New Age Alpha Advisors LLC Acquires Shares of 4,387 Frontdoor, Inc. (NASDAQ:FTDR)

New Age Alpha Advisors LLC bought a new position in Frontdoor, Inc. (NASDAQ:FTDR) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 4,387 shares of the company’s stock, valued at approximately $240,000.

Several other hedge funds also recently added to or reduced their stakes in FTDR. Vanguard Group Inc. lifted its holdings in Frontdoor by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 9,674,278 shares of the company’s stock valued at $528,893,000 after buying an additional 78,134 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of 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 acquiring an additional 74,542 shares in the last quarter. Jupiter Asset Management Ltd. boosted its holdings in shares of Frontdoor by 7.1% in the fourth quarter. Jupiter Asset Management Ltd. now owns 419,109 shares of the company’s stock valued at $22,913,000 after purchasing an additional 27,610 shares during the period. Principal Financial Group Inc. grew its stake in Frontdoor by 3.1% in the fourth quarter. Principal Financial Group Inc. now owns 399,821 shares of the company’s stock worth $21,858,000 after purchasing an additional 11,854 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Frontdoor during the 4th quarter worth $17,465,000.

Wall Street Analysts Forecast Growth

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

Frontdoor Trading Up 0.9 %

Shares of NASDAQ FTDR opened at $39.67 on Thursday. Frontdoor, Inc. has a 1-year low of $29.41 and a 1-year high of $63.49. The business has a fifty day moving average price of $49.23 and a 200 day moving average price of $52.32. The stock has a market capitalization of $2.97 billion, a P/E ratio of 13.14 and a beta of 1.18. 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 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.