Frontdoor, Inc. (NASDAQ:FTDR) Stock Holdings Lowered by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd cut its position in Frontdoor, Inc. (NASDAQ:FTDR) by 85.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,106 shares of the company’s stock after selling 46,138 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Frontdoor were worth $443,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Janus Henderson Group PLC raised its stake in Frontdoor by 43.1% during the 3rd quarter. Janus Henderson Group PLC now owns 90,542 shares of the company’s stock valued at $4,347,000 after acquiring an additional 27,280 shares in the last quarter. Orion Portfolio Solutions LLC bought a new stake in shares of Frontdoor during the third quarter valued at about $247,000. MML Investors Services LLC acquired a new stake in Frontdoor in the third quarter worth about $377,000. Geode Capital Management LLC grew 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 valued at $101,442,000 after buying an additional 74,542 shares in the last quarter. Finally, TD Private Client Wealth LLC acquired a new position in Frontdoor during the 3rd quarter valued at about $68,000.

Frontdoor Trading Down 2.3 %

Shares of NASDAQ:FTDR opened at $37.35 on Wednesday. Frontdoor, Inc. has a 1 year low of $29.41 and a 1 year high of $63.49. The firm has a fifty day moving average price of $46.97 and a 200 day moving average price of $51.93. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.16. The stock has a market capitalization of $2.79 billion, a PE ratio of 12.37 and a beta of 1.19.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. The Goldman Sachs Group dropped their target price on 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 Frontdoor from $58.00 to $67.00 and gave the company a “buy” rating in a report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Frontdoor presently has a consensus rating of “Hold” and an average price target of $50.25.

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.