Deutsche Bank AG Lowers Holdings in Frontdoor Inc. $FTDR

Key Points

• Deutsche Bank AG decreased its stake in Frontdoor Inc. by 2.4% in the first quarter, selling 6,234 shares for a total ownership of $9.8 million.
• Significant insider selling occurred, with SVP Jeffrey Fiarman disposing of 129,673 shares at an average price of $56.15, marking a 78.92% reduction in his position.
• Frontdoor reported earnings per share of $1.63 for the recent quarter, surpassing estimates, while its revenue increased by 13.8% year-over-year.

Deutsche Bank AG lowered its holdings in Frontdoor Inc. (NASDAQ:FTDR - Free Report) by 2.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 255,067 shares of the company's stock after selling 6,234 shares during the quarter. Deutsche Bank AG owned approximately 0.35% of Frontdoor worth $9,800,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of FTDR. Price T Rowe Associates Inc. MD raised its position in shares of Frontdoor by 621.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 881,083 shares of the company's stock worth $48,169,000 after acquiring an additional 758,947 shares in the last quarter. Fiera Capital Corp bought a new position in shares of Frontdoor in the 1st quarter worth approximately $28,024,000. Reinhart Partners LLC. raised its position in shares of Frontdoor by 16.2% in the 1st quarter. Reinhart Partners LLC. now owns 2,368,684 shares of the company's stock worth $91,005,000 after acquiring an additional 331,066 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Frontdoor in the 4th quarter worth approximately $17,465,000. Finally, Janus Henderson Group PLC raised its position in shares of Frontdoor by 275.6% in the 4th quarter. Janus Henderson Group PLC now owns 340,094 shares of the company's stock worth $18,605,000 after acquiring an additional 249,552 shares in the last quarter.

Analyst Ratings Changes

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

Frontdoor Stock Performance

Shares of FTDR stock traded up $0.64 on Tuesday, reaching $60.16. The stock had a trading volume of 225,568 shares, compared to its average volume of 747,504. The stock has a market cap of $4.38 billion, a P/E ratio of 17.72 and a beta of 1.32. Frontdoor Inc. has a 1 year low of $35.61 and a 1 year high of $64.91. The company has a debt-to-equity ratio of 4.56, a quick ratio of 1.49 and a current ratio of 1.49. The company has a 50 day simple moving average of $58.03 and a 200 day simple moving average of $51.28.

Frontdoor (NASDAQ:FTDR - Get Free Report) last released its quarterly earnings results 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 return on equity of 125.21% and a net margin of 13.07%.The company's revenue for the quarter was up 13.8% on a year-over-year basis. During the same period last year, the business posted $1.27 EPS. Frontdoor has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities research analysts expect 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 Frontdoor stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $56.15, for a total transaction of $7,281,138.95. Following the transaction, the senior vice president directly owned 34,646 shares in the company, valued at approximately $1,945,372.90. The trade was a 78.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.48% 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.