Frontdoor, Inc. (NASDAQ:FTDR) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC grew its position in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 3.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,113,474 shares of the company’s stock after buying an additional 74,542 shares during the period. Geode Capital Management LLC owned about 2.79% of Frontdoor worth $101,442,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Exchange Traded Concepts LLC acquired a new position in Frontdoor in the third quarter valued at approximately $27,000. V Square Quantitative Management LLC acquired a new position in Frontdoor during the 3rd quarter valued at approximately $31,000. Quarry LP grew its stake in Frontdoor by 468.1% during the 2nd quarter. Quarry LP now owns 1,085 shares of the company’s stock worth $37,000 after buying an additional 894 shares during the last quarter. GAMMA Investing LLC increased its position in Frontdoor by 89.6% in the third quarter. GAMMA Investing LLC now owns 1,667 shares of the company’s stock worth $80,000 after buying an additional 788 shares during the period. Finally, CWM LLC lifted its stake in Frontdoor by 15.8% in the third quarter. CWM LLC now owns 2,695 shares of the company’s stock valued at $129,000 after buying an additional 367 shares during the last quarter.

Insider Transactions at Frontdoor

In related news, SVP Kathryn M. Collins sold 25,784 shares of Frontdoor stock in a transaction dated Tuesday, December 10th. The stock was 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 owns 9,429 shares of the company’s stock, valued at approximately $547,447.74. This trade represents a 73.22 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Evan Iverson sold 16,000 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were 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 of the company’s stock, valued at $291,552.20. This 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 Stock Down 3.3 %

Shares of FTDR stock opened at $55.72 on Thursday. Frontdoor, Inc. has a 1 year low of $29.41 and a 1 year high of $60.42. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.42 and a current ratio of 1.42. The business’s fifty day moving average is $54.86 and its 200-day moving average is $46.42. The stock has a market cap of $4.22 billion, a PE ratio of 18.45 and a beta of 1.08.

Frontdoor (NASDAQ:FTDR) last issued its quarterly 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. Frontdoor had a net margin of 12.87% and a return on equity of 132.99%. The firm had revenue of $540.00 million for the quarter, compared to analysts’ expectations of $541.88 million. During the same period in the previous year, the business earned $0.94 earnings per share. Frontdoor’s revenue for the quarter was up 3.1% compared to the same quarter last year. Equities analysts expect that Frontdoor, Inc. will post 3.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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