Liontrust Investment Partners LLP Sells 43,826 Shares of Frontdoor Inc. $FTDR

Key Points

• Liontrust Investment Partners LLP reduced its stake in Frontdoor Inc. by 17.0% in the first quarter, now owning 214,089 shares valued at approximately $8.2 million.
• Frontdoor reported earnings per share (EPS) of $1.63 for the recent quarter, exceeding analysts' estimates and showing a 13.8% year-over-year revenue increase.
• Insider selling was noted, with SVP Jeffrey Fiarman offloading 129,673 shares for over $7.28 million, resulting in a significant decrease in his overall position.

Liontrust Investment Partners LLP lowered its holdings in shares of Frontdoor Inc. (NASDAQ:FTDR - Free Report) by 17.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 214,089 shares of the company's stock after selling 43,826 shares during the quarter. Liontrust Investment Partners LLP owned approximately 0.29% of Frontdoor worth $8,225,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in FTDR. Quantinno Capital Management LP grew its holdings in Frontdoor by 0.8% during the 4th quarter. Quantinno Capital Management LP now owns 24,212 shares of the company's stock valued at $1,324,000 after buying an additional 183 shares in the last quarter. Mariner LLC grew its holdings in Frontdoor by 4.0% during the 4th quarter. Mariner LLC now owns 7,311 shares of the company's stock valued at $400,000 after buying an additional 284 shares in the last quarter. Xponance Inc. grew its holdings in Frontdoor by 5.0% during the 1st quarter. Xponance Inc. now owns 5,971 shares of the company's stock valued at $229,000 after buying an additional 285 shares in the last quarter. GAMMA Investing LLC grew its holdings in Frontdoor by 16.5% during the 1st quarter. GAMMA Investing LLC now owns 2,447 shares of the company's stock valued at $94,000 after buying an additional 347 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale grew its holdings in Frontdoor by 2.9% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 13,172 shares of the company's stock valued at $492,000 after buying an additional 368 shares in the last quarter.

Frontdoor Trading Down 2.1%

Shares of FTDR stock traded down $1.25 on Wednesday, reaching $59.05. 69,169 shares of the company's stock were exchanged, compared to its average volume of 744,797. Frontdoor Inc. has a 52 week low of $35.61 and a 52 week high of $64.91. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 4.56. The stock has a market capitalization of $4.30 billion, a PE ratio of 17.46 and a beta of 1.32. The company's fifty day simple moving average is $58.10 and its 200 day simple moving average is $51.34.

Frontdoor (NASDAQ:FTDR - Get Free Report) last issued 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. Frontdoor had a return on equity of 125.21% and a net margin of 13.07%.The firm had revenue of $617.00 million during the quarter, compared to analyst estimates of $602.62 million. During the same period last year, the company earned $1.27 EPS. Frontdoor's quarterly revenue was up 13.8% compared to the same quarter last year. Frontdoor has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, analysts forecast that Frontdoor Inc. will post 3.07 EPS for the current year.

Wall Street Analysts Forecast Growth

FTDR has been the subject of several research analyst reports. Oppenheimer raised their price target on Frontdoor from $56.00 to $63.00 and gave the company an "outperform" rating in a report on Wednesday, August 6th. The Goldman Sachs Group raised their price target on Frontdoor from $44.00 to $50.00 and gave the company a "sell" rating in a report on Wednesday, August 6th. Truist Financial raised their price target on Frontdoor from $67.00 to $71.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Finally, 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 note on Tuesday, June 3rd. Two equities 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 MarketBeat.com, Frontdoor currently has an average rating of "Hold" and an average target price of $59.75.

Insiders Place Their Bets

In other Frontdoor 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 completion of the sale, the senior vice president directly owned 34,646 shares of the company's stock, valued at $1,945,372.90. The trade was a 78.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.48% of the stock is currently owned by company insiders.

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.