Teacher Retirement System of Texas Purchases 3,944 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

Teacher Retirement System of Texas raised its position in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 1.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 230,986 shares of the company’s stock after acquiring an additional 3,944 shares during the quarter. Teacher Retirement System of Texas’ holdings in Frontdoor were worth $12,628,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Verition Fund Management LLC boosted its position in Frontdoor by 255.5% during the third quarter. Verition Fund Management LLC now owns 21,757 shares of the company’s stock valued at $1,044,000 after acquiring an additional 15,637 shares during the last quarter. Atria Investments Inc bought a new stake in Frontdoor during the third quarter valued at $315,000. Geode Capital Management LLC boosted 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 acquiring an additional 74,542 shares during the last quarter. Blue Trust Inc. boosted its position in Frontdoor by 315.3% during the fourth 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 during the last quarter. Finally, Oppenheimer & Co. Inc. bought a new stake in Frontdoor during the fourth quarter valued at $467,000.

Frontdoor Price Performance

Shares of NASDAQ FTDR opened at $38.09 on Friday. The firm’s 50-day moving average price is $52.25 and its 200-day moving average price is $52.79. Frontdoor, Inc. has a 1-year low of $29.41 and a 1-year high of $63.49. The firm has a market capitalization of $2.85 billion, a P/E ratio of 12.61 and a beta of 1.18. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.16.

Analysts Set New Price Targets

FTDR has been the topic of several research reports. The Goldman Sachs Group dropped their price objective on shares of Frontdoor from $46.00 to $40.00 and set a “sell” rating on the stock in a report on Monday, March 3rd. 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 report on Friday, February 14th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $50.25.

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.