Assenagon Asset Management S.A. Has $15.63 Million Position in Frontdoor, Inc. (NASDAQ:FTDR)

Assenagon Asset Management S.A. decreased its stake in shares of Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 38.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 285,820 shares of the company's stock after selling 180,890 shares during the quarter. Assenagon Asset Management S.A. owned 0.38% of Frontdoor worth $15,626,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Exchange Traded Concepts LLC acquired a new position in shares of Frontdoor in the 3rd quarter worth approximately $27,000. V Square Quantitative Management LLC acquired a new position in Frontdoor during the third quarter worth $31,000. Quarry LP lifted its holdings in shares of Frontdoor by 468.1% during the second quarter. Quarry LP now owns 1,085 shares of the company's stock valued at $37,000 after acquiring an additional 894 shares during the period. TD Private Client Wealth LLC acquired a new stake in shares of Frontdoor in the 3rd quarter valued at $68,000. Finally, GAMMA Investing LLC grew its holdings in shares of Frontdoor by 89.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,667 shares of the company's stock worth $80,000 after purchasing an additional 788 shares during the last quarter.

Insider Transactions at Frontdoor

In other Frontdoor news, SVP Kathryn M. Collins sold 25,784 shares of Frontdoor stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $58.06, for a total value of $1,497,019.04. Following the sale, the senior vice president now directly owns 9,429 shares in the company, valued at approximately $547,447.74. The trade was a 73.22 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Evan Iverson sold 16,000 shares of the stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $58.84, for a total transaction of $941,440.00. Following the transaction, the chief operating officer now owns 4,955 shares of the company's stock, valued at approximately $291,552.20. This represents a 76.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.89% of the stock is owned by insiders.

Frontdoor Trading Up 2.6 %

Shares of FTDR traded up $1.48 during trading hours on Friday, reaching $58.53. The stock had a trading volume of 537,005 shares, compared to its average volume of 479,934. The firm has a 50-day moving average of $56.82 and a 200 day moving average of $49.56. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.16. The company has a market cap of $4.44 billion, a P/E ratio of 19.38 and a beta of 1.08. Frontdoor, Inc. has a 52 week low of $29.41 and a 52 week 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 for the quarter, beating the consensus estimate of $1.05 by $0.33. The business had revenue of $540.00 million for the quarter, compared to analysts' expectations of $541.88 million. Frontdoor had a return on equity of 132.99% and a net margin of 12.87%. Frontdoor's revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.94 EPS. On average, sell-side analysts expect that Frontdoor, Inc. will post 3.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on FTDR shares. The Goldman Sachs Group upped their price objective on shares of Frontdoor from $41.00 to $46.00 and gave the stock a "sell" rating in a research note on Tuesday, November 5th. Truist Financial increased their price target on Frontdoor from $56.00 to $58.00 and gave the stock a "buy" rating in a research 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 assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $49.50.

Frontdoor 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.