Motley Fool Asset Management LLC Sells 3,156 Shares of Frontdoor Inc. $FTDR

Motley Fool Asset Management LLC reduced its position in shares of Frontdoor Inc. (NASDAQ:FTDR) by 6.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,921 shares of the company’s stock after selling 3,156 shares during the quarter. Motley Fool Asset Management LLC owned 0.07% of Frontdoor worth $2,883,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bessemer Group Inc. raised its position in Frontdoor by 322.1% during the second quarter. Bessemer Group Inc. now owns 515 shares of the company’s stock worth $30,000 after acquiring an additional 393 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of Frontdoor in the first quarter valued at about $42,000. IFP Advisors Inc raised its position in shares of Frontdoor by 80,766.7% in the first quarter. IFP Advisors Inc now owns 2,426 shares of the company’s stock valued at $93,000 after purchasing an additional 2,423 shares during the period. GAMMA Investing LLC raised its position in shares of Frontdoor by 16.5% in the first quarter. GAMMA Investing LLC now owns 2,447 shares of the company’s stock valued at $94,000 after purchasing an additional 347 shares during the period. Finally, CWM LLC raised its position in shares of Frontdoor by 91.2% in the first quarter. CWM LLC now owns 2,574 shares of the company’s stock valued at $99,000 after purchasing an additional 1,228 shares during the period.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on FTDR. Weiss Ratings raised shares of Frontdoor from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Saturday. Oppenheimer increased their price objective on shares of Frontdoor from $56.00 to $63.00 and gave the company an “outperform” rating in a research report on Wednesday, August 6th. Zacks Research lowered shares of Frontdoor from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 10th. The Goldman Sachs Group raised their price target on shares of Frontdoor from $44.00 to $50.00 and gave the stock a “sell” rating in a research report on Wednesday, August 6th. Finally, Truist Financial raised their price target on shares of Frontdoor from $67.00 to $71.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Frontdoor presently has an average rating of “Hold” and an average price target of $59.75.

Frontdoor Price Performance

NASDAQ:FTDR opened at $68.12 on Wednesday. Frontdoor Inc. has a 52 week low of $35.61 and a 52 week high of $70.14. The firm has a market cap of $4.96 billion, a price-to-earnings ratio of 20.09 and a beta of 1.33. The firm’s 50-day simple moving average is $65.17 and its 200 day simple moving average is $58.08. The company has a debt-to-equity ratio of 4.56, a quick ratio of 1.49 and a current ratio of 1.49.

Frontdoor (NASDAQ:FTDR) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.19. The firm had revenue of $617.00 million for the quarter, compared to the consensus estimate of $602.62 million. Frontdoor had a net margin of 13.07% and a return on equity of 125.21%. The business’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.27 earnings per share. Frontdoor has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, sell-side analysts predict that Frontdoor Inc. will post 3.07 earnings per share for the current year.

Insider Transactions at Frontdoor

In other Frontdoor news, SVP Jeffrey Fiarman sold 129,673 shares of the stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $56.15, for a total transaction of $7,281,138.95. Following the sale, the senior vice president directly owned 34,646 shares in the company, valued at $1,945,372.90. This represents a 78.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.48% of the stock is owned by insiders.

Frontdoor 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.