Barclays PLC reduced its stake in shares of Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 23.3% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 305,183 shares of the company's stock after selling 92,820 shares during the period. Barclays PLC owned approximately 0.40% of Frontdoor worth $14,645,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. BOKF NA purchased a new stake in Frontdoor in the 2nd quarter worth $493,000. Harbor Capital Advisors Inc. lifted its position in shares of Frontdoor by 84.0% in the third quarter. Harbor Capital Advisors Inc. now owns 184,408 shares of the company's stock valued at $8,850,000 after acquiring an additional 84,167 shares in the last quarter. Natixis Advisors LLC acquired a new stake in shares of Frontdoor in the second quarter worth approximately $513,000. Meeder Asset Management Inc. raised its position in shares of Frontdoor by 362.8% in the third quarter. Meeder Asset Management Inc. now owns 24,590 shares of the company's stock valued at $1,180,000 after buying an additional 19,277 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of Frontdoor by 8.7% during the 2nd quarter. Victory Capital Management Inc. now owns 2,176,056 shares of the company's stock worth $73,529,000 after purchasing an additional 173,624 shares during the last quarter.
Frontdoor Stock Down 2.0 %
Shares of Frontdoor stock traded down $1.16 during trading on Monday, hitting $57.77. 603,840 shares of the stock were exchanged, compared to its average volume of 703,266. The stock has a market cap of $4.38 billion, a price-to-earnings ratio of 19.13 and a beta of 1.08. The firm's 50-day moving average price is $54.67 and its 200 day moving average price is $46.26. 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, Inc. has a 12-month low of $29.41 and a 12-month high of $60.42.
Frontdoor (NASDAQ:FTDR - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.33. Frontdoor had a return on equity of 132.99% and a net margin of 12.87%. The business had revenue of $540.00 million during the quarter, compared to analysts' expectations of $541.88 million. During the same period in the prior year, the firm posted $0.94 EPS. The business's quarterly revenue was up 3.1% compared to the same quarter last year. As a group, analysts forecast that Frontdoor, Inc. will post 3.14 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several research firms recently issued reports on FTDR. Truist Financial raised their price objective on shares of Frontdoor from $56.00 to $58.00 and gave the stock a "buy" rating in a research report on Tuesday, November 5th. The Goldman Sachs Group lifted their price objective on shares of Frontdoor from $41.00 to $46.00 and gave the company a "sell" rating in a report on Tuesday, November 5th. One 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 data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $49.50.
View Our Latest Stock Report on FTDR
Insider Transactions 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 stock was 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 directly owns 9,429 shares in the company, valued at approximately $547,447.74. This trade represents a 73.22 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Evan Iverson sold 16,000 shares of the company's stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $58.84, for a total value of $941,440.00. Following the sale, the chief operating officer now owns 4,955 shares of the company's stock, valued at $291,552.20. This trade represents 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.
Frontdoor Company Profile
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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.
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