Invesco Ltd. Has $45.56 Million Stock Position in Frontdoor, Inc. (NASDAQ:FTDR)

Invesco Ltd. boosted its position in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 7.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 833,342 shares of the company’s stock after buying an additional 59,025 shares during the quarter. Invesco Ltd.’s holdings in Frontdoor were worth $45,559,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. USA Financial Formulas acquired a new stake in shares of Frontdoor during the 4th quarter worth approximately $60,000. TD Private Client Wealth LLC grew its holdings in Frontdoor by 12.9% during the 4th quarter. TD Private Client Wealth LLC now owns 1,597 shares of the company’s stock worth $87,000 after acquiring an additional 183 shares during the period. Blue Trust Inc. lifted its stake in shares of Frontdoor by 315.3% in the 4th quarter. Blue Trust Inc. now owns 1,632 shares of the company’s stock valued at $89,000 after purchasing an additional 1,239 shares during the period. Nkcfo LLC bought a new position in shares of Frontdoor in the 4th quarter worth $96,000. Finally, GAMMA Investing LLC grew its stake in shares of Frontdoor by 26.0% during the fourth quarter. GAMMA Investing LLC now owns 2,100 shares of the company’s stock worth $115,000 after purchasing an additional 433 shares during the period.

Frontdoor Stock Performance

FTDR stock opened at $40.05 on Wednesday. Frontdoor, Inc. has a 1-year low of $29.41 and a 1-year high of $63.49. The business’s 50-day moving average price is $44.55 and its two-hundred day moving average price is $51.56. The firm has a market cap of $2.99 billion, a PE ratio of 13.26 and a beta of 1.19. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.16.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. The Goldman Sachs Group reduced their target price on Frontdoor from $46.00 to $40.00 and set a “sell” rating on the stock in a report on Monday, March 3rd. Truist Financial lifted their price objective on shares of Frontdoor from $58.00 to $67.00 and gave the stock 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 given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $50.25.

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.