4,068 Shares in Frontdoor, Inc. (NASDAQ:FTDR) Acquired by Patriot Financial Group Insurance Agency LLC

Patriot Financial Group Insurance Agency LLC bought a new stake in shares of Frontdoor, Inc. (NASDAQ:FTDR) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 4,068 shares of the company’s stock, valued at approximately $222,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Geode Capital Management LLC increased its stake in Frontdoor by 3.7% in the third quarter. Geode Capital Management LLC now owns 2,113,474 shares of the company’s stock valued at $101,442,000 after purchasing an additional 74,542 shares in the last quarter. Millennium Management LLC increased its position in Frontdoor by 440.4% in the 2nd quarter. Millennium Management LLC now owns 908,904 shares of the company’s stock valued at $30,712,000 after buying an additional 740,711 shares in the last quarter. Glenmede Trust Co. NA raised its stake in Frontdoor by 1.2% during the 3rd quarter. Glenmede Trust Co. NA now owns 506,328 shares of the company’s stock worth $24,299,000 after buying an additional 6,189 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in Frontdoor by 8.0% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 448,572 shares of the company’s stock worth $21,527,000 after buying an additional 33,380 shares during the period. Finally, Nordea Investment Management AB boosted its holdings in Frontdoor by 4.6% in the fourth quarter. Nordea Investment Management AB now owns 263,387 shares of the company’s stock worth $14,544,000 after acquiring an additional 11,671 shares in the last quarter.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on FTDR. The Goldman Sachs Group upped their target price 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 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 investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $49.50.

Frontdoor Stock Up 1.7 %

FTDR stock opened at $62.39 on Thursday. The firm has a market capitalization of $4.73 billion, a PE ratio of 20.66 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. Frontdoor, Inc. has a twelve month low of $29.41 and a twelve month high of $62.50. The stock’s 50 day moving average is $57.43 and its 200-day moving average is $51.10.

Frontdoor (NASDAQ:FTDR) last issued its quarterly earnings data on Monday, November 4th. The company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.33. The business had revenue of $540.00 million for the quarter, compared to analysts’ expectations of $541.88 million. Frontdoor had a return on equity of 132.99% and a net margin of 12.87%. The business’s revenue was up 3.1% on a year-over-year basis. During the same period last year, the business earned $0.94 EPS. Sell-side analysts expect that Frontdoor, Inc. will post 3.15 EPS for the current fiscal year.

Insider Activity at Frontdoor

In related news, COO Evan Iverson sold 16,000 shares of Frontdoor stock in a transaction 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 sale, the chief operating officer now directly owns 4,955 shares in the company, valued at approximately $291,552.20. This trade represents a 76.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Kathryn M. Collins sold 25,784 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were 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 $547,447.74. This trade represents a 73.22 % decrease in their position. The disclosure for this sale can be found here. 0.29% of the stock is owned by insiders.

About Frontdoor

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.