KLP Kapitalforvaltning AS Purchases New Shares in Frontdoor, Inc. (NASDAQ:FTDR)

KLP Kapitalforvaltning AS acquired a new position in Frontdoor, Inc. (NASDAQ:FTDR) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 33,500 shares of the company’s stock, valued at approximately $1,831,000.

A number of other institutional investors have also recently bought and sold shares of the business. TD Private Client Wealth LLC raised its position in shares of Frontdoor by 12.9% in the fourth 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 in the last quarter. Willis Investment Counsel raised its holdings in Frontdoor by 0.4% in the 4th quarter. Willis Investment Counsel now owns 46,753 shares of the company’s stock valued at $2,556,000 after acquiring an additional 185 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in shares of Frontdoor by 8.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,880 shares of the company’s stock valued at $157,000 after acquiring an additional 221 shares during the period. Atria Investments Inc grew its holdings in shares of Frontdoor by 4.9% during the 4th quarter. Atria Investments Inc now owns 6,894 shares of the company’s stock worth $377,000 after purchasing an additional 325 shares in the last quarter. Finally, Pacer Advisors Inc. grew its holdings in shares of Frontdoor by 4.8% during the 4th quarter. Pacer Advisors Inc. now owns 7,854 shares of the company’s stock worth $429,000 after purchasing an additional 357 shares in the last quarter.

Frontdoor Trading Up 0.8 %

Shares of FTDR opened at $38.04 on Friday. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.42 and a current ratio of 1.42. Frontdoor, Inc. has a 52-week low of $29.41 and a 52-week high of $63.49. The firm has a market cap of $2.84 billion, a price-to-earnings ratio of 12.60 and a beta of 1.18. The business’s fifty day moving average is $50.81 and its 200-day moving average is $52.53.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. The Goldman Sachs Group dropped their price target on Frontdoor from $46.00 to $40.00 and set a “sell” rating for the company in a research note on Monday, March 3rd. Truist Financial raised their target price on shares of Frontdoor from $58.00 to $67.00 and gave the company a “buy” rating in a report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Frontdoor currently has an average 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.