Harbor Capital Advisors Inc. Has $9.21 Million Holdings in Frontdoor, Inc. (NASDAQ:FTDR)

Harbor Capital Advisors Inc. lowered its holdings in Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 8.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 168,427 shares of the company's stock after selling 15,981 shares during the period. Harbor Capital Advisors Inc. owned approximately 0.22% of Frontdoor worth $9,208,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Diversified Trust Co grew its position in shares of Frontdoor by 11.1% during the fourth quarter. Diversified Trust Co now owns 13,475 shares of the company's stock worth $737,000 after buying an additional 1,345 shares in the last quarter. Nordea Investment Management AB grew its holdings in Frontdoor by 4.6% during the 4th quarter. Nordea Investment Management AB now owns 263,387 shares of the company's stock worth $14,544,000 after acquiring an additional 11,671 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Frontdoor by 26.0% in the 4th quarter. GAMMA Investing LLC now owns 2,100 shares of the company's stock valued at $115,000 after purchasing an additional 433 shares in the last quarter. Castellan Group bought a new position in shares of Frontdoor during the third quarter worth about $5,881,000. Finally, Tidal Investments LLC grew its stake in Frontdoor by 36.0% in the third quarter. Tidal Investments LLC now owns 42,918 shares of the company's stock worth $2,060,000 after purchasing an additional 11,369 shares in the last quarter.

Analyst Ratings Changes

Several brokerages have issued reports on FTDR. Truist Financial upped their price objective on Frontdoor from $56.00 to $58.00 and gave the company a "buy" rating in a research note 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 stock a "sell" rating in a report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $49.50.

Insider Activity at Frontdoor

In related news, COO Evan Iverson sold 16,000 shares of the firm's stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $58.84, for a total transaction of $941,440.00. Following the completion of the sale, the chief operating officer now directly owns 4,955 shares in the company, valued at approximately $291,552.20. This trade represents a 76.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Kathryn M. Collins sold 25,784 shares of the company's stock in a transaction that occurred on 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 transaction, the senior vice president now owns 9,429 shares in the company, valued at approximately $547,447.74. This represents a 73.22 % decrease in their position. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by corporate insiders.

Frontdoor Stock Performance

NASDAQ FTDR traded down $1.19 during trading hours on Friday, hitting $55.49. The company had a trading volume of 595,952 shares, compared to its average volume of 570,159. Frontdoor, Inc. has a fifty-two week low of $29.41 and a fifty-two week high of $60.42. The firm has a market cap of $4.21 billion, a P/E ratio of 18.37 and a beta of 1.08. 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 business has a fifty day simple moving average of $56.63 and a 200-day simple moving average of $48.64.

Frontdoor (NASDAQ:FTDR - Get Free Report) last announced 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. The firm had revenue of $540.00 million for the quarter, compared to the consensus estimate of $541.88 million. Frontdoor had a return on equity of 132.99% and a net margin of 12.87%. The firm'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 earned $0.94 EPS. Equities analysts predict that Frontdoor, Inc. will post 3.14 EPS for the current year.

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.