Skandinaviska Enskilda Banken AB publ Sells 53,900 Shares of Frontdoor Inc. $FTDR

Skandinaviska Enskilda Banken AB publ lessened its holdings in Frontdoor Inc. (NASDAQ:FTDR) by 42.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 71,700 shares of the company’s stock after selling 53,900 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Frontdoor were worth $4,825,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Broad Bay Capital Management LP purchased a new stake in shares of Frontdoor during the 2nd quarter valued at about $46,886,000. Fiera Capital Corp increased its stake in Frontdoor by 2.1% during the second quarter. Fiera Capital Corp now owns 744,718 shares of the company’s stock worth $43,894,000 after acquiring an additional 15,295 shares during the last quarter. Bank of America Corp DE raised its position in Frontdoor by 4.7% during the second quarter. Bank of America Corp DE now owns 699,289 shares of the company’s stock valued at $41,216,000 after purchasing an additional 31,087 shares during the period. Fort Washington Investment Advisors Inc. OH raised its position in Frontdoor by 18.4% during the third quarter. Fort Washington Investment Advisors Inc. OH now owns 627,791 shares of the company’s stock valued at $42,244,000 after purchasing an additional 97,565 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of Frontdoor by 0.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 530,518 shares of the company’s stock valued at $31,269,000 after purchasing an additional 4,265 shares during the last quarter.

Frontdoor Price Performance

Shares of FTDR stock opened at $55.43 on Friday. The company has a market capitalization of $4.00 billion, a P/E ratio of 15.79 and a beta of 1.34. The company’s 50-day simple moving average is $58.07 and its two-hundred day simple moving average is $59.68. Frontdoor Inc. has a one year low of $35.61 and a one year high of $70.14. The company has a debt-to-equity ratio of 3.64, a current ratio of 1.73 and a quick ratio of 1.73.

Analyst Ratings Changes

FTDR has been the subject of a number of analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Frontdoor in a research report on Monday, December 29th. Wall Street Zen cut shares of Frontdoor from a “buy” rating to a “hold” rating in a research note on Monday, November 24th. Finally, Truist Financial set a $71.00 price objective on shares of Frontdoor in a research report on Monday, January 26th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Frontdoor currently has an average rating of “Hold” and an average target price of $59.75.

Frontdoor Company Profile

Frontdoor, Inc (NASDAQ:FTDR) is a leading provider of home service plans and repair solutions for residential property owners. The company offers contract-based coverage that helps homeowners manage the cost of repairing and replacing essential household systems and appliances, including heating and cooling, plumbing, electrical wiring, water heaters, washers, dryers, refrigerators and other major kitchen equipment.

Frontdoor delivers its services through a nationwide network of independent service professionals and contractors, leveraging a cloud-based platform and call center infrastructure to coordinate service visits and process claims.