State of Alaska Department of Revenue Has $2.36 Million Stock Holdings in Frontdoor, Inc. (NASDAQ:FTDR)

State of Alaska Department of Revenue decreased its holdings in Frontdoor, Inc. (NASDAQ:FTDR) by 1.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 43,093 shares of the company’s stock after selling 568 shares during the quarter. State of Alaska Department of Revenue owned 0.06% of Frontdoor worth $2,355,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in FTDR. Creative Planning raised its stake in shares of Frontdoor by 7.1% in the 2nd quarter. Creative Planning now owns 15,691 shares of the company’s stock valued at $530,000 after buying an additional 1,040 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Frontdoor by 89.6% during the 3rd quarter. GAMMA Investing LLC now owns 1,667 shares of the company’s stock worth $80,000 after purchasing an additional 788 shares in the last quarter. CWM LLC increased its position in shares of Frontdoor by 15.8% during the 3rd quarter. CWM LLC now owns 2,695 shares of the company’s stock worth $129,000 after purchasing an additional 367 shares in the last quarter. Exchange Traded Concepts LLC acquired a new stake in shares of Frontdoor during the 3rd quarter worth about $27,000. Finally, Willis Investment Counsel increased its position in shares of Frontdoor by 4.4% during the 3rd quarter. Willis Investment Counsel now owns 46,568 shares of the company’s stock worth $2,235,000 after purchasing an additional 1,970 shares in the last quarter.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on FTDR shares. The Goldman Sachs Group increased their target price on shares of Frontdoor from $41.00 to $46.00 and gave the stock a “sell” rating in a research report on Tuesday, November 5th. Truist Financial increased their target price on shares of Frontdoor from $56.00 to $58.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Frontdoor presently has an average rating of “Hold” and a consensus price target of $49.50.

Frontdoor Trading Down 1.8 %

FTDR opened at $57.85 on Tuesday. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.16. The stock has a market capitalization of $4.39 billion, a PE ratio of 19.16 and a beta of 1.08. Frontdoor, Inc. has a 1-year low of $29.41 and a 1-year high of $63.49. The firm has a 50-day moving average price of $57.63 and a two-hundred day moving average price of $52.47.

Insider Buying and Selling at Frontdoor

In other Frontdoor news, SVP Kathryn M. Collins sold 25,784 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $58.06, for a total value 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. This trade represents a 73.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Evan Iverson sold 16,000 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were 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 owns 4,955 shares of the company’s stock, valued at $291,552.20. The trade was a 76.35 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.29% of the company’s stock.

Frontdoor Company 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.