Jackson Creek Investment Advisors LLC Reduces Position in Frontdoor, Inc. (NASDAQ:FTDR)

Jackson Creek Investment Advisors LLC lessened its holdings in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 3.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,384 shares of the company’s stock after selling 1,039 shares during the quarter. Frontdoor comprises approximately 0.5% of Jackson Creek Investment Advisors LLC’s portfolio, making the stock its 28th biggest holding. Jackson Creek Investment Advisors LLC’s holdings in Frontdoor were worth $1,825,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Raymond James Financial Inc. bought a new position in Frontdoor in the 4th quarter worth approximately $17,465,000. Castellan Group purchased a new stake in shares of Frontdoor during the third quarter worth $5,881,000. Geode Capital Management LLC lifted its position in shares of 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 acquiring an additional 74,542 shares in the last quarter. Eventide Asset Management LLC bought a new position in shares of Frontdoor in the third quarter worth $2,942,000. Finally, Robeco Institutional Asset Management B.V. grew its position in shares of Frontdoor by 188.7% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 76,232 shares of the company’s stock valued at $4,168,000 after purchasing an additional 49,823 shares in the last quarter.

Insider Transactions at Frontdoor

In other Frontdoor news, COO Evan Iverson sold 16,000 shares of Frontdoor stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $58.84, for a total transaction of $941,440.00. Following the completion of the sale, the chief operating officer now directly owns 4,955 shares in the company, valued at $291,552.20. The trade was a 76.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Kathryn M. Collins sold 25,784 shares of the business’s stock in a transaction that occurred 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 directly owns 9,429 shares of the company’s stock, valued at approximately $547,447.74. This represents a 73.22 % decrease in their position. The disclosure for this sale can be found here. 0.89% of the stock is owned by insiders.

Frontdoor Price Performance

Frontdoor stock opened at $40.73 on Friday. The business has a 50-day simple moving average of $56.37 and a 200 day simple moving average of $53.63. Frontdoor, Inc. has a 52 week low of $29.41 and a 52 week high of $63.49. The stock has a market cap of $3.04 billion, a price-to-earnings ratio of 13.49 and a beta of 1.18. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.16.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Truist Financial raised their target price on Frontdoor from $58.00 to $67.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. The Goldman Sachs Group cut their price objective on shares of Frontdoor from $46.00 to $40.00 and set a “sell” rating for the company in a research report on Monday. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target 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.