Frontdoor, Inc. (NASDAQ:FTDR) Shares Bought by Willis Investment Counsel

Willis Investment Counsel lifted its holdings in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 0.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,753 shares of the company’s stock after acquiring an additional 185 shares during the quarter. Willis Investment Counsel owned about 0.06% of Frontdoor worth $2,556,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. raised its position in Frontdoor by 84.0% in the third quarter. Harbor Capital Advisors Inc. now owns 184,408 shares of the company’s stock valued at $8,850,000 after purchasing an additional 84,167 shares during the period. Meeder Asset Management Inc. raised its holdings in shares of Frontdoor by 362.8% during the 3rd quarter. Meeder Asset Management Inc. now owns 24,590 shares of the company’s stock valued at $1,180,000 after buying an additional 19,277 shares during the period. Verition Fund Management LLC lifted its position in Frontdoor by 255.5% during the 3rd quarter. Verition Fund Management LLC now owns 21,757 shares of the company’s stock worth $1,044,000 after acquiring an additional 15,637 shares in the last quarter. Atria Investments Inc purchased a new position in Frontdoor in the 3rd quarter worth approximately $315,000. Finally, Geode Capital Management LLC grew its position in Frontdoor by 3.7% in the third 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 in the last quarter.

Insider Buying and Selling at Frontdoor

In other news, COO Evan Iverson sold 16,000 shares of the firm’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 transaction, the chief operating officer now directly owns 4,955 shares in the company, valued at approximately $291,552.20. This trade represents a 76.35 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Kathryn M. Collins sold 25,784 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $58.06, for a total transaction of $1,497,019.04. Following the completion of the transaction, the senior vice president now directly owns 9,429 shares in the company, valued at $547,447.74. This represents a 73.22 % decrease in their position. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by insiders.

Frontdoor Stock Down 3.3 %

Shares of NASDAQ:FTDR opened at $59.88 on Monday. Frontdoor, Inc. has a 12-month low of $29.41 and a 12-month high of $63.49. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.16. The firm has a market cap of $4.54 billion, a PE ratio of 19.83 and a beta of 1.08. The company has a fifty day simple moving average of $57.55 and a 200 day simple moving average of $51.54.

Frontdoor (NASDAQ:FTDR) last issued its earnings results on Monday, November 4th. The company reported $1.38 earnings per share (EPS) 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 analyst estimates of $541.88 million. Frontdoor had a net margin of 12.87% and a return on equity of 132.99%. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.94 EPS. On average, equities research analysts anticipate that Frontdoor, Inc. will post 3.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Truist Financial boosted their target price on shares of Frontdoor from $56.00 to $58.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. The Goldman Sachs Group boosted their price objective on shares of Frontdoor from $41.00 to $46.00 and gave the stock a “sell” rating in a report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average 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.