Wells Fargo & Company MN Purchases 11,298 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

Wells Fargo & Company MN increased its stake in shares of Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 33.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 45,571 shares of the company's stock after buying an additional 11,298 shares during the period. Wells Fargo & Company MN owned about 0.06% of Frontdoor worth $2,491,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. USA Financial Formulas bought a new stake in shares of Frontdoor in the 4th quarter worth approximately $60,000. TD Private Client Wealth LLC increased its position in Frontdoor by 12.9% in the fourth quarter. TD Private Client Wealth LLC now owns 1,597 shares of the company's stock worth $87,000 after buying an additional 183 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Frontdoor by 315.3% in 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 period. Nkcfo LLC purchased a new position in shares of Frontdoor during the 4th quarter valued at $96,000. Finally, GAMMA Investing LLC increased its holdings in 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 acquiring an additional 433 shares during the last quarter.

Analysts Set New Price Targets

Several research firms have commented on FTDR. JPMorgan Chase & Co. downgraded shares of Frontdoor from an "overweight" rating to a "neutral" rating and dropped their price objective for the company from $58.00 to $40.00 in a report on Tuesday, April 22nd. Truist Financial raised their price objective on shares of Frontdoor from $58.00 to $67.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Finally, The Goldman Sachs Group lowered their target price on shares of Frontdoor from $46.00 to $40.00 and set a "sell" rating on the stock in a report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Frontdoor presently has an average rating of "Hold" and an average target price of $46.50.

Frontdoor Price Performance

Shares of NASDAQ FTDR traded down $0.07 during trading hours on Wednesday, reaching $41.11. 972,590 shares of the stock traded hands, compared to its average volume of 735,293. The company has a market capitalization of $3.07 billion, a P/E ratio of 13.61 and a beta of 1.19. The company's 50-day simple moving average is $40.54 and its two-hundred day simple moving average is $50.96. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.16. Frontdoor, Inc. has a 52-week low of $30.57 and a 52-week high of $63.49.

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.