KBC Group NV Sells 1,496 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

KBC Group NV cut its holdings in Frontdoor, Inc. (NASDAQ:FTDR) by 14.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,640 shares of the company’s stock after selling 1,496 shares during the period. KBC Group NV’s holdings in Frontdoor were worth $472,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Diversified Trust Co grew its holdings in Frontdoor by 2.5% in the 3rd quarter. Diversified Trust Co now owns 12,130 shares of the company’s stock worth $582,000 after acquiring an additional 299 shares during the last quarter. CWM LLC raised its position in Frontdoor by 15.8% during the 3rd quarter. CWM LLC now owns 2,695 shares of the company’s stock valued at $129,000 after purchasing an additional 367 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Frontdoor by 26.0% in the 4th quarter. GAMMA Investing LLC now owns 2,100 shares of the company’s stock worth $115,000 after buying an additional 433 shares during the last quarter. Exchange Traded Concepts LLC purchased a new position in shares of Frontdoor during the third quarter valued at approximately $27,000. Finally, V Square Quantitative Management LLC bought a new position in shares of Frontdoor during the third quarter valued at approximately $31,000.

Frontdoor Stock Down 3.3 %

Shares of Frontdoor stock opened at $59.88 on Monday. Frontdoor, Inc. has a 1 year low of $29.41 and a 1 year high of $63.49. The firm has a market cap of $4.54 billion, a price-to-earnings ratio of 19.83 and a beta of 1.08. The company has a 50-day moving average of $57.55 and a 200 day moving average of $51.54. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.42 and a quick ratio of 1.42.

Frontdoor (NASDAQ:FTDR) last released its 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. The firm had revenue of $540.00 million during the quarter, compared to analyst estimates of $541.88 million. Frontdoor had a net margin of 12.87% and a return on equity of 132.99%. The business’s revenue was up 3.1% on a year-over-year basis. During the same period last year, the business earned $0.94 earnings per share. As a group, sell-side analysts anticipate that Frontdoor, Inc. will post 3.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on FTDR shares. The Goldman Sachs Group boosted their price objective 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. Truist Financial boosted their price target on shares of Frontdoor from $56.00 to $58.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $49.50.

Insiders Place Their Bets

In related news, SVP Kathryn M. Collins sold 25,784 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $58.06, for a total transaction of $1,497,019.04. Following the completion of the sale, the senior vice president now directly owns 9,429 shares in the company, valued at approximately $547,447.74. The trade was a 73.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Evan Iverson sold 16,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $58.84, for a total value of $941,440.00. Following the transaction, the chief operating officer now owns 4,955 shares of the company’s stock, valued at approximately $291,552.20. This trade represents a 76.35 % 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 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.