Intech Investment Management LLC Has $2.72 Million Holdings in Frontdoor, Inc. (NASDAQ:FTDR)

Intech Investment Management LLC boosted its position in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 129.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,709 shares of the company’s stock after purchasing an additional 28,012 shares during the period. Intech Investment Management LLC’s holdings in Frontdoor were worth $2,718,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in shares of Frontdoor in the 4th quarter valued at about $17,465,000. Skandinaviska Enskilda Banken AB publ grew its holdings in Frontdoor by 99.9% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 274,800 shares of the company’s stock worth $15,045,000 after purchasing an additional 137,300 shares during the period. Castellan Group bought a new position in Frontdoor during the third quarter worth about $5,881,000. Geode Capital Management LLC grew its holdings in Frontdoor by 3.7% during the third quarter. Geode Capital Management LLC now owns 2,113,474 shares of the company’s stock worth $101,442,000 after purchasing an additional 74,542 shares during the period. Finally, Edgestream Partners L.P. grew its holdings in Frontdoor by 462.3% during the fourth quarter. Edgestream Partners L.P. now owns 76,836 shares of the company’s stock worth $4,201,000 after purchasing an additional 63,171 shares during the period.

Wall Street Analyst Weigh In

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

Frontdoor Trading Up 2.1 %

Shares of NASDAQ:FTDR opened at $37.84 on Thursday. 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 $2.83 billion, a PE ratio of 12.53 and a beta of 1.18. The business has a 50 day moving average of $52.98 and a 200-day moving average of $52.97. 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 Company 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.