Advisors Preferred LLC purchased a new stake in Frontdoor, Inc. (NASDAQ:FTDR - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 19,335 shares of the company's stock, valued at approximately $1,060,000.
Other institutional investors have also recently bought and sold shares of the company. Exchange Traded Concepts LLC acquired a new position in shares of Frontdoor in the third quarter worth about $27,000. V Square Quantitative Management LLC acquired a new position in Frontdoor in the 3rd quarter worth approximately $31,000. USA Financial Formulas purchased a new position in Frontdoor during the 4th quarter worth approximately $60,000. TD Private Client Wealth LLC acquired a new stake in Frontdoor during the 3rd quarter valued at $68,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Frontdoor by 89.6% in the third quarter. GAMMA Investing LLC now owns 1,667 shares of the company's stock valued at $80,000 after purchasing an additional 788 shares in the last quarter.
A number of research analysts have recently weighed in on the company. Truist Financial lifted their price target on Frontdoor from $56.00 to $58.00 and gave the company a "buy" rating in a report on Tuesday, November 5th. The Goldman Sachs Group lifted their target price on Frontdoor from $41.00 to $46.00 and gave the company a "sell" rating in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Frontdoor presently has an average rating of "Hold" and an average price target of $49.50.
Read Our Latest Research Report on FTDR
In related news, COO Evan Iverson sold 16,000 shares of the firm's 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 transaction, 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 position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Kathryn M. Collins sold 25,784 shares of Frontdoor stock in a transaction on Tuesday, December 10th. The stock was 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 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. Company insiders own 0.29% of the company's stock.
Shares of NASDAQ:FTDR opened at $58.92 on Friday. The business has a fifty day simple moving average of $57.63 and a 200 day simple moving average of $51.96. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.16. Frontdoor, Inc. has a 1 year low of $29.41 and a 1 year high of $63.49. The firm has a market cap of $4.47 billion, a price-to-earnings ratio of 19.51 and a beta of 1.08.
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.
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