Frontdoor, Inc. (NASDAQ:FTDR) Shares Bought by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. raised its holdings in shares of Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 34.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 226,909 shares of the company's stock after acquiring an additional 58,482 shares during the period. Harbor Capital Advisors Inc. owned approximately 0.30% of Frontdoor worth $8,718,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FTDR. Bessemer Group Inc. grew its position in Frontdoor by 514.7% during the fourth quarter. Bessemer Group Inc. now owns 627 shares of the company's stock valued at $34,000 after buying an additional 525 shares during the period. TD Private Client Wealth LLC raised its holdings in Frontdoor by 12.9% in the 4th quarter. TD Private Client Wealth LLC now owns 1,597 shares of the company's stock worth $87,000 after purchasing an additional 183 shares during the period. Blue Trust Inc. raised its holdings in Frontdoor by 315.3% in the 4th quarter. Blue Trust Inc. now owns 1,632 shares of the company's stock worth $89,000 after purchasing an additional 1,239 shares during the period. Nkcfo LLC purchased a new position in Frontdoor during the fourth quarter worth approximately $96,000. Finally, Smartleaf Asset Management LLC grew its holdings in Frontdoor by 360.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,484 shares of the company's stock valued at $136,000 after purchasing an additional 1,945 shares during the period.

Frontdoor Stock Up 1.3%

FTDR stock traded up $0.74 during mid-day trading on Thursday, reaching $56.94. The company had a trading volume of 249,023 shares, compared to its average volume of 729,057. The firm has a fifty day simple moving average of $48.62 and a 200 day simple moving average of $51.19. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.42 and a current ratio of 1.42. The company has a market capitalization of $4.19 billion, a price-to-earnings ratio of 18.85 and a beta of 1.27. Frontdoor, Inc. has a fifty-two week low of $32.95 and a fifty-two week high of $63.49.

Frontdoor (NASDAQ:FTDR - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.64 earnings per share for the quarter, beating analysts' consensus estimates of $0.37 by $0.27. The company had revenue of $426.00 million for the quarter, compared to analysts' expectations of $416.37 million. Frontdoor had a return on equity of 132.99% and a net margin of 12.87%. Frontdoor's quarterly revenue was up 12.7% on a year-over-year basis. During the same period last year, the firm earned $0.44 earnings per share. Analysts forecast that Frontdoor, Inc. will post 3.07 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

FTDR has been the subject of several research analyst reports. The Goldman Sachs Group reduced their target price on Frontdoor from $46.00 to $40.00 and set a "sell" rating for the company in a research note on Monday, March 3rd. Truist Financial upped their price objective on shares of Frontdoor from $58.00 to $67.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Frontdoor from $50.00 to $55.00 and gave the company a "neutral" rating in a research report on Tuesday, June 3rd.

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.