BI Asset Management Fondsmaeglerselskab A S Lowers Position in Frontdoor, Inc. (NASDAQ:FTDR)

BI Asset Management Fondsmaeglerselskab A S cut its holdings in shares of Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 65.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,498 shares of the company's stock after selling 85,682 shares during the period. BI Asset Management Fondsmaeglerselskab A S owned approximately 0.06% of Frontdoor worth $2,487,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Bessemer Group Inc. grew its stake in shares of Frontdoor by 514.7% in the fourth quarter. Bessemer Group Inc. now owns 627 shares of the company's stock worth $34,000 after acquiring an additional 525 shares during the period. USA Financial Formulas purchased a new stake in Frontdoor during the fourth quarter valued at $60,000. TD Private Client Wealth LLC increased its position in shares of Frontdoor by 12.9% during the 4th quarter. TD Private Client Wealth LLC now owns 1,597 shares of the company's stock valued at $87,000 after purchasing an additional 183 shares during the last quarter. Blue Trust Inc. increased its holdings in Frontdoor by 315.3% during the fourth 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. Finally, Nkcfo LLC bought a new position in Frontdoor in the fourth quarter worth approximately $96,000.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on FTDR shares. The Goldman Sachs Group cut their price objective on shares of 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 upped their price target on Frontdoor from $58.00 to $67.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Finally, JPMorgan Chase & Co. downgraded Frontdoor from an "overweight" rating to a "neutral" rating and cut their price objective for the company from $58.00 to $40.00 in a research note on Tuesday. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $46.50.

Frontdoor Price Performance

FTDR stock traded up $0.58 during trading on Friday, reaching $41.06. The company's stock had a trading volume of 443,022 shares, compared to its average volume of 735,031. The company's fifty day moving average is $41.56 and its 200-day moving average is $51.12. Frontdoor, Inc. has a 1 year low of $30.31 and a 1 year high of $63.49. The company has a market capitalization of $3.06 billion, a P/E ratio of 13.60 and a beta of 1.19. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.16.

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.