Jupiter Asset Management Ltd. Has $22.91 Million Position in Frontdoor, Inc. (NASDAQ:FTDR)

Jupiter Asset Management Ltd. increased its holdings in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 7.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 419,109 shares of the company’s stock after purchasing an additional 27,610 shares during the period. Jupiter Asset Management Ltd.’s holdings in Frontdoor were worth $22,913,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. USA Financial Formulas bought a new position in Frontdoor in the fourth quarter valued at approximately $60,000. TD Private Client Wealth LLC acquired a new stake in shares of Frontdoor during the third quarter worth $68,000. Blue Trust Inc. lifted its position in 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 acquiring an additional 1,239 shares in the last quarter. Nkcfo LLC acquired a new position in Frontdoor in the 4th quarter worth $96,000. Finally, GAMMA Investing LLC increased its holdings in Frontdoor by 26.0% during the 4th quarter. GAMMA Investing LLC now owns 2,100 shares of the company’s stock worth $115,000 after purchasing an additional 433 shares in the last quarter.

Frontdoor Trading Up 2.4 %

Frontdoor stock opened at $38.81 on Thursday. The company has a market cap of $2.90 billion, a price-to-earnings ratio of 12.85 and a beta of 1.18. The firm has a 50-day moving average of $55.06 and a 200-day moving average of $53.43. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.42 and a quick ratio of 1.42. Frontdoor, Inc. has a one year low of $29.41 and a one year high of $63.49.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on FTDR. The Goldman Sachs Group cut their price target 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 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 assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $50.25.

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.