Axa S.A. Purchases 5,163 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

Axa S.A. boosted its position in Frontdoor, Inc. (NASDAQ:FTDR) by 44.2% during the second quarter, Holdings Channel.com reports. The fund owned 16,844 shares of the company’s stock after acquiring an additional 5,163 shares during the period. Axa S.A.’s holdings in Frontdoor were worth $569,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC grew its stake in shares of Frontdoor by 90.7% in the second quarter. GAMMA Investing LLC now owns 879 shares of the company’s stock worth $30,000 after purchasing an additional 418 shares during the last quarter. Isthmus Partners LLC increased its stake in shares of Frontdoor by 0.5% during the second quarter. Isthmus Partners LLC now owns 110,249 shares of the company’s stock valued at $37,000 after buying an additional 603 shares during the period. Covestor Ltd raised its holdings in shares of Frontdoor by 288.6% during the first quarter. Covestor Ltd now owns 1,154 shares of the company’s stock valued at $38,000 after acquiring an additional 857 shares in the last quarter. C M Bidwell & Associates Ltd. purchased a new stake in Frontdoor in the fourth quarter worth $71,000. Finally, nVerses Capital LLC purchased a new stake in Frontdoor in the second quarter worth $128,000.

Analyst Ratings Changes

FTDR has been the subject of several research reports. William Blair upgraded shares of Frontdoor from a “market perform” rating to an “outperform” rating in a report on Friday, August 2nd. Truist Financial increased their price target on shares of Frontdoor from $45.00 to $56.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. The Goldman Sachs Group lifted their price objective on Frontdoor from $33.00 to $41.00 and gave the company a “sell” rating in a research report on Friday, August 2nd. Finally, JPMorgan Chase & Co. increased their target price on Frontdoor from $45.00 to $55.00 and gave the stock an “overweight” rating in a research report on Monday, August 12th. One 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. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $47.75.

Frontdoor Trading Down 1.8 %

Shares of NASDAQ FTDR opened at $47.11 on Wednesday. Frontdoor, Inc. has a 1 year low of $28.25 and a 1 year high of $49.43. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.27 and a quick ratio of 1.27. The firm has a 50-day moving average of $45.92 and a 200 day moving average of $38.04. The stock has a market cap of $3.66 billion, a P/E ratio of 20.66 and a beta of 1.04.

Frontdoor (NASDAQ:FTDR) last released its earnings results on Thursday, August 1st. The company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.27. Frontdoor had a net margin of 11.38% and a return on equity of 132.94%. The firm had revenue of $542.00 million during the quarter, compared to analyst estimates of $536.74 million. During the same period last year, the business earned $0.87 earnings per share. The business’s revenue was up 3.6% on a year-over-year basis. As a group, sell-side analysts expect that Frontdoor, Inc. will post 2.79 EPS for the current fiscal year.

About Frontdoor

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.