Oregon Public Employees Retirement Fund Sells 241 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

Oregon Public Employees Retirement Fund lessened its holdings in Frontdoor, Inc. (NASDAQ:FTDR) by 1.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,795 shares of the company’s stock after selling 241 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Frontdoor were worth $973,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Los Angeles Capital Management LLC grew its position in Frontdoor by 59.0% in the fourth quarter. Los Angeles Capital Management LLC now owns 101,282 shares of the company’s stock valued at $5,537,000 after acquiring an additional 37,583 shares during the last quarter. Blackhawk Capital Partners LLC. boosted its stake in shares of Frontdoor by 3.2% during the fourth quarter. Blackhawk Capital Partners LLC. now owns 25,540 shares of the company’s stock valued at $1,396,000 after purchasing an additional 791 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Frontdoor by 3.1% during the fourth quarter. Principal Financial Group Inc. now owns 399,821 shares of the company’s stock valued at $21,858,000 after purchasing an additional 11,854 shares in the last quarter. Nkcfo LLC acquired a new stake in shares of Frontdoor during the fourth quarter valued at about $96,000. Finally, Blue Trust Inc. boosted its stake in shares of Frontdoor by 315.3% during 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 in the last quarter.

Insider Buying and Selling

In related news, SVP Kathryn M. Collins sold 25,784 shares of Frontdoor stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $58.06, for a total value of $1,497,019.04. Following the transaction, the senior vice president now directly owns 9,429 shares of the company’s stock, valued at $547,447.74. The trade was a 73.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Evan Iverson sold 16,000 shares of Frontdoor stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $58.84, for a total value of $941,440.00. Following the completion of the transaction, the chief operating officer now directly owns 4,955 shares in the company, valued at approximately $291,552.20. This represents a 76.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.29% of the stock is owned by insiders.

Frontdoor Price Performance

Frontdoor stock opened at $45.48 on Friday. The stock’s 50 day moving average is $57.24 and its 200 day moving average is $53.73. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.42 and a quick ratio of 1.42. The firm has a market cap of $3.45 billion, a P/E ratio of 15.06 and a beta of 1.08. Frontdoor, Inc. has a one year low of $29.41 and a one year high of $63.49.

Analyst Ratings Changes

A number of brokerages have recently commented on FTDR. The Goldman Sachs Group lifted their price target on Frontdoor from $41.00 to $46.00 and gave the company a “sell” rating in a research note on Tuesday, November 5th. Truist Financial lifted their price target on Frontdoor from $58.00 to $67.00 and gave the company a “buy” rating in a research note on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $51.75.

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.