Xponance Inc. Purchases 557 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

Xponance Inc. grew its position in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 10.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 5,686 shares of the company’s stock after buying an additional 557 shares during the quarter. Xponance Inc.’s holdings in Frontdoor were worth $311,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of FTDR. Willis Investment Counsel grew its stake in shares of Frontdoor by 0.4% in the fourth quarter. Willis Investment Counsel now owns 46,753 shares of the company’s stock valued at $2,556,000 after acquiring an additional 185 shares in the last quarter. Parkside Financial Bank & Trust grew its position in shares of Frontdoor by 8.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,880 shares of the company’s stock worth $157,000 after purchasing an additional 221 shares in the last quarter. Atria Investments Inc increased its holdings in shares of Frontdoor by 4.9% during the fourth quarter. Atria Investments Inc now owns 6,894 shares of the company’s stock worth $377,000 after purchasing an additional 325 shares during the period. Pacer Advisors Inc. raised its position in shares of Frontdoor by 4.8% in the fourth quarter. Pacer Advisors Inc. now owns 7,854 shares of the company’s stock valued at $429,000 after buying an additional 357 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Frontdoor by 26.0% in the fourth quarter. GAMMA Investing LLC now owns 2,100 shares of the company’s stock valued at $115,000 after buying an additional 433 shares during the period.

Frontdoor Stock Up 0.8 %

NASDAQ FTDR opened at $38.04 on Friday. The business has a fifty day moving average price of $50.81 and a two-hundred day moving average price of $52.53. The stock has a market capitalization of $2.84 billion, a PE ratio of 12.60 and a beta of 1.18. Frontdoor, Inc. has a fifty-two week low of $29.41 and a fifty-two week high of $63.49. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.42 and a quick ratio of 1.42.

Wall Street Analyst Weigh In

A number of equities analysts have commented on FTDR shares. Truist Financial raised their price objective 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 decreased their price target on Frontdoor from $46.00 to $40.00 and set a “sell” rating on the stock in a research report on Monday, March 3rd. One research 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’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average 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.