Frontdoor, Inc. (NASDAQ:FTDR) Shares Purchased by Bridgewater Associates LP

Bridgewater Associates LP lifted its position in Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 146.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 63,721 shares of the company's stock after acquiring an additional 37,881 shares during the period. Bridgewater Associates LP owned 0.08% of Frontdoor worth $3,058,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of FTDR. Diversified Trust Co increased its position in Frontdoor by 2.5% in the third quarter. Diversified Trust Co now owns 12,130 shares of the company's stock worth $582,000 after buying an additional 299 shares in the last quarter. Tidal Investments LLC raised its stake in Frontdoor by 2.2% during the 1st quarter. Tidal Investments LLC now owns 15,740 shares of the company's stock worth $513,000 after acquiring an additional 344 shares during the period. CWM LLC lifted its holdings in Frontdoor by 15.8% during the third quarter. CWM LLC now owns 2,695 shares of the company's stock valued at $129,000 after purchasing an additional 367 shares in the last quarter. GAMMA Investing LLC boosted its position 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 period. Finally, Exchange Traded Concepts LLC purchased a new stake in shares of Frontdoor in the third quarter worth $27,000.

Frontdoor Trading Up 0.7 %

Shares of NASDAQ:FTDR traded up $0.43 during trading on Friday, hitting $58.60. The company had a trading volume of 293,323 shares, compared to its average volume of 559,174. The stock has a market cap of $4.44 billion, a price-to-earnings ratio of 19.40 and a beta of 1.03. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.42 and a quick ratio of 1.42. The company has a fifty day simple moving average of $52.31 and a two-hundred day simple moving average of $44.41. Frontdoor, Inc. has a one year low of $29.41 and a one year high of $60.42.

Frontdoor (NASDAQ:FTDR - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $540.00 million for the quarter, compared to analysts' expectations of $541.88 million. Frontdoor had a return on equity of 132.99% and a net margin of 12.87%. The company's revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period last year, the firm earned $0.94 earnings per share. As a group, equities analysts forecast that Frontdoor, Inc. will post 3.14 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on FTDR shares. JPMorgan Chase & Co. lifted their price objective on shares of Frontdoor from $45.00 to $55.00 and gave the company an "overweight" rating in a research report on Monday, August 12th. Truist Financial lifted their price target on shares of Frontdoor from $56.00 to $58.00 and gave the company a "buy" rating in a report on Tuesday, November 5th. Finally, The Goldman Sachs Group increased their price objective on shares of Frontdoor from $41.00 to $46.00 and gave the company a "sell" rating in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Frontdoor currently has an average rating of "Hold" and an average price target of $49.50.

Frontdoor Company 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.