SG Americas Securities LLC reduced its position in Frontdoor Inc. (NASDAQ:FTDR – Free Report) by 39.0% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 12,979 shares of the company’s stock after selling 8,308 shares during the period. SG Americas Securities LLC’s holdings in Frontdoor were worth $686,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Frontdoor by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,846 shares of the company’s stock valued at $1,761,000 after buying an additional 1,994 shares during the period. Millennium Management LLC grew its position in Frontdoor by 533.0% during the first quarter. Millennium Management LLC now owns 307,497 shares of the company’s stock worth $11,814,000 after buying an additional 258,920 shares in the last quarter. Empowered Funds LLC increased its stake in Frontdoor by 10.5% in the 1st quarter. Empowered Funds LLC now owns 11,008 shares of the company’s stock worth $423,000 after acquiring an additional 1,044 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Frontdoor by 5.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 237,526 shares of the company’s stock valued at $9,126,000 after acquiring an additional 13,134 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Frontdoor by 164.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 799 shares of the company’s stock valued at $47,000 after acquiring an additional 497 shares in the last quarter.
Analysts Set New Price Targets
FTDR has been the topic of a number of research analyst reports. Weiss Ratings lowered shares of Frontdoor from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 21st. Benchmark began coverage on Frontdoor in a research report on Thursday, March 26th. They set a “buy” rating and a $80.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $72.00.
Frontdoor Trading Up 1.2%
Shares of FTDR stock traded up $0.93 during trading hours on Tuesday, reaching $80.00. The company’s stock had a trading volume of 15,014 shares, compared to its average volume of 625,818. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 4.95. Frontdoor Inc. has a one year low of $48.47 and a one year high of $80.73. The stock has a market capitalization of $5.62 billion, a P/E ratio of 22.84 and a beta of 1.46. The firm’s fifty day simple moving average is $66.87 and its 200 day simple moving average is $61.86.
Frontdoor (NASDAQ:FTDR – Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.66 by $0.07. Frontdoor had a net margin of 12.22% and a return on equity of 118.62%. The business had revenue of $451.00 million during the quarter, compared to analyst estimates of $442.28 million. During the same period last year, the business posted $0.64 earnings per share. Frontdoor’s quarterly revenue was up 5.9% compared to the same quarter last year. Equities research analysts expect that Frontdoor Inc. will post 4.48 EPS for the current year.
Frontdoor Company Profile
Frontdoor, Inc (NASDAQ:FTDR) is a leading provider of home service plans and repair solutions for residential property owners. The company offers contract-based coverage that helps homeowners manage the cost of repairing and replacing essential household systems and appliances, including heating and cooling, plumbing, electrical wiring, water heaters, washers, dryers, refrigerators and other major kitchen equipment.
Frontdoor delivers its services through a nationwide network of independent service professionals and contractors, leveraging a cloud-based platform and call center infrastructure to coordinate service visits and process claims.
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