Stratos Wealth Partners LTD. Sells 620 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

Stratos Wealth Partners LTD. reduced its stake in Frontdoor, Inc. (NASDAQ:FTDR) by 11.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 4,993 shares of the company’s stock after selling 620 shares during the period. Stratos Wealth Partners LTD.’s holdings in Frontdoor were worth $273,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Harbor Capital Advisors Inc. raised its position in shares of Frontdoor by 84.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 184,408 shares of the company’s stock worth $8,850,000 after acquiring an additional 84,167 shares in the last quarter. Meeder Asset Management Inc. grew its stake in shares of Frontdoor by 362.8% in the 3rd quarter. Meeder Asset Management Inc. now owns 24,590 shares of the company’s stock worth $1,180,000 after buying an additional 19,277 shares during the last quarter. Verition Fund Management LLC grew its stake in shares of Frontdoor by 255.5% in the 3rd quarter. Verition Fund Management LLC now owns 21,757 shares of the company’s stock worth $1,044,000 after buying an additional 15,637 shares during the last quarter. Atria Investments Inc bought a new position in Frontdoor during the 3rd quarter valued at approximately $315,000. Finally, Geode Capital Management LLC raised its stake in Frontdoor by 3.7% during the third quarter. Geode Capital Management LLC now owns 2,113,474 shares of the company’s stock valued at $101,442,000 after buying an additional 74,542 shares during the last quarter.

Wall Street Analyst Weigh In

A number of research firms have recently commented on FTDR. The Goldman Sachs Group increased their target price on Frontdoor from $41.00 to $46.00 and gave the stock a “sell” rating in a research note on Tuesday, November 5th. Truist Financial upped their price target on Frontdoor from $56.00 to $58.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. One 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. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $49.50.

Frontdoor Trading Up 1.9 %

Shares of FTDR stock opened at $58.86 on Friday. 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, Inc. has a 12-month low of $29.41 and a 12-month high of $63.49. The stock has a market capitalization of $4.46 billion, a P/E ratio of 19.49 and a beta of 1.08. The firm’s 50 day moving average is $57.62 and its 200 day moving average is $52.69.

Insider Activity

In related news, SVP Kathryn M. Collins sold 25,784 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $58.06, for a total transaction of $1,497,019.04. Following the completion of the transaction, the senior vice president now directly owns 9,429 shares in the company, valued at approximately $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 can be accessed through this link. Also, COO Evan Iverson sold 16,000 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $58.84, for a total transaction of $941,440.00. Following the completion of the sale, the chief operating officer now directly owns 4,955 shares of the company’s stock, valued at approximately $291,552.20. This trade represents a 76.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.