Frontdoor, Inc. (NASDAQ:FTDR) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lessened its holdings in Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 7.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 387,967 shares of the company's stock after selling 30,747 shares during the quarter. Principal Financial Group Inc. owned 0.51% of Frontdoor worth $18,619,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of FTDR. Castellan Group purchased a new stake in shares of Frontdoor during the third quarter valued at $5,881,000. Tidal Investments LLC increased its holdings in shares of Frontdoor by 36.0% in the third quarter. Tidal Investments LLC now owns 42,918 shares of the company's stock valued at $2,060,000 after purchasing an additional 11,369 shares during the period. TD Private Client Wealth LLC purchased a new position in shares of Frontdoor in the third quarter worth about $68,000. Geode Capital Management LLC lifted its holdings in shares of Frontdoor by 3.7% during the third quarter. Geode Capital Management LLC now owns 2,113,474 shares of the company's stock worth $101,442,000 after purchasing an additional 74,542 shares during the period. Finally, MML Investors Services LLC purchased a new stake in Frontdoor in the third quarter valued at approximately $377,000.

Frontdoor Stock Performance

Frontdoor stock traded down $1.14 during mid-day trading on Friday, hitting $55.68. The company had a trading volume of 367,894 shares, compared to its average volume of 700,808. 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 $4.22 billion, a price-to-earnings ratio of 18.44 and a beta of 1.08. The company's fifty day moving average is $55.65 and its 200-day moving average is $47.24. Frontdoor, Inc. has a 12-month low of $29.41 and a 12-month high of $60.42.

Frontdoor (NASDAQ:FTDR - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The company reported $1.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.05 by $0.33. Frontdoor had a net margin of 12.87% and a return on equity of 132.99%. The firm had revenue of $540.00 million for the quarter, compared to the consensus estimate of $541.88 million. During the same period in the prior year, the firm posted $0.94 earnings per share. The firm's quarterly revenue was up 3.1% compared to the same quarter last year. Equities research analysts predict that Frontdoor, Inc. will post 3.14 EPS for the current year.

Insider Activity

In other Frontdoor news, SVP Kathryn M. Collins sold 25,784 shares of the stock in a transaction 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 transaction, the senior vice president now directly owns 9,429 shares of the company's stock, valued at $547,447.74. This trade represents a 73.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Evan Iverson sold 16,000 shares of the business's 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 sale, the chief operating officer now directly owns 4,955 shares of the company's stock, valued at $291,552.20. This represents a 76.35 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.89% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Truist Financial lifted their price objective 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. The Goldman Sachs Group boosted their target price on shares of Frontdoor from $41.00 to $46.00 and gave the company a "sell" rating in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Frontdoor presently has an average rating of "Hold" and a consensus price target 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.