Diversified Trust Co Acquires 1,345 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

Diversified Trust Co raised its holdings in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 11.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,475 shares of the company’s stock after buying an additional 1,345 shares during the quarter. Diversified Trust Co’s holdings in Frontdoor were worth $737,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Nordea Investment Management AB increased its position in shares of 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 purchasing an additional 11,671 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Frontdoor by 26.0% in the 4th quarter. GAMMA Investing LLC now owns 2,100 shares of the company’s stock worth $115,000 after buying an additional 433 shares during the last quarter. Castellan Group purchased a new stake in shares of Frontdoor during the 3rd quarter valued at $5,881,000. Tidal Investments LLC lifted its holdings in shares of Frontdoor by 36.0% during the 3rd quarter. Tidal Investments LLC now owns 42,918 shares of the company’s stock worth $2,060,000 after acquiring an additional 11,369 shares during the last quarter. Finally, TD Private Client Wealth LLC purchased a new position in Frontdoor in the third quarter worth $68,000.

Frontdoor Trading Up 3.0 %

NASDAQ FTDR opened at $56.68 on Friday. The stock has a 50-day moving average of $56.49 and a 200-day moving average of $48.58. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.16. Frontdoor, Inc. has a 1-year low of $29.41 and a 1-year high of $60.42. The firm has a market cap of $4.30 billion, a PE ratio of 18.77 and a beta of 1.08.

Frontdoor (NASDAQ:FTDR) last issued its earnings results on Monday, November 4th. The company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.05 by $0.33. The company had revenue of $540.00 million for the quarter, compared to the consensus estimate of $541.88 million. Frontdoor had a net margin of 12.87% and a return on equity of 132.99%. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.94 earnings per share. As a group, sell-side analysts forecast that Frontdoor, Inc. will post 3.14 EPS for the current year.

Insider Activity

In other Frontdoor news, SVP Kathryn M. Collins sold 25,784 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $58.06, for a total transaction 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. The trade was a 73.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Evan Iverson sold 16,000 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $58.84, for a total transaction of $941,440.00. Following the completion of the sale, the chief operating officer now directly 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. Insiders own 0.29% of the company’s stock.

Wall Street Analysts Forecast Growth

FTDR has been the topic of a number of research reports. Truist Financial raised their price target on 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 boosted 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. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $49.50.

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.