Frontdoor, Inc. (NASDAQ:FTDR) Holdings Lifted by Meritage Portfolio Management

Meritage Portfolio Management boosted its holdings in Frontdoor, Inc. (NASDAQ:FTDR) by 7.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,361 shares of the company’s stock after acquiring an additional 1,331 shares during the quarter. Meritage Portfolio Management’s holdings in Frontdoor were worth $1,058,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of FTDR. Harbor Capital Advisors Inc. raised its holdings in shares of Frontdoor by 84.0% in the 3rd 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. Meeder Asset Management Inc. grew its position in Frontdoor by 362.8% in the third quarter. Meeder Asset Management Inc. now owns 24,590 shares of the company’s stock worth $1,180,000 after buying an additional 19,277 shares during the last quarter. Verition Fund Management LLC increased its holdings in shares of Frontdoor by 255.5% in the third quarter. Verition Fund Management LLC now owns 21,757 shares of the company’s stock valued at $1,044,000 after buying an additional 15,637 shares in the last quarter. Atria Investments Inc acquired a new stake in shares of Frontdoor during the 3rd quarter valued at $315,000. Finally, Geode Capital Management LLC lifted its position in shares of Frontdoor by 3.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,113,474 shares of the company’s stock valued at $101,442,000 after acquiring an additional 74,542 shares during the last quarter.

Frontdoor Trading Up 1.9 %

NASDAQ FTDR opened at $60.84 on Thursday. The firm’s 50 day moving average price is $57.60 and its two-hundred day moving average price is $51.91. 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, Inc. has a twelve month low of $29.41 and a twelve month high of $63.49. The stock has a market cap of $4.61 billion, a price-to-earnings ratio of 20.15 and a beta of 1.08.

Frontdoor (NASDAQ:FTDR) last issued its quarterly earnings results 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. The business had revenue of $540.00 million for the quarter, compared to the consensus estimate of $541.88 million. Frontdoor had a return on equity of 132.99% and a net margin of 12.87%. Frontdoor’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.94 earnings per share. Equities analysts anticipate that Frontdoor, Inc. will post 3.15 EPS for the current year.

Insiders Place Their Bets

In other news, 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 transaction, the senior vice president now directly owns 9,429 shares of the company’s stock, valued at approximately $547,447.74. This represents a 73.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Evan Iverson sold 16,000 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $58.84, for a total value of $941,440.00. Following the sale, the chief operating officer now owns 4,955 shares of the company’s stock, valued at approximately $291,552.20. This represents a 76.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.89% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on FTDR shares. The Goldman Sachs Group lifted their target price on Frontdoor from $41.00 to $46.00 and gave the stock a “sell” rating in a report on Tuesday, November 5th. Truist Financial lifted their price target on Frontdoor from $56.00 to $58.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Frontdoor currently has a consensus rating of “Hold” and a consensus target price of $49.50.

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.