Cambiar Investors LLC Cuts Stock Position in Frontdoor, Inc. (NASDAQ:FTDR)

Cambiar Investors LLC cut its holdings in Frontdoor, Inc. (NASDAQ:FTDR) by 7.9% in the fourth quarter, HoldingsChannel reports. The firm owned 55,735 shares of the company’s stock after selling 4,780 shares during the quarter. Cambiar Investors LLC’s holdings in Frontdoor were worth $3,047,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of FTDR. Castellan Group purchased a new position in shares of Frontdoor in the third quarter valued at $5,881,000. Moody Aldrich Partners LLC purchased a new position in shares of Frontdoor in the third quarter valued at $4,810,000. Harbor Capital Advisors Inc. boosted its stake in Frontdoor by 84.0% during the third quarter. Harbor Capital Advisors Inc. now owns 184,408 shares of the company’s stock worth $8,850,000 after buying an additional 84,167 shares during the period. Geode Capital Management LLC boosted its stake in Frontdoor by 3.7% during the third quarter. Geode Capital Management LLC now owns 2,113,474 shares of the company’s stock worth $101,442,000 after buying an additional 74,542 shares during the period. Finally, Eventide Asset Management LLC purchased a new position in Frontdoor during the third quarter worth $2,942,000.

Frontdoor Stock Down 1.8 %

NASDAQ:FTDR opened at $57.85 on Tuesday. Frontdoor, Inc. has a twelve month low of $29.41 and a twelve month high of $63.49. The company has a market cap of $4.39 billion, a price-to-earnings ratio of 19.16 and a beta of 1.08. The stock has a fifty day simple moving average of $57.63 and a 200-day simple moving average of $52.47. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.16.

Analysts Set New Price Targets

FTDR has been the subject of several recent analyst reports. The Goldman Sachs Group lifted their price objective on shares of Frontdoor from $41.00 to $46.00 and gave the stock a “sell” rating in a research note on Tuesday, November 5th. Truist Financial lifted their price objective on shares of Frontdoor from $56.00 to $58.00 and gave the stock a “buy” rating in a research note 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 company. Based on data from MarketBeat, Frontdoor presently has an average rating of “Hold” and an average target price of $49.50.

Insider Transactions at Frontdoor

In other news, COO Evan Iverson sold 16,000 shares of Frontdoor 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 sale, 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 ownership of the stock. 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 Frontdoor stock in a transaction on 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 owns 9,429 shares of the company’s stock, valued at approximately $547,447.74. This trade 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.

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.