Cambiar Investors LLC Sells 4,780 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

Cambiar Investors LLC lowered its stake in Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 7.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 55,735 shares of the company's stock after selling 4,780 shares during the quarter. Cambiar Investors LLC owned about 0.07% of Frontdoor worth $3,047,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Creative Planning lifted its position in shares of Frontdoor by 7.1% in the second quarter. Creative Planning now owns 15,691 shares of the company's stock worth $530,000 after purchasing an additional 1,040 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Frontdoor by 89.6% in the third quarter. GAMMA Investing LLC now owns 1,667 shares of the company's stock worth $80,000 after purchasing an additional 788 shares in the last quarter. CWM LLC lifted its position in shares of Frontdoor by 15.8% in the third quarter. CWM LLC now owns 2,695 shares of the company's stock worth $129,000 after purchasing an additional 367 shares in the last quarter. Exchange Traded Concepts LLC bought a new stake in shares of Frontdoor in the third quarter worth $27,000. Finally, Willis Investment Counsel lifted its position in shares of Frontdoor by 4.4% in the third quarter. Willis Investment Counsel now owns 46,568 shares of the company's stock worth $2,235,000 after purchasing an additional 1,970 shares in the last quarter.

Wall Street Analyst Weigh In

FTDR has been the topic of a number of research reports. The Goldman Sachs Group boosted their price objective on shares of Frontdoor from $41.00 to $46.00 and gave the stock a "sell" rating in a research report on Tuesday, November 5th. Truist Financial boosted their target price on shares of Frontdoor from $58.00 to $67.00 and gave the stock a "buy" rating in a report on Friday. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $51.75.

Insider Buying and Selling at Frontdoor

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

Frontdoor Stock Up 1.0 %

FTDR traded up $0.60 during trading on Friday, reaching $59.46. 423,054 shares of the stock were exchanged, compared to its average volume of 635,808. The stock has a market cap of $4.51 billion, a P/E ratio of 19.69 and a beta of 1.08. Frontdoor, Inc. has a twelve month low of $29.41 and a twelve month high of $63.49. The stock's 50 day moving average price is $57.64 and its two-hundred day moving average price is $52.83. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.42 and a current ratio of 1.42.

About Frontdoor

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.