Farther Finance Advisors LLC Reduces Stake in Frontdoor, Inc. (NASDAQ:FTDR)

Farther Finance Advisors LLC lessened its stake in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 24.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,056 shares of the company’s stock after selling 2,578 shares during the quarter. Farther Finance Advisors LLC’s holdings in Frontdoor were worth $440,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in FTDR. Atria Investments Inc purchased a new position in Frontdoor during the third quarter valued at approximately $315,000. Natixis Advisors LLC boosted its holdings in Frontdoor by 13.3% in the 3rd quarter. Natixis Advisors LLC now owns 17,213 shares of the company’s stock valued at $826,000 after purchasing an additional 2,023 shares during the period. Quest Partners LLC grew its position in shares of Frontdoor by 2.2% during the 3rd quarter. Quest Partners LLC now owns 32,488 shares of the company’s stock valued at $1,559,000 after purchasing an additional 707 shares in the last quarter. Meeder Asset Management Inc. increased its holdings in shares of Frontdoor by 362.8% in the third quarter. Meeder Asset Management Inc. now owns 24,590 shares of the company’s stock worth $1,180,000 after purchasing an additional 19,277 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Frontdoor by 10.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 174,685 shares of the company’s stock worth $8,383,000 after buying an additional 17,166 shares in the last quarter.

Analyst Upgrades and Downgrades

FTDR has been the topic of a number of research analyst reports. The Goldman Sachs Group decreased their target price on Frontdoor from $46.00 to $40.00 and set a “sell” rating on the stock in a research note on Monday, March 3rd. Truist Financial raised their target price on shares of Frontdoor from $58.00 to $67.00 and gave the company a “buy” rating in a research note 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 issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $50.25.

Frontdoor Price Performance

Shares of Frontdoor stock opened at $38.40 on Monday. The business’s 50-day moving average price is $54.06 and its 200-day moving average price is $53.22. The firm has a market capitalization of $2.87 billion, a PE ratio of 12.72 and a beta of 1.18. Frontdoor, Inc. has a 12 month low of $29.41 and a 12 month high of $63.49. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.16.

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.