Axa S.A. Sells 1,853 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

Axa S.A. trimmed its holdings in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 9.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,315 shares of the company’s stock after selling 1,853 shares during the period. Axa S.A.’s holdings in Frontdoor were worth $947,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. GAMMA Investing LLC grew its stake in Frontdoor by 26.0% in the fourth quarter. GAMMA Investing LLC now owns 2,100 shares of the company’s stock valued at $115,000 after acquiring an additional 433 shares during the period. Diversified Trust Co raised its holdings in Frontdoor by 11.1% during the fourth quarter. Diversified Trust Co now owns 13,475 shares of the company’s stock worth $737,000 after buying an additional 1,345 shares during the last quarter. USA Financial Formulas bought a new position in shares of Frontdoor in the fourth quarter valued at $60,000. Janney Montgomery Scott LLC grew its holdings in shares of Frontdoor by 37.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 41,971 shares of the company’s stock valued at $2,295,000 after buying an additional 11,385 shares during the last quarter. Finally, Blue Trust Inc. increased its position in shares of Frontdoor by 332.8% during the fourth quarter. Blue Trust Inc. now owns 1,701 shares of the company’s stock worth $93,000 after acquiring an additional 1,308 shares in the last quarter.

Frontdoor Stock Down 0.7 %

FTDR opened at $53.12 on Friday. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.16. The stock has a market cap of $3.91 billion, a price-to-earnings ratio of 17.59 and a beta of 1.21. The company’s 50-day moving average price is $40.88 and its two-hundred day moving average price is $50.99. Frontdoor, Inc. has a twelve month low of $32.95 and a twelve month high of $63.49.

Frontdoor (NASDAQ:FTDR) last issued its earnings results on Thursday, May 1st. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.27. Frontdoor had a net margin of 12.87% and a return on equity of 132.99%. The firm had revenue of $426.00 million during the quarter, compared to analyst estimates of $416.37 million. During the same quarter last year, the business earned $0.44 earnings per share. The company’s quarterly revenue was up 12.7% on a year-over-year basis. As a group, equities analysts expect that Frontdoor, Inc. will post 3.07 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on FTDR. The Goldman Sachs Group lowered their price objective 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 lifted their price objective on shares of Frontdoor from $58.00 to $67.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Finally, JPMorgan Chase & Co. downgraded shares of Frontdoor from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $58.00 to $40.00 in a report on Tuesday, April 22nd.

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.