Frontdoor, Inc. (NASDAQ:FTDR) Stake Lessened by Prudential Financial Inc.

Prudential Financial Inc. decreased its holdings in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 10.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 607,993 shares of the company’s stock after selling 70,109 shares during the quarter. Prudential Financial Inc. owned 0.80% of Frontdoor worth $33,239,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of FTDR. Vanguard Group Inc. grew its stake in Frontdoor by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 9,674,278 shares of the company’s stock valued at $528,893,000 after acquiring an additional 78,134 shares in the last quarter. LPL Financial LLC acquired a new position in Frontdoor in the 4th quarter valued at approximately $336,000. KLP Kapitalforvaltning AS acquired a new position in Frontdoor in the 4th quarter valued at approximately $1,831,000. Hillsdale Investment Management Inc. boosted its stake in shares of Frontdoor by 0.7% during the 4th quarter. Hillsdale Investment Management Inc. now owns 112,160 shares of the company’s stock valued at $6,132,000 after buying an additional 750 shares during the period. Finally, TD Private Client Wealth LLC boosted its stake 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 buying an additional 183 shares during the period.

Frontdoor Price Performance

NASDAQ FTDR opened at $38.00 on Wednesday. Frontdoor, Inc. has a fifty-two week low of $29.41 and a fifty-two week high of $63.49. The stock’s 50-day moving average is $51.56 and its two-hundred day moving average is $52.73. The firm has a market cap of $2.84 billion, a P/E ratio of 12.58 and a beta of 1.18. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.42 and a quick ratio of 1.42.

Wall Street Analysts Forecast Growth

FTDR has been the subject of a number of research reports. Truist Financial lifted their price objective on Frontdoor from $58.00 to $67.00 and gave the company a “buy” rating in a research report on Friday, February 14th. The Goldman Sachs Group reduced their price target on Frontdoor from $46.00 to $40.00 and set a “sell” rating for the company in a report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average 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.