Frontdoor, Inc. (NASDAQ:FTDR) Shares Bought by Nordea Investment Management AB

Nordea Investment Management AB grew its holdings in Frontdoor, Inc. (NASDAQ:FTDR) by 4.6% during the 4th quarter, Holdings Channel reports. The firm owned 263,387 shares of the company’s stock after buying an additional 11,671 shares during the period. Nordea Investment Management AB’s holdings in Frontdoor were worth $14,544,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Exchange Traded Concepts LLC purchased a new position in Frontdoor in the 3rd quarter valued at about $27,000. V Square Quantitative Management LLC acquired a new position in shares of Frontdoor in the third quarter valued at approximately $31,000. Quarry LP boosted its position 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 acquiring an additional 894 shares during the last quarter. TD Private Client Wealth LLC purchased a new position in shares of Frontdoor during the 3rd quarter worth $68,000. Finally, GAMMA Investing LLC boosted its holdings in shares of 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 during the last quarter.

Insiders Place Their Bets

In other Frontdoor news, 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 value of $941,440.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 sale, the senior vice president now directly owns 9,429 shares in the company, valued at approximately $547,447.74. The trade was a 73.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.29% of the stock is owned by company insiders.

Frontdoor Stock Performance

Shares of NASDAQ:FTDR opened at $56.68 on Thursday. The business has a 50-day moving average of $56.49 and a two-hundred day moving average of $48.58. The firm has a market capitalization of $4.30 billion, a PE ratio of 18.77 and a beta of 1.08. 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, Inc. has a 12 month low of $29.41 and a 12 month high of $60.42.

Frontdoor (NASDAQ:FTDR) last posted its earnings results 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. Frontdoor had a net margin of 12.87% and a return on equity of 132.99%. The business had revenue of $540.00 million for the quarter, compared to analyst estimates of $541.88 million. During the same quarter in the previous year, the business posted $0.94 EPS. The business’s quarterly revenue was up 3.1% on a year-over-year basis. As a group, research analysts forecast that Frontdoor, Inc. will post 3.14 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Truist Financial upped their target price on Frontdoor from $56.00 to $58.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. The Goldman Sachs Group raised their target price on shares of Frontdoor from $41.00 to $46.00 and gave the stock a “sell” rating in a research report on Tuesday, November 5th. One 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’s stock. According to MarketBeat, the company presently 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.