Canada Pension Plan Investment Board Sells 50,600 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

Canada Pension Plan Investment Board decreased its stake in shares of Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 46.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,700 shares of the company's stock after selling 50,600 shares during the period. Canada Pension Plan Investment Board owned 0.08% of Frontdoor worth $3,154,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bessemer Group Inc. lifted its position in Frontdoor by 514.7% during the 4th quarter. Bessemer Group Inc. now owns 627 shares of the company's stock worth $34,000 after buying an additional 525 shares in the last quarter. USA Financial Formulas acquired a new position in Frontdoor during the 4th quarter valued at about $60,000. TD Private Client Wealth LLC lifted its position in 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 period. Blue Trust Inc. lifted its position in Frontdoor by 315.3% during the 4th quarter. Blue Trust Inc. now owns 1,632 shares of the company's stock valued at $89,000 after purchasing an additional 1,239 shares during the period. Finally, Nkcfo LLC acquired a new position in Frontdoor during the 4th quarter valued at about $96,000.

Frontdoor Trading Down 0.8 %

Shares of FTDR stock traded down $0.31 on Monday, reaching $40.75. The company had a trading volume of 674,397 shares, compared to its average volume of 734,493. The company has a 50-day moving average of $41.21 and a 200-day moving average of $51.10. Frontdoor, Inc. has a 12 month low of $30.57 and a 12 month high of $63.49. 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 cap of $3.04 billion, a PE ratio of 13.49 and a beta of 1.19.

Wall Street Analysts Forecast Growth

FTDR has been the topic of a number of research reports. The Goldman Sachs Group cut their target price 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 upped their price target on 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 Frontdoor from an "overweight" rating to a "neutral" rating and lowered their price target for the company from $58.00 to $40.00 in a research note on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $46.50.

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.