.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Kathryn M. Collins sold 25,784 shares of the firm’s stock in a transaction dated 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 in the company, valued at $547,447.74. This trade represents a 73.22 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.89% of the company’s stock.

Frontdoor 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.