Charles Schwab Investment Management Inc. Sells 16,451 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

Charles Schwab Investment Management Inc. cut its stake in shares of Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 1.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,014,432 shares of the company's stock after selling 16,451 shares during the period. Charles Schwab Investment Management Inc. owned 1.34% of Frontdoor worth $48,683,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD raised its stake in shares of Frontdoor by 5.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 64,153 shares of the company's stock valued at $2,091,000 after purchasing an additional 3,183 shares in the last quarter. Tidal Investments LLC raised its stake in Frontdoor by 2.2% during the first quarter. Tidal Investments LLC now owns 15,740 shares of the company's stock worth $513,000 after acquiring an additional 344 shares during the period. GAMMA Investing LLC raised its stake in Frontdoor by 90.7% during the second quarter. GAMMA Investing LLC now owns 879 shares of the company's stock worth $30,000 after acquiring an additional 418 shares during the period. Harbor Capital Advisors Inc. raised its stake in Frontdoor by 276.1% during the second quarter. Harbor Capital Advisors Inc. now owns 100,241 shares of the company's stock worth $3,387,000 after acquiring an additional 73,590 shares during the period. Finally, Diversified Trust Co acquired a new stake in Frontdoor during the second quarter worth about $400,000.

Frontdoor Stock Down 0.6 %

FTDR stock traded down $0.37 during midday trading on Monday, reaching $58.23. The company had a trading volume of 513,891 shares, compared to its average volume of 708,908. Frontdoor, Inc. has a 1 year low of $29.41 and a 1 year high of $60.42. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.16. The company has a market capitalization of $4.41 billion, a P/E ratio of 19.40 and a beta of 1.03. The company has a 50 day moving average of $52.31 and a two-hundred day moving average of $44.46.

Frontdoor (NASDAQ:FTDR - Get Free Report) last issued its earnings results on Monday, November 4th. The company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.33. Frontdoor had a net margin of 12.87% and a return on equity of 132.99%. The business had revenue of $540.00 million for the quarter, compared to analyst estimates of $541.88 million. During the same period in the previous year, the business earned $0.94 EPS. The firm's revenue was up 3.1% on a year-over-year basis. On average, equities research analysts expect that Frontdoor, Inc. will post 3.14 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

FTDR has been the subject of several recent analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Frontdoor from $45.00 to $55.00 and gave the company an "overweight" rating in a report on Monday, August 12th. Truist Financial increased their target price on shares of Frontdoor from $56.00 to $58.00 and gave the company a "buy" rating in a research note on Tuesday, November 5th. Finally, The Goldman Sachs Group increased their target price on shares of Frontdoor from $41.00 to $46.00 and gave the company a "sell" rating in a research note on Tuesday, November 5th. One investment 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's stock. According to MarketBeat, Frontdoor presently has an average rating of "Hold" and an average target price of $49.50.

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.