Rhumbline Advisers Sells 608 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

Rhumbline Advisers lowered its stake in Frontdoor, Inc. (NASDAQ:FTDR) by 0.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 209,480 shares of the company’s stock after selling 608 shares during the quarter. Rhumbline Advisers’ holdings in Frontdoor were worth $11,452,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FTDR. USA Financial Formulas bought a new stake in Frontdoor in the fourth quarter valued at approximately $60,000. TD Private Client Wealth LLC bought a new stake in Frontdoor in the third quarter valued at approximately $68,000. Blue Trust Inc. lifted its position in Frontdoor by 315.3% in the fourth quarter. Blue Trust Inc. now owns 1,632 shares of the company’s stock valued at $89,000 after purchasing an additional 1,239 shares during the last quarter. GAMMA Investing LLC lifted its position in Frontdoor by 26.0% in the fourth quarter. GAMMA Investing LLC now owns 2,100 shares of the company’s stock valued at $115,000 after purchasing an additional 433 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its position in Frontdoor by 1,052.2% in the third quarter. First Horizon Advisors Inc. now owns 3,203 shares of the company’s stock valued at $154,000 after purchasing an additional 2,925 shares during the last quarter.

Frontdoor Price Performance

Shares of Frontdoor stock opened at $57.10 on Monday. The company has a market cap of $4.33 billion, a PE ratio of 18.91 and a beta of 1.08. The business has a 50 day moving average of $57.62 and a 200 day moving average of $53.52. Frontdoor, Inc. has a 52 week low of $29.41 and a 52 week high of $63.49. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.16.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on FTDR shares. Truist Financial upped their target price on Frontdoor from $58.00 to $67.00 and gave the company a “buy” rating in a report on Friday, February 14th. The Goldman Sachs Group upped their target price on Frontdoor from $41.00 to $46.00 and gave the company a “sell” rating in a report on Tuesday, November 5th. One 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. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $51.75.

Insider Buying and Selling at Frontdoor

In other Frontdoor news, COO Evan Iverson sold 16,000 shares of the firm’s stock in a transaction on 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 transaction, the chief operating officer now owns 4,955 shares of the company’s stock, valued at approximately $291,552.20. This trade represents a 76.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Kathryn M. Collins sold 25,784 shares of the firm’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 $547,447.74. This represents a 73.22 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.29% of the company’s stock.

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.