Skandinaviska Enskilda Banken AB publ Buys 137,300 Shares of Frontdoor, Inc. (NASDAQ:FTDR)
Skandinaviska Enskilda Banken AB publ increased its stake in Frontdoor, Inc. (NASDAQ:FTDR) by 99.9% during Q4, acquiring an additional 137,300 shares, bringing its total to 274,800 shares valued at $15,045,000. Other hedge funds also adjusted their positions in Frontdoor. Analyst ratings for FTDR show mixed opinions, with a consensus rating of "Hold" and a price target of $50.25. Frontdoor's stock is currently down 4.1%, trading at $37.20, with a market cap of $2.78 billion and a P/E ratio of 12.32.
Skandinaviska Enskilda Banken AB publ raised its position in Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 99.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 274,800 shares of the company's stock after buying an additional 137,300 shares during the period. Skandinaviska Enskilda Banken AB publ owned about 0.36% of Frontdoor worth $15,045,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently bought and sold shares of the company. Meeder Asset Management Inc. lifted its stake in shares of Frontdoor by 362.8% during the third quarter. Meeder Asset Management Inc. now owns 24,590 shares of the company's stock valued at $1,180,000 after acquiring an additional 19,277 shares during the period. Verition Fund Management LLC lifted its position in Frontdoor by 255.5% during the 3rd quarter. Verition Fund Management LLC now owns 21,757 shares of the company's stock valued at $1,044,000 after purchasing an additional 15,637 shares during the period. Atria Investments Inc acquired a new position in Frontdoor during the 3rd quarter valued at about $315,000. 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. Finally, Blue Trust Inc. grew its position in shares of Frontdoor by 315.3% during the 4th quarter. Blue Trust Inc. now owns 1,632 shares of the company's stock worth $89,000 after buying an additional 1,239 shares during the period.
Analyst Ratings Changes
FTDR has been the subject of several analyst reports. Truist Financial lifted their price target on shares of Frontdoor from $58.00 to $67.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. The Goldman Sachs Group lowered their price target on shares of Frontdoor from $46.00 to $40.00 and set a "sell" rating for the company in a research report on Monday, March 3rd. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $50.25.
Get Our Latest Research Report on Frontdoor
Frontdoor Stock Down 4.1 %
Frontdoor stock opened at $37.20 on Friday. The company's 50 day simple moving average is $54.74 and its 200 day simple moving average is $53.33. Frontdoor, Inc. has a fifty-two week low of $29.41 and a fifty-two week high of $63.49. The firm has a market capitalization of $2.78 billion, a price-to-earnings ratio of 12.32 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.
Frontdoor Profile
(Free Report)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.
Featured Stories
- Five stocks we like better than Frontdoor
- Dividend Capture Strategy: What You Need to Know
- 3 Undervalued Stocks You Can Buy at a Discount Now
- Manufacturing Stocks Investing
- AMD Stock: Can the PC Refresh Cycle Spark a Rally?
- What Does a Gap Up Mean in Stocks? How to Play the Gap
- Micron Stock Spikes 7%—3 Key Catalysts Behind the Move
Want to see what other hedge funds are holding FTDR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Frontdoor, Inc. (NASDAQ:FTDR - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Should You Invest $1,000 in Frontdoor Right Now?
Before you consider Frontdoor, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Frontdoor wasn't on the list.
While Frontdoor currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
