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

Harbor Capital Advisors Inc. decreased its position in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 8.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 168,427 shares of the company’s stock after selling 15,981 shares during the quarter. Harbor Capital Advisors Inc. owned 0.22% of Frontdoor worth $9,208,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Natixis Advisors LLC bought a new stake in shares of Frontdoor during the 2nd quarter worth approximately $513,000. TD Asset Management Inc boosted its holdings in shares of Frontdoor by 17.5% in the 2nd quarter. TD Asset Management Inc now owns 132,800 shares of the company’s stock valued at $4,487,000 after purchasing an additional 19,800 shares in the last quarter. Choreo LLC bought a new position in shares of Frontdoor in the 2nd quarter valued at $631,000. Headlands Technologies LLC acquired a new position in shares of Frontdoor during the 2nd quarter worth $237,000. Finally, American Century Companies Inc. raised its stake in Frontdoor by 10.1% during the second quarter. American Century Companies Inc. now owns 142,627 shares of the company’s stock worth $4,819,000 after acquiring an additional 13,093 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on FTDR. Truist Financial raised their target price on shares of Frontdoor from $56.00 to $58.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. The Goldman Sachs Group raised their price objective on Frontdoor from $41.00 to $46.00 and gave the company a “sell” rating in a report on Tuesday, November 5th. One equities 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 data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $49.50.

Insider Buying and Selling

In other Frontdoor news, SVP Kathryn M. Collins sold 25,784 shares of the stock in a transaction dated 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 completion of the sale, the senior vice president now directly owns 9,429 shares in the company, valued at approximately $547,447.74. This trade represents a 73.22 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Evan Iverson sold 16,000 shares of Frontdoor stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $58.84, for a total value 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 approximately $291,552.20. This trade represents a 76.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.29% of the stock is owned by insiders.

Frontdoor Trading Down 2.2 %

NASDAQ FTDR traded down $1.25 on Friday, hitting $55.43. The company’s stock had a trading volume of 165,412 shares, compared to its average volume of 496,560. The company’s 50-day moving average is $56.63 and its 200 day moving average is $48.64. The firm has a market cap of $4.20 billion, a PE ratio of 18.35 and a beta of 1.08. Frontdoor, Inc. has a 1-year low of $29.41 and a 1-year high of $60.42. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.16.

Frontdoor (NASDAQ:FTDR) last announced its earnings results 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 return on equity of 132.99% and a net margin of 12.87%. The business had revenue of $540.00 million during the quarter, compared to analyst estimates of $541.88 million. During the same period last year, the company earned $0.94 EPS. Frontdoor’s revenue for the quarter was up 3.1% compared to the same quarter last year. As a group, analysts predict that Frontdoor, Inc. will post 3.14 earnings per share for the current fiscal 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.