Pictet Asset Management Holding SA Has $594,000 Stock Position in Frontdoor, Inc. (NASDAQ:FTDR)

Pictet Asset Management Holding SA lifted its position in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 16.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 10,869 shares of the company’s stock after purchasing an additional 1,568 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Frontdoor were worth $594,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of FTDR. Raymond James Financial Inc. acquired a new stake in Frontdoor during the fourth quarter worth $17,465,000. Norges Bank bought a new position in shares of Frontdoor during the 4th quarter worth about $14,358,000. Skandinaviska Enskilda Banken AB publ boosted its position in shares of Frontdoor by 99.9% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 274,800 shares of the company’s stock valued at $15,045,000 after acquiring an additional 137,300 shares in the last quarter. Castellan Group acquired a new stake in shares of Frontdoor during the 3rd quarter valued at about $5,881,000. Finally, JPMorgan Chase & Co. increased its stake in Frontdoor by 44.5% in the fourth quarter. JPMorgan Chase & Co. now owns 306,947 shares of the company’s stock valued at $16,781,000 after acquiring an additional 94,482 shares during the period.

Frontdoor Stock Performance

NASDAQ FTDR opened at $37.35 on Wednesday. The firm has a market cap of $2.79 billion, a price-to-earnings ratio of 12.37 and a beta of 1.19. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.16. Frontdoor, Inc. has a 1-year low of $29.41 and a 1-year high of $63.49. The company has a 50 day moving average of $46.97 and a 200-day moving average of $51.93.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Truist Financial raised their price target on shares of Frontdoor from $58.00 to $67.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. The Goldman Sachs Group decreased their price target on Frontdoor from $46.00 to $40.00 and set a “sell” rating on the stock in a research note on Monday, March 3rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $50.25.

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.