Alliancebernstein L.P. Raises Position in Frontdoor, Inc. (NASDAQ:FTDR)

Alliancebernstein L.P. grew its stake in shares of Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 98.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 173,281 shares of the company's stock after purchasing an additional 85,960 shares during the period. Alliancebernstein L.P. owned approximately 0.23% of Frontdoor worth $9,473,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FTDR. USA Financial Formulas bought a new stake in Frontdoor during the 4th quarter worth approximately $60,000. TD Private Client Wealth LLC bought a new stake in Frontdoor during the third quarter worth $68,000. Blue Trust Inc. raised 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 buying an additional 1,239 shares during the last quarter. Nkcfo LLC purchased a new position in Frontdoor during the 4th quarter worth $96,000. Finally, GAMMA Investing LLC boosted its stake in shares of Frontdoor by 26.0% in the 4th quarter. GAMMA Investing LLC now owns 2,100 shares of the company's stock worth $115,000 after buying an additional 433 shares during the last quarter.

Frontdoor Trading Down 0.7 %

FTDR traded down $0.29 during trading on Wednesday, hitting $39.77. 54,202 shares of the stock traded hands, compared to its average volume of 727,078. Frontdoor, Inc. has a 12-month low of $29.41 and a 12-month high of $63.49. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.42 and a quick ratio of 1.42. The firm has a 50-day moving average of $44.55 and a 200 day moving average of $51.56. The firm has a market capitalization of $2.97 billion, a P/E ratio of 13.17 and a beta of 1.19.

Wall Street Analyst Weigh In

FTDR has been the topic of several research reports. The Goldman Sachs Group lowered their price objective on shares of Frontdoor from $46.00 to $40.00 and set a "sell" rating on the stock in a research report on Monday, March 3rd. Truist Financial raised their target price on shares of Frontdoor from $58.00 to $67.00 and gave the company a "buy" rating in a research note on Friday, February 14th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Frontdoor presently has a consensus rating of "Hold" and an average target price of $50.25.

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.