Handelsbanken Fonder AB Cuts Stock Position in Frontdoor, Inc. (NASDAQ:FTDR)

Handelsbanken Fonder AB trimmed its position in Frontdoor, Inc. (NASDAQ:FTDR) by 16.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,600 shares of the company’s stock after selling 4,600 shares during the period. Handelsbanken Fonder AB’s holdings in Frontdoor were worth $1,290,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Creative Planning boosted its stake in Frontdoor by 21.5% in the 3rd quarter. Creative Planning now owns 19,061 shares of the company’s stock worth $915,000 after purchasing an additional 3,370 shares in the last quarter. Raymond James & Associates lifted its stake in shares of Frontdoor by 10.1% during the third quarter. Raymond James & Associates now owns 150,298 shares of the company’s stock worth $7,213,000 after buying an additional 13,824 shares during the period. Sequoia Financial Advisors LLC purchased a new stake in shares of Frontdoor during the third quarter valued at $224,000. DekaBank Deutsche Girozentrale increased its position in shares of Frontdoor by 11.3% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 12,804 shares of the company’s stock valued at $617,000 after acquiring an additional 1,300 shares during the period. Finally, New York State Teachers Retirement System raised its stake in Frontdoor by 16.8% in the 3rd quarter. New York State Teachers Retirement System now owns 41,084 shares of the company’s stock worth $1,972,000 after acquiring an additional 5,895 shares during the last quarter.

Frontdoor Price Performance

Shares of FTDR opened at $57.17 on Thursday. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.16. Frontdoor, Inc. has a fifty-two week low of $29.41 and a fifty-two week high of $63.49. The company has a market cap of $4.33 billion, a P/E ratio of 18.93 and a beta of 1.08. The firm’s 50 day moving average price is $57.64 and its 200 day moving average price is $53.73.

Insider Buying and Selling

In other news, SVP Kathryn M. Collins sold 25,784 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $58.06, for a total transaction of $1,497,019.04. Following the completion of the sale, the senior vice president now 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Evan Iverson sold 16,000 shares of Frontdoor stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $58.84, for a total value of $941,440.00. Following the sale, the chief operating officer now owns 4,955 shares in the company, valued at $291,552.20. This trade represents a 76.35 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.89% of the company’s stock.

Wall Street Analyst Weigh In

FTDR has been the subject of a number of recent research reports. Truist Financial raised their price target on shares of Frontdoor from $58.00 to $67.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. The Goldman Sachs Group increased their target price on Frontdoor from $41.00 to $46.00 and gave the company a “sell” rating in a research 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 stock. According to MarketBeat.com, Frontdoor presently has a consensus rating of “Hold” and a consensus target price of $51.75.

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.