Patriot Financial Group Insurance Agency LLC Makes New Investment in Frontdoor, Inc. (NASDAQ:FTDR)

Patriot Financial Group Insurance Agency LLC bought a new position in Frontdoor, Inc. (NASDAQ:FTDR - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 4,068 shares of the company's stock, valued at approximately $222,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sei Investments Co. lifted its stake in Frontdoor by 145.6% in the second quarter. Sei Investments Co. now owns 22,054 shares of the company's stock valued at $745,000 after buying an additional 13,075 shares in the last quarter. AXA S.A. lifted its position in Frontdoor by 44.2% in the 2nd quarter. AXA S.A. now owns 16,844 shares of the company's stock valued at $569,000 after acquiring an additional 5,163 shares in the last quarter. Millennium Management LLC boosted its stake in Frontdoor by 440.4% in the 2nd quarter. Millennium Management LLC now owns 908,904 shares of the company's stock worth $30,712,000 after purchasing an additional 740,711 shares during the period. Creative Planning increased its holdings in Frontdoor by 7.1% during the 2nd 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. Finally, Quarry LP raised its stake in shares of Frontdoor by 468.1% in the 2nd quarter. Quarry LP now owns 1,085 shares of the company's stock valued at $37,000 after purchasing an additional 894 shares during the period.

Insider Buying and Selling at Frontdoor

In other Frontdoor news, COO Evan Iverson sold 16,000 shares of Frontdoor stock in a transaction 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 transaction, the chief operating officer now directly owns 4,955 shares of the company's stock, valued at $291,552.20. The trade was a 76.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Kathryn M. Collins sold 25,784 shares of the 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 transaction, the senior vice president now directly owns 9,429 shares in the company, valued at $547,447.74. The trade was a 73.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.29% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. The Goldman Sachs Group upped their price objective on Frontdoor from $41.00 to $46.00 and gave the stock a "sell" rating in a research report on Tuesday, November 5th. Truist Financial upped 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 equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $49.50.

Frontdoor Stock Down 0.8 %

Shares of NASDAQ:FTDR traded down $0.47 during midday trading on Thursday, reaching $61.92. The company had a trading volume of 524,770 shares, compared to its average volume of 662,414. Frontdoor, Inc. has a 1-year low of $29.41 and a 1-year high of $63.49. The stock has a market cap of $4.69 billion, a PE ratio of 20.50 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's 50 day moving average price is $57.43 and its 200 day moving average price is $51.10.

Frontdoor (NASDAQ:FTDR - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.33. The firm had revenue of $540.00 million for the quarter, compared to analyst estimates of $541.88 million. Frontdoor had a return on equity of 132.99% and a net margin of 12.87%. The business's quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.94 EPS. Research analysts forecast that Frontdoor, Inc. will post 3.15 EPS for the current fiscal year.

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.