BNP Paribas Financial Markets Boosts Stock Position in Frontdoor, Inc. (NASDAQ:FTDR)

BNP Paribas Financial Markets grew its holdings in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 15.3% in the third quarter, Holdings Channel reports. The institutional investor owned 179,858 shares of the company’s stock after purchasing an additional 23,922 shares during the period. BNP Paribas Financial Markets’ holdings in Frontdoor were worth $8,631,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in FTDR. Reinhart Partners LLC. lifted its stake in Frontdoor by 1.8% during the second quarter. Reinhart Partners LLC. now owns 2,330,937 shares of the company’s stock worth $78,762,000 after purchasing an additional 42,169 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of Frontdoor by 8.7% during the 2nd quarter. Victory Capital Management Inc. now owns 2,176,056 shares of the company’s stock worth $73,529,000 after buying an additional 173,624 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Frontdoor by 5.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,787,539 shares of the company’s stock worth $60,402,000 after buying an additional 89,301 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Frontdoor by 23.2% in the 2nd quarter. Renaissance Technologies LLC now owns 1,546,519 shares of the company’s stock valued at $52,257,000 after buying an additional 291,700 shares in the last quarter. Finally, Swedbank AB grew its position in shares of Frontdoor by 112.7% in the 2nd quarter. Swedbank AB now owns 1,210,600 shares of the company’s stock valued at $40,906,000 after buying an additional 641,476 shares during the last quarter.

Frontdoor Trading Down 0.6 %

NASDAQ FTDR opened at $58.23 on Tuesday. The firm’s fifty day moving average is $52.31 and its two-hundred day moving average is $44.46. Frontdoor, Inc. has a one year low of $29.41 and a one year high of $60.42. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.42 and a current ratio of 1.42. The firm has a market cap of $4.41 billion, a PE ratio of 19.40 and a beta of 1.03.

Frontdoor (NASDAQ:FTDR) last issued its quarterly earnings results on Monday, November 4th. The company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.33. Frontdoor had a return on equity of 132.99% and a net margin of 12.87%. The firm had revenue of $540.00 million for the quarter, compared to analysts’ expectations of $541.88 million. During the same quarter in the previous year, the firm posted $0.94 EPS. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. Analysts expect that Frontdoor, Inc. will post 3.14 earnings per share for the current year.

Wall Street Analyst Weigh In

FTDR has been the subject of a number of research reports. The Goldman Sachs Group boosted their price target on shares of Frontdoor from $41.00 to $46.00 and gave the company a “sell” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. boosted their target price on Frontdoor from $45.00 to $55.00 and gave the company an “overweight” rating in a report on Monday, August 12th. Finally, Truist Financial raised their price target on Frontdoor from $56.00 to $58.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Frontdoor presently has a consensus rating of “Hold” and a consensus target price of $49.50.

Frontdoor 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.