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

Harbor Capital Advisors Inc. boosted its stake in shares of Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 34.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 226,909 shares of the company's stock after buying an additional 58,482 shares during the quarter. Harbor Capital Advisors Inc. owned approximately 0.30% of Frontdoor worth $8,718,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of FTDR. Empowered Funds LLC bought a new stake in shares of Frontdoor in the 4th quarter valued at about $545,000. Allspring Global Investments Holdings LLC bought a new position in shares of Frontdoor in the 4th quarter worth $1,434,000. Values First Advisors Inc. purchased a new stake in shares of Frontdoor during the 4th quarter worth $298,000. Blue Trust Inc. grew its stake in Frontdoor by 315.3% in the fourth quarter. Blue Trust Inc. now owns 1,632 shares of the company's stock valued at $89,000 after purchasing an additional 1,239 shares during the last quarter. Finally, Nkcfo LLC bought a new position in Frontdoor in the fourth quarter worth about $96,000.

Wall Street Analyst Weigh In

A number of research firms recently commented on FTDR. Truist Financial increased their target price on shares of Frontdoor from $58.00 to $67.00 and gave the company a "buy" rating in a research report on Friday, February 14th. JPMorgan Chase & Co. raised their price target on shares of Frontdoor from $50.00 to $55.00 and gave the stock a "neutral" rating in a research report on Tuesday, June 3rd. Finally, The Goldman Sachs Group lowered their price target on shares of Frontdoor from $46.00 to $40.00 and set a "sell" rating on the stock in a report on Monday, March 3rd.

Frontdoor Stock Performance

Shares of FTDR traded down $0.48 during trading hours on Friday, hitting $56.43. The stock had a trading volume of 412,640 shares, compared to its average volume of 728,420. The firm has a 50-day moving average price of $49.37 and a 200 day moving average price of $51.15. Frontdoor, Inc. has a fifty-two week low of $32.95 and a fifty-two week high of $63.49. The firm has a market capitalization of $4.15 billion, a price-to-earnings ratio of 18.69 and a beta of 1.27. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.42 and a current ratio of 1.42.

Frontdoor (NASDAQ:FTDR - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.37 by $0.27. The company had revenue of $426.00 million for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the company earned $0.44 earnings per share. As a group, research analysts anticipate that Frontdoor, Inc. will post 3.07 EPS for the current year.

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.