Frontdoor, Inc. (NASDAQ:FTDR) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its stake in shares of Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 44.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 306,947 shares of the company's stock after purchasing an additional 94,482 shares during the period. JPMorgan Chase & Co. owned approximately 0.40% of Frontdoor worth $16,781,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Frontdoor by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 9,674,278 shares of the company's stock worth $528,893,000 after buying an additional 78,134 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Frontdoor by 3.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,113,474 shares of the company's stock worth $101,442,000 after purchasing an additional 74,542 shares during the last quarter. Jupiter Asset Management Ltd. boosted its stake in Frontdoor by 7.1% in the fourth quarter. Jupiter Asset Management Ltd. now owns 419,109 shares of the company's stock worth $22,913,000 after purchasing an additional 27,610 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Frontdoor by 3.1% during the fourth quarter. Principal Financial Group Inc. now owns 399,821 shares of the company's stock valued at $21,858,000 after purchasing an additional 11,854 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in Frontdoor in the fourth quarter valued at about $17,465,000.

Frontdoor Stock Performance

NASDAQ:FTDR traded up $0.02 during mid-day trading on Thursday, hitting $39.08. 188,525 shares of the company traded hands, compared to its average volume of 728,518. The firm has a market cap of $2.92 billion, a price-to-earnings ratio of 12.97 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. The stock's fifty day moving average price is $44.16 and its 200-day moving average price is $51.48. Frontdoor, Inc. has a one year low of $29.41 and a one year high of $63.49.

Analyst Upgrades and Downgrades

FTDR has been the subject of a number of research analyst reports. Truist Financial boosted their target price on Frontdoor from $58.00 to $67.00 and gave the company a "buy" rating in a research note on Friday, February 14th. The Goldman Sachs Group dropped their price target 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. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Frontdoor has an average rating of "Hold" and a consensus 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.