Nkcfo LLC Takes $96,000 Position in Frontdoor, Inc. (NASDAQ:FTDR)

Nkcfo LLC purchased a new stake in Frontdoor, Inc. (NASDAQ:FTDR) in the fourth quarter, Holdings Channel.com reports. The firm purchased 1,760 shares of the company’s stock, valued at approximately $96,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. CWM LLC lifted its position in shares of Frontdoor by 15.8% during the third quarter. CWM LLC now owns 2,695 shares of the company’s stock worth $129,000 after purchasing an additional 367 shares in the last quarter. Exchange Traded Concepts LLC bought a new position in Frontdoor in the 3rd quarter worth approximately $27,000. Creative Planning lifted its holdings in Frontdoor by 21.5% during the 3rd quarter. Creative Planning now owns 19,061 shares of the company’s stock worth $915,000 after buying an additional 3,370 shares in the last quarter. nVerses Capital LLC boosted its position in Frontdoor by 31.6% in the 3rd quarter. nVerses Capital LLC now owns 5,000 shares of the company’s stock valued at $240,000 after buying an additional 1,200 shares during the last quarter. Finally, V Square Quantitative Management LLC acquired a new stake in shares of Frontdoor in the 3rd quarter valued at $31,000.

Frontdoor Stock Up 1.0 %

NASDAQ:FTDR opened at $59.46 on Friday. The stock’s fifty day simple moving average is $57.64 and its 200-day simple moving average is $52.92. The firm has a market capitalization of $4.51 billion, a P/E ratio of 19.69 and a beta of 1.08. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.16. Frontdoor, Inc. has a 12-month low of $29.41 and a 12-month high of $63.49.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on FTDR shares. Truist Financial upped their price target on Frontdoor from $58.00 to $67.00 and gave the company a “buy” rating in a research note on Friday. The Goldman Sachs Group upped their target price on shares of 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 given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $51.75.

Insiders Place Their Bets

In other Frontdoor news, COO Evan Iverson sold 16,000 shares of the 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 sale, the chief operating officer now directly owns 4,955 shares in the company, valued at approximately $291,552.20. This trade represents a 76.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Kathryn M. Collins sold 25,784 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $58.06, for a total transaction 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 $547,447.74. This trade represents a 73.22 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.29% of the company’s stock.

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.