Central Pacific Bank Trust Division Has $130,000 Stock Holdings in Frontdoor, Inc. (NASDAQ:FTDR)

Central Pacific Bank Trust Division lowered its stake in Frontdoor, Inc. (NASDAQ:FTDR) by 26.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,378 shares of the company’s stock after selling 870 shares during the quarter. Central Pacific Bank Trust Division’s holdings in Frontdoor were worth $130,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of FTDR. Natixis Advisors LLC bought a new stake in shares of Frontdoor during the 2nd quarter worth approximately $513,000. TD Asset Management Inc increased its holdings in Frontdoor by 17.5% during the second quarter. TD Asset Management Inc now owns 132,800 shares of the company’s stock worth $4,487,000 after buying an additional 19,800 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Frontdoor by 8.7% in the second quarter. Victory Capital Management Inc. now owns 2,176,056 shares of the company’s stock valued at $73,529,000 after acquiring an additional 173,624 shares during the last quarter. Wakefield Asset Management LLLP acquired a new stake in Frontdoor in the second quarter valued at $870,000. Finally, Isthmus Partners LLC increased its stake in shares of Frontdoor by 0.5% during the 2nd 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 last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on FTDR shares. The Goldman Sachs Group raised their target price on shares of Frontdoor from $41.00 to $46.00 and gave the company a “sell” rating in a research note on Tuesday, November 5th. Truist Financial lifted their target price on Frontdoor from $56.00 to $58.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. One investment 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 data from MarketBeat.com, Frontdoor presently has a consensus rating of “Hold” and an average target price of $49.50.

Frontdoor Trading Up 0.1 %

Shares of NASDAQ:FTDR opened at $54.89 on Friday. Frontdoor, Inc. has a 12-month low of $29.41 and a 12-month high of $60.42. The business has a 50 day moving average of $56.17 and a 200-day moving average of $48.16. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.16. The stock has a market cap of $4.16 billion, a PE ratio of 18.18 and a beta of 1.08.

Frontdoor (NASDAQ:FTDR) last released its quarterly earnings results on Monday, November 4th. The company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.33. Frontdoor had a return on equity of 132.99% and a net margin of 12.87%. The business had revenue of $540.00 million during the quarter, compared to the consensus estimate of $541.88 million. During the same period in the previous year, the company posted $0.94 EPS. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. As a group, equities research analysts forecast that Frontdoor, Inc. will post 3.14 earnings per share for the current year.

Insider Buying and Selling

In other Frontdoor news, COO Evan Iverson sold 16,000 shares of the firm’s 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 transaction, the chief operating officer now owns 4,955 shares in the company, valued at $291,552.20. This trade represents a 76.35 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Kathryn M. Collins sold 25,784 shares of the company’s stock in a transaction on 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 sale, the senior vice president now owns 9,429 shares of the company’s stock, valued at approximately $547,447.74. The trade was a 73.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.29% of the stock is owned by insiders.

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.