Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Frontdoor, Inc. (NASDAQ:FTDR - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 41,700 shares of the company's stock, valued at approximately $2,280,000. Livforsakringsbolaget Skandia Omsesidigt owned approximately 0.05% of Frontdoor at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Castellan Group acquired a new position in Frontdoor in the third quarter valued at approximately $5,881,000. Moody Aldrich Partners LLC acquired a new stake in Frontdoor during the third quarter worth approximately $4,810,000. Harbor Capital Advisors Inc. raised its holdings in Frontdoor by 84.0% during the third quarter. Harbor Capital Advisors Inc. now owns 184,408 shares of the company's stock worth $8,850,000 after purchasing an additional 84,167 shares in the last quarter. Geode Capital Management LLC raised its holdings in 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 in the last quarter. Finally, Eventide Asset Management LLC acquired a new stake in Frontdoor during the third quarter worth approximately $2,942,000.
A number of research firms have weighed in on FTDR. The Goldman Sachs Group raised 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. Truist Financial raised their price objective on shares of Frontdoor from $56.00 to $58.00 and gave the stock a "buy" rating in a 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, Frontdoor has a consensus rating of "Hold" and a consensus target price of $49.50.
Check Out Our Latest Stock Report on FTDR
In other Frontdoor news, COO Evan Iverson sold 16,000 shares of the business's 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 sale, the chief operating officer now directly owns 4,955 shares in the company, valued at approximately $291,552.20. The trade was a 76.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Kathryn M. Collins sold 25,784 shares of the business's stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $58.06, for a total transaction of $1,497,019.04. Following the sale, the senior vice president now 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. 0.89% of the stock is currently owned by insiders.
Shares of Frontdoor stock opened at $59.58 on Friday. The firm's fifty day simple moving average is $57.63 and its 200-day simple moving average is $51.96. 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 current ratio of 1.42 and a quick ratio of 1.42. The stock has a market capitalization of $4.52 billion, a price-to-earnings ratio of 19.73 and a beta of 1.08.
Frontdoor (NASDAQ:FTDR - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The company reported $1.38 earnings per share for the quarter, beating 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 analyst estimates of $541.88 million. During the same period last year, the firm posted $0.94 EPS. Frontdoor's quarterly revenue was up 3.1% on a year-over-year basis. As a group, equities analysts forecast that Frontdoor, Inc. will post 3.15 earnings per share for the current year.
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.
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