1,414 Shares in Frontdoor, Inc. (NASDAQ:FTDR) Acquired by TD Private Client Wealth LLC

TD Private Client Wealth LLC purchased a new position in Frontdoor, Inc. (NASDAQ:FTDR) in the third quarter, Holdings Channel reports. The fund purchased 1,414 shares of the company’s stock, valued at approximately $68,000.

Other institutional investors also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC purchased a new position in Frontdoor in the third quarter worth approximately $27,000. V Square Quantitative Management LLC acquired a new stake in Frontdoor during the third quarter worth approximately $31,000. Isthmus Partners LLC raised its holdings in Frontdoor by 0.5% during the second quarter. Isthmus Partners LLC now owns 110,249 shares of the company’s stock worth $37,000 after purchasing an additional 603 shares in the last quarter. Quarry LP raised its holdings in Frontdoor by 468.1% during the second quarter. Quarry LP now owns 1,085 shares of the company’s stock worth $37,000 after purchasing an additional 894 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in Frontdoor by 89.6% during the third quarter. GAMMA Investing LLC now owns 1,667 shares of the company’s stock worth $80,000 after purchasing an additional 788 shares in the last quarter.

Frontdoor Stock Performance

Shares of Frontdoor stock opened at $58.93 on Monday. The firm’s fifty day simple moving average is $54.46 and its 200-day simple moving average is $46.10. The stock has a market capitalization of $4.47 billion, a price-to-earnings ratio of 19.51 and a beta of 1.08. Frontdoor, Inc. has a 12 month low of $29.41 and a 12 month high of $60.42. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.42 and a quick ratio of 1.42.

Frontdoor (NASDAQ:FTDR) last announced its earnings results on Monday, November 4th. The company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 12.87% and a return on equity of 132.99%. The company’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.94 EPS. As a group, equities analysts forecast that Frontdoor, Inc. will post 3.14 earnings per share for the current year.

Wall Street Analyst Weigh In

FTDR has been the topic of a number of research analyst reports. 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. 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. One 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’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $49.50.

Insider Activity

In other news, SVP Kathryn M. Collins sold 25,784 shares of Frontdoor 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 transaction, the senior vice president now directly owns 9,429 shares of the company’s stock, valued at $547,447.74. The trade was a 73.22 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Evan Iverson sold 16,000 shares of Frontdoor 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 completion of the transaction, the chief operating officer now directly owns 4,955 shares in the company, valued at $291,552.20. The trade was a 76.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.29% of the company’s stock.

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.