Frontdoor, Inc. (NASDAQ:FTDR) Shares Purchased by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. boosted its stake in Frontdoor, Inc. (NASDAQ:FTDR) by 84.0% in the 3rd quarter, Holdings Channel reports. The firm owned 184,408 shares of the company’s stock after purchasing an additional 84,167 shares during the period. Harbor Capital Advisors Inc.’s holdings in Frontdoor were worth $8,850,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC acquired a new stake in shares of Frontdoor in the third quarter valued at $27,000. GAMMA Investing LLC boosted its holdings in Frontdoor by 90.7% during the 2nd quarter. GAMMA Investing LLC now owns 879 shares of the company’s stock valued at $30,000 after acquiring an additional 418 shares during the period. V Square Quantitative Management LLC acquired a new position in Frontdoor in the 3rd quarter valued at about $31,000. Isthmus Partners LLC increased its stake in Frontdoor by 0.5% during the second quarter. Isthmus Partners LLC now owns 110,249 shares of the company’s stock worth $37,000 after purchasing an additional 603 shares during the period. Finally, Quarry LP increased its stake 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 purchasing an additional 894 shares during the period.

Analyst Ratings Changes

FTDR has been the subject of several recent research reports. Truist Financial raised their price objective on shares of Frontdoor from $45.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. The Goldman Sachs Group boosted their price target on shares of Frontdoor from $33.00 to $41.00 and gave the stock a “sell” rating in a research note on Friday, August 2nd. William Blair raised Frontdoor from a “market perform” rating to an “outperform” rating in a research report on Friday, August 2nd. Finally, JPMorgan Chase & Co. lifted their target price on Frontdoor from $45.00 to $55.00 and gave the company an “overweight” rating in a report on Monday, August 12th. One research 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. Based on data from MarketBeat.com, Frontdoor currently has a consensus rating of “Hold” and an average price target of $47.75.

Frontdoor Stock Down 0.3 %

Shares of Frontdoor stock opened at $49.52 on Friday. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 2.66. Frontdoor, Inc. has a 52-week low of $29.41 and a 52-week high of $53.10. The company has a market capitalization of $3.79 billion, a P/E ratio of 18.97 and a beta of 1.03. The company has a 50 day moving average of $48.81 and a 200 day moving average of $41.08.

Frontdoor (NASDAQ:FTDR) last released its quarterly earnings data on Thursday, August 1st. The company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.27. The business had revenue of $542.00 million during the quarter, compared to analysts’ expectations of $536.74 million. Frontdoor had a net margin of 11.38% and a return on equity of 132.94%. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.87 EPS. As a group, research analysts forecast that Frontdoor, Inc. will post 2.79 EPS for the current fiscal year.

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.