Great Lakes Advisors LLC Reduces Holdings in Frontdoor, Inc. (NASDAQ:FTDR)

Great Lakes Advisors LLC decreased its holdings in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 2.2% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 266,344 shares of the company’s stock after selling 5,865 shares during the period. Great Lakes Advisors LLC’s holdings in Frontdoor were worth $14,561,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. USA Financial Formulas purchased a new stake in shares of Frontdoor during the fourth quarter worth about $60,000. TD Private Client Wealth LLC purchased a new stake in Frontdoor in the third quarter valued at approximately $68,000. Blue Trust Inc. boosted its position in Frontdoor by 315.3% in the fourth quarter. Blue Trust Inc. now owns 1,632 shares of the company’s stock valued at $89,000 after buying an additional 1,239 shares during the last quarter. Nkcfo LLC purchased a new stake in Frontdoor in the fourth quarter valued at approximately $96,000. Finally, GAMMA Investing LLC boosted its position in 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 last quarter.

Analyst Ratings Changes

A number of equities research analysts recently commented on FTDR shares. The Goldman Sachs Group dropped their target price on Frontdoor from $46.00 to $40.00 and set a “sell” rating on the stock in a research report on Monday, March 3rd. Truist Financial upped their target price on Frontdoor from $58.00 to $67.00 and gave the company a “buy” rating in a research report on Friday, February 14th. One 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 stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $50.25.

Frontdoor Trading Up 2.4 %

Shares of NASDAQ:FTDR opened at $38.81 on Thursday. Frontdoor, Inc. has a 12-month low of $29.41 and a 12-month high of $63.49. The company has a market capitalization of $2.90 billion, a PE ratio of 12.85 and a beta of 1.18. The business has a 50 day moving average of $55.06 and a two-hundred day moving average of $53.43. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.16.

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.