Landscape Capital Management L.L.C. Takes $875,000 Position in Frontdoor, Inc. (NASDAQ:FTDR)

Landscape Capital Management L.L.C. bought a new position in shares of Frontdoor, Inc. (NASDAQ:FTDR) during the fourth quarter, Holdings Channel.com reports. The fund bought 16,002 shares of the company’s stock, valued at approximately $875,000.

Other large investors have also recently bought and sold shares of the company. Verition Fund Management LLC increased its holdings in shares of Frontdoor by 255.5% during the 3rd quarter. Verition Fund Management LLC now owns 21,757 shares of the company’s stock worth $1,044,000 after purchasing an additional 15,637 shares during the period. Blue Trust Inc. increased its stake 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 acquiring an additional 1,239 shares during the period. Geode Capital Management LLC raised its holdings in Frontdoor by 3.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,113,474 shares of the company’s stock valued at $101,442,000 after acquiring an additional 74,542 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new position in Frontdoor in the 4th quarter valued at approximately $467,000. Finally, Atria Investments Inc lifted its position in shares of Frontdoor by 4.9% in the 4th quarter. Atria Investments Inc now owns 6,894 shares of the company’s stock worth $377,000 after acquiring an additional 325 shares during the period.

Analysts Set New Price Targets

FTDR has been the subject of a number of recent research reports. Truist Financial upped 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 objective on shares of Frontdoor from $46.00 to $40.00 and set a “sell” rating for the company in a research note on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $50.25.

Frontdoor Stock Performance

Shares of NASDAQ:FTDR opened at $37.96 on Friday. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.42 and a quick ratio of 1.42. The business’s fifty day moving average price is $48.41 and its two-hundred day moving average price is $52.16. Frontdoor, Inc. has a fifty-two week low of $29.41 and a fifty-two week high of $63.49. The stock has a market capitalization of $2.83 billion, a price-to-earnings ratio of 12.57 and a beta of 1.19.

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.