Frontdoor, Inc. (NASDAQ:FTDR) Shares Acquired by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. boosted its position in Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 188.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 76,232 shares of the company's stock after acquiring an additional 49,823 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.10% of Frontdoor worth $4,168,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Exchange Traded Concepts LLC purchased a new stake in shares of Frontdoor in the third quarter valued at $27,000. V Square Quantitative Management LLC acquired a new stake in Frontdoor in the 3rd quarter worth about $31,000. Quarry LP grew its holdings in 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 buying an additional 894 shares during the period. USA Financial Formulas purchased a new stake in Frontdoor in the 4th quarter valued at about $60,000. Finally, TD Private Client Wealth LLC acquired a new position in shares of Frontdoor during the 3rd quarter valued at about $68,000.

Insider Activity at Frontdoor

In related news, COO Evan Iverson sold 16,000 shares of the business's stock in a transaction that occurred on 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 directly owns 4,955 shares of the company's stock, valued at approximately $291,552.20. The trade was a 76.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 stock was sold at an average price of $58.06, for a total value of $1,497,019.04. Following the completion of the transaction, the senior vice president now owns 9,429 shares of the company's stock, valued at approximately $547,447.74. This represents a 73.22 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.89% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on FTDR. Truist Financial raised their target price on shares of Frontdoor from $56.00 to $58.00 and gave the stock a "buy" rating in a research report on Tuesday, November 5th. The Goldman Sachs Group lifted their price target on shares of Frontdoor from $41.00 to $46.00 and gave the company a "sell" rating in a 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 company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $49.50.

Frontdoor Trading Down 2.1 %

Shares of NASDAQ:FTDR traded down $1.26 during trading on Thursday, reaching $59.58. 465,547 shares of the stock were exchanged, compared to its average volume of 697,848. The firm's 50-day moving average price is $57.63 and its 200 day moving average price is $51.96. The firm has a market cap of $4.52 billion, a price-to-earnings ratio of 19.73 and a beta of 1.08. Frontdoor, Inc. has a 12-month low of $29.41 and a 12-month high of $63.49. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.42 and a current ratio of 1.42.

Frontdoor (NASDAQ:FTDR - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The company reported $1.38 earnings per share (EPS) for the quarter, topping 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 company had revenue of $540.00 million during the quarter, compared to the consensus estimate of $541.88 million. During the same period in the previous year, the firm earned $0.94 earnings per share. Frontdoor's revenue for the quarter was up 3.1% on a year-over-year basis. On average, sell-side analysts anticipate that Frontdoor, Inc. will post 3.15 earnings per share 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.