Cambiar Investors LLC Decreases Stock Holdings in Frontdoor Inc. $FTDR

Key Points

• Cambiar Investors LLC reduced its holdings in Frontdoor Inc. by 16.5%, selling 9,180 shares during the first quarter, leading to ownership of approximately 0.06% worth $1,789,000 as of its latest SEC filing.
• Several investors significantly increased their positions in Frontdoor during the same quarter, with CWM LLC leading with a 91.2% increase in their stake.
• Frontdoor Inc. reported earnings of $1.63 per share for the last quarter, surpassing analysts' expectations and marking a 13.8% year-over-year revenue growth.

Cambiar Investors LLC cut its holdings in shares of Frontdoor Inc. (NASDAQ:FTDR - Free Report) by 16.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,555 shares of the company's stock after selling 9,180 shares during the period. Cambiar Investors LLC owned about 0.06% of Frontdoor worth $1,789,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of FTDR. Caitong International Asset Management Co. Ltd bought a new position in Frontdoor in the first quarter valued at about $42,000. IFP Advisors Inc lifted its holdings in 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 buying an additional 2,423 shares during the period. GAMMA Investing LLC increased its stake in 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 in the last quarter. CWM LLC increased its stake in 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 in the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Frontdoor by 70.3% during the first quarter. Blue Trust Inc. now owns 2,780 shares of the company's stock valued at $107,000 after buying an additional 1,148 shares during the last quarter.

Frontdoor Stock Performance

Shares of NASDAQ:FTDR traded up $1.09 during trading on Friday, hitting $59.76. 624,663 shares of the company were exchanged, compared to its average volume of 730,103. Frontdoor Inc. has a 52-week low of $35.61 and a 52-week high of $64.91. The company has a market cap of $4.35 billion, a PE ratio of 17.63 and a beta of 1.32. The company has a debt-to-equity ratio of 4.56, a current ratio of 1.49 and a quick ratio of 1.49. The stock has a 50 day moving average of $58.25 and a 200 day moving average of $51.40.

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

Insiders Place Their Bets

In related news, SVP Jeffrey Fiarman sold 129,673 shares of the company's stock in a transaction that occurred on 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 owned 34,646 shares of the company's stock, valued at approximately $1,945,372.90. This represents a 78.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.48% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on FTDR. Truist Financial boosted their price target on shares of Frontdoor from $67.00 to $71.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. The Goldman Sachs Group boosted their price target on shares of Frontdoor from $44.00 to $50.00 and gave the stock a "sell" rating in a report on Wednesday, August 6th. Oppenheimer boosted their price target on shares of Frontdoor from $56.00 to $63.00 and gave the stock an "outperform" rating in a report on Wednesday, August 6th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Frontdoor from $50.00 to $55.00 and gave the stock a "neutral" rating in a report on Tuesday, June 3rd. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Frontdoor has a consensus rating of "Hold" and a consensus target price of $59.75.

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.