Lazard Asset Management LLC increased its holdings in shares of Frontdoor Inc. (NASDAQ:FTDR – Free Report) by 20.6% in the first quarter, Holdings Channel reports. The firm owned 82,367 shares of the company’s stock after acquiring an additional 14,064 shares during the period. Lazard Asset Management LLC’s holdings in Frontdoor were worth $4,354,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in FTDR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake 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 worth $1,761,000 after purchasing an additional 1,994 shares in the last quarter. Millennium Management LLC boosted its position in shares of Frontdoor by 533.0% in 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 during the period. Empowered Funds LLC grew its stake in shares of Frontdoor by 10.5% in 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 grew its stake 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 valued at $9,126,000 after buying an additional 13,134 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Frontdoor by 164.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 799 shares of the company’s stock valued at $47,000 after buying an additional 497 shares during the period.
Analysts Set New Price Targets
Several research firms recently commented on FTDR. Truist Financial set a $82.00 price target on Frontdoor in a research report on Friday, July 24th. Weiss Ratings downgraded shares of Frontdoor from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $74.75.
Frontdoor Stock Down 1.2%
Shares of NASDAQ:FTDR opened at $72.63 on Friday. The firm has a market cap of $5.10 billion, a PE ratio of 20.81 and a beta of 1.46. The company has a fifty day simple moving average of $70.99 and a 200 day simple moving average of $63.97. 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 12-month low of $48.47 and a 12-month high of $80.73.
Frontdoor (NASDAQ:FTDR – Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.07. The firm had revenue of $451.00 million for the quarter, compared to the consensus estimate of $442.28 million. Frontdoor had a net margin of 12.22% and a return on equity of 118.62%. The firm’s revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.64 EPS. On average, equities research analysts anticipate that Frontdoor Inc. will post 4.48 EPS for the current fiscal 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.
Read More
- Five stocks we like better than Frontdoor
- Chevron’s Strong Quarter Shows Why It Still Leads the Energy Sector
- Amazon’s Earnings Beat Shows Why AWS Is Back at the Center of the Bull Case
- Apple’s Record Quarter Could Not Outrun Its Guidance Problem
- McKesson’s Compounding Keeps Adding Up
Want to see what other hedge funds are holding FTDR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Frontdoor Inc. (NASDAQ:FTDR – Free Report).
Receive News & Ratings for Frontdoor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Frontdoor and related companies with MarketBeat.com's FREE daily email newsletter.
