Harbor Capital Advisors Inc. Has $9.21 Million Stock Holdings in Frontdoor, Inc. (NASDAQ:FTDR)

Harbor Capital Advisors Inc. reduced its position in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 8.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 168,427 shares of the company’s stock after selling 15,981 shares during the period. Harbor Capital Advisors Inc.’s holdings in Frontdoor were worth $9,208,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Millennium Management LLC raised its position in shares of Frontdoor by 440.4% during the second quarter. Millennium Management LLC now owns 908,904 shares of the company’s stock worth $30,712,000 after purchasing an additional 740,711 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Frontdoor by 23.2% in the second quarter. Renaissance Technologies LLC now owns 1,546,519 shares of the company’s stock valued at $52,257,000 after buying an additional 291,700 shares in the last quarter. Castellan Group acquired a new position in shares of Frontdoor during the third quarter valued at about $5,881,000. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Frontdoor by 357.1% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 140,800 shares of the company’s stock worth $4,758,000 after acquiring an additional 110,000 shares in the last quarter. Finally, Moody Aldrich Partners LLC acquired a new stake in shares of Frontdoor in the 3rd quarter worth about $4,810,000.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Truist Financial lifted their target price on Frontdoor from $56.00 to $58.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. The Goldman Sachs Group increased their target price on shares of Frontdoor from $41.00 to $46.00 and gave the company a “sell” 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 assigned a buy rating to the stock. According to MarketBeat.com, Frontdoor currently has an average rating of “Hold” and an average target price of $49.50.

Insiders Place Their Bets

In other news, COO Evan Iverson sold 16,000 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was 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 in the company, valued at approximately $291,552.20. This represents a 76.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Kathryn M. Collins sold 25,784 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $547,447.74. This represents a 73.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.29% of the company’s stock.

Frontdoor Stock Performance

Shares of NASDAQ:FTDR traded down $1.25 during midday trading on Friday, reaching $55.43. 165,412 shares of the company traded hands, compared to its average volume of 496,560. The firm’s fifty day moving average price is $56.63 and its two-hundred day moving average price is $48.64. The firm has a market capitalization of $4.20 billion, a price-to-earnings ratio of 18.35 and a beta of 1.08. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.16. Frontdoor, Inc. has a 12 month low of $29.41 and a 12 month high of $60.42.

Frontdoor (NASDAQ:FTDR) last released its quarterly earnings results on Monday, November 4th. The company reported $1.38 earnings per share 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 quarter in the prior year, the firm posted $0.94 earnings per share. The business’s quarterly revenue was up 3.1% on a year-over-year basis. On average, equities analysts expect that Frontdoor, Inc. will post 3.14 earnings per share for the current 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.