State of Alaska Department of Revenue Sells 568 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

State of Alaska Department of Revenue lessened its holdings in Frontdoor, Inc. (NASDAQ:FTDR) by 1.3% during the 4th quarter, Holdings Channel reports. The firm owned 43,093 shares of the company’s stock after selling 568 shares during the period. State of Alaska Department of Revenue’s holdings in Frontdoor were worth $2,355,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Geode Capital Management LLC boosted its stake 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 valued at $101,442,000 after purchasing an additional 74,542 shares during the last quarter. Glenmede Trust Co. NA boosted its stake in Frontdoor by 1.2% during the 3rd quarter. Glenmede Trust Co. NA now owns 506,328 shares of the company’s stock worth $24,299,000 after acquiring an additional 6,189 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in Frontdoor by 8.0% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 448,572 shares of the company’s stock worth $21,527,000 after acquiring an additional 33,380 shares during the last quarter. Nordea Investment Management AB boosted its stake in Frontdoor by 4.6% during the 4th quarter. Nordea Investment Management AB now owns 263,387 shares of the company’s stock worth $14,544,000 after acquiring an additional 11,671 shares during the last quarter. Finally, Harbor Capital Advisors Inc. boosted its stake in Frontdoor by 84.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 184,408 shares of the company’s stock worth $8,850,000 after acquiring an additional 84,167 shares during the last quarter.

Frontdoor Stock Performance

Shares of FTDR opened at $57.85 on Tuesday. 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 twelve month low of $29.41 and a twelve month high of $63.49. The firm’s 50 day moving average price is $57.63 and its two-hundred day moving average price is $52.47. The firm has a market cap of $4.39 billion, a P/E ratio of 19.16 and a beta of 1.08.

Insider Buying and Selling at Frontdoor

In other Frontdoor news, SVP Kathryn M. Collins sold 25,784 shares of Frontdoor stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $58.06, for a total value of $1,497,019.04. Following the transaction, the senior vice president now owns 9,429 shares of the company’s stock, valued at approximately $547,447.74. The trade was a 73.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Evan Iverson sold 16,000 shares of Frontdoor stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $58.84, for a total transaction of $941,440.00. Following the completion of the transaction, the chief operating officer now directly owns 4,955 shares in the company, valued at approximately $291,552.20. The trade was a 76.35 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.29% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on FTDR shares. The Goldman Sachs Group lifted their price objective on shares of Frontdoor from $41.00 to $46.00 and gave the stock a “sell” rating in a research note on Tuesday, November 5th. Truist Financial lifted their price objective on shares of Frontdoor from $56.00 to $58.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. 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. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $49.50.

Frontdoor Company 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.