KBC Group NV lifted its stake in Frontdoor Inc. (NASDAQ:FTDR – Free Report) by 158.8% in the first quarter, HoldingsChannel reports. The firm owned 70,819 shares of the company’s stock after purchasing an additional 43,459 shares during the period. KBC Group NV’s holdings in Frontdoor were worth $3,743,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Frontdoor by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,846 shares of the company’s stock worth $1,761,000 after purchasing an additional 1,994 shares in the last quarter. Millennium Management LLC lifted its stake in Frontdoor by 533.0% during the first quarter. Millennium Management LLC now owns 307,497 shares of the company’s stock valued at $11,814,000 after buying an additional 258,920 shares in the last quarter. Empowered Funds LLC lifted its stake in Frontdoor by 10.5% during the first quarter. Empowered Funds LLC now owns 11,008 shares of the company’s stock valued at $423,000 after buying an additional 1,044 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Frontdoor by 5.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 237,526 shares of the company’s stock worth $9,126,000 after buying an additional 13,134 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Frontdoor by 164.6% in the second quarter. EverSource Wealth Advisors LLC now owns 799 shares of the company’s stock worth $47,000 after buying an additional 497 shares during the period.
Wall Street Analyst Weigh In
FTDR has been the topic of several analyst reports. Weiss Ratings downgraded shares of Frontdoor from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 21st. Truist Financial set a $82.00 price target on shares of Frontdoor in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $74.75.
Frontdoor Stock Performance
Shares of FTDR stock opened at $71.49 on Friday. Frontdoor Inc. has a 1-year low of $48.47 and a 1-year high of $80.73. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 4.95. The company has a market capitalization of $5.02 billion, a price-to-earnings ratio of 20.48 and a beta of 1.46. The stock’s fifty day simple moving average is $69.85 and its 200-day simple moving average is $63.47.
Frontdoor (NASDAQ:FTDR – Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.07. The firm had revenue of $451.00 million for the quarter, compared to analyst estimates of $442.28 million. Frontdoor had a return on equity of 118.62% and a net margin of 12.22%.Frontdoor’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.64 earnings per share. On average, sell-side analysts predict that Frontdoor Inc. will post 4.48 earnings per share for the current fiscal year.
About Frontdoor
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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