Barclays PLC Sells 147,524 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

Barclays PLC trimmed its holdings in Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 48.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 157,659 shares of the company's stock after selling 147,524 shares during the quarter. Barclays PLC owned 0.21% of Frontdoor worth $8,618,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Blue Trust Inc. boosted its holdings in Frontdoor by 315.3% during the fourth quarter. Blue Trust Inc. now owns 1,632 shares of the company's stock worth $89,000 after buying an additional 1,239 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new stake in shares of Frontdoor during the fourth quarter worth $467,000. Atria Investments Inc lifted its holdings in shares of Frontdoor by 4.9% during the fourth quarter. Atria Investments Inc now owns 6,894 shares of the company's stock valued at $377,000 after purchasing an additional 325 shares during the last quarter. Caprock Group LLC acquired a new position in shares of Frontdoor in the 4th quarter valued at $208,000. Finally, Patriot Financial Group Insurance Agency LLC acquired a new stake in Frontdoor during the 4th quarter worth about $222,000.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on FTDR. The Goldman Sachs Group lowered their price objective on Frontdoor from $46.00 to $40.00 and set a "sell" rating for the company in a research report on Monday, March 3rd. Truist Financial raised their price objective 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. Finally, JPMorgan Chase & Co. cut shares of Frontdoor from an "overweight" rating to a "neutral" rating and dropped their target price for the company from $58.00 to $40.00 in a research report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, Frontdoor has an average rating of "Hold" and a consensus target price of $46.50.

Frontdoor Trading Down 0.2 %

FTDR traded down $0.07 during mid-day trading on Tuesday, hitting $40.69. The stock had a trading volume of 66,970 shares, compared to its average volume of 731,911. 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, Inc. has a 1-year low of $30.57 and a 1-year high of $63.49. The stock's fifty day simple moving average is $41.21 and its 200-day simple moving average is $51.10. The firm has a market capitalization of $3.04 billion, a price-to-earnings ratio of 13.46 and a beta of 1.19.

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.