Neuberger Berman Group LLC Has $412,000 Stock Holdings in Frontdoor, Inc. (NASDAQ:FTDR)

Neuberger Berman Group LLC trimmed its position in Frontdoor, Inc. (NASDAQ:FTDR) by 35.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 7,532 shares of the company’s stock after selling 4,147 shares during the quarter. Neuberger Berman Group LLC’s holdings in Frontdoor were worth $412,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in Frontdoor in the fourth quarter valued at approximately $17,465,000. Norges Bank acquired a new stake in Frontdoor in the 4th quarter valued at $14,358,000. FIL Ltd increased its stake in Frontdoor by 8.3% during the 4th quarter. FIL Ltd now owns 2,410,561 shares of the company’s stock valued at $131,785,000 after purchasing an additional 184,051 shares in the last quarter. ExodusPoint Capital Management LP acquired a new position in Frontdoor during the fourth quarter worth $8,144,000. Finally, Skandinaviska Enskilda Banken AB publ lifted its stake in shares of Frontdoor by 99.9% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 274,800 shares of the company’s stock valued at $15,045,000 after buying an additional 137,300 shares in the last quarter.

Frontdoor Stock Up 0.8 %

FTDR opened at $39.92 on Friday. Frontdoor, Inc. has a fifty-two week low of $29.41 and a fifty-two week high of $63.49. The firm has a market capitalization of $2.98 billion, a P/E ratio of 13.22 and a beta of 1.19. The company’s 50-day moving average is $45.36 and its 200 day moving average is $51.68. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.42 and a quick ratio of 1.42.

Analysts Set New Price Targets

Several equities research analysts have recently commented on FTDR shares. Truist Financial boosted their target price on shares of Frontdoor from $58.00 to $67.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. The Goldman Sachs Group lowered their price objective on Frontdoor from $46.00 to $40.00 and set a “sell” rating for the company in a research note 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 given a buy rating to the stock. According to data from MarketBeat, Frontdoor presently has a consensus rating of “Hold” and a consensus target price of $50.25.

Frontdoor 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.