Frontdoor, Inc. (NASDAQ:FTDR) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System cut its position in Frontdoor, Inc. (NASDAQ:FTDR) by 0.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,700 shares of the company’s stock after selling 300 shares during the period. Louisiana State Employees Retirement System’s holdings in Frontdoor were worth $2,006,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. CWM LLC raised its stake in Frontdoor by 15.8% in the third quarter. CWM LLC now owns 2,695 shares of the company’s stock valued at $129,000 after buying an additional 367 shares in the last quarter. Exchange Traded Concepts LLC acquired a new stake in shares of Frontdoor during the 3rd quarter worth about $27,000. Creative Planning boosted its holdings in Frontdoor by 21.5% in the third quarter. Creative Planning now owns 19,061 shares of the company’s stock valued at $915,000 after purchasing an additional 3,370 shares in the last quarter. nVerses Capital LLC increased its stake in Frontdoor by 31.6% in the third quarter. nVerses Capital LLC now owns 5,000 shares of the company’s stock valued at $240,000 after purchasing an additional 1,200 shares during the last quarter. Finally, V Square Quantitative Management LLC purchased a new position in Frontdoor in the third quarter valued at approximately $31,000.

Frontdoor Stock Up 1.0 %

Shares of NASDAQ:FTDR opened at $59.46 on Friday. The firm has a 50 day simple moving average of $57.64 and a 200-day simple moving average of $52.83. The company has a market capitalization of $4.51 billion, a PE ratio of 19.69 and a beta of 1.08. Frontdoor, Inc. has a twelve month low of $29.41 and a twelve 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.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on FTDR shares. Truist Financial boosted their price objective on shares of Frontdoor from $58.00 to $67.00 and gave the stock a “buy” rating in a research report on Friday. The Goldman Sachs Group boosted their price objective on shares of Frontdoor from $41.00 to $46.00 and gave the stock a “sell” rating in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $51.75.

Insider Activity

In other news, SVP Kathryn M. Collins sold 25,784 shares of Frontdoor stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $58.06, for a total value of $1,497,019.04. Following the transaction, the senior vice president now directly owns 9,429 shares of the company’s stock, valued at $547,447.74. The trade was a 73.22 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Evan Iverson sold 16,000 shares of Frontdoor stock in a transaction 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 transaction, 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 disclosure for this sale can be found here. Corporate insiders own 0.29% of the company’s stock.

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.