BNP Paribas Financial Markets Acquires 23,922 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

BNP Paribas Financial Markets grew its holdings in shares of Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 15.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 179,858 shares of the company's stock after purchasing an additional 23,922 shares during the period. BNP Paribas Financial Markets owned approximately 0.24% of Frontdoor worth $8,631,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Exchange Traded Concepts LLC bought a new stake in Frontdoor in the third quarter worth about $27,000. GAMMA Investing LLC grew its position in Frontdoor by 90.7% in the second quarter. GAMMA Investing LLC now owns 879 shares of the company's stock worth $30,000 after buying an additional 418 shares during the last quarter. V Square Quantitative Management LLC bought a new position in shares of Frontdoor in the third quarter valued at $31,000. Isthmus Partners LLC lifted its position in shares of Frontdoor by 0.5% during the 2nd quarter. Isthmus Partners LLC now owns 110,249 shares of the company's stock valued at $37,000 after acquiring an additional 603 shares during the last quarter. Finally, Quarry LP boosted its stake in shares of Frontdoor by 468.1% during the 2nd quarter. Quarry LP now owns 1,085 shares of the company's stock worth $37,000 after acquiring an additional 894 shares in the last quarter.

Frontdoor Stock Down 0.2 %

Shares of FTDR traded down $0.13 during trading hours on Tuesday, reaching $58.10. The company's stock had a trading volume of 217,846 shares, compared to its average volume of 706,737. The company has a 50 day moving average of $52.53 and a two-hundred day moving average of $44.62. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.16. The firm has a market cap of $4.41 billion, a price-to-earnings ratio of 19.28 and a beta of 1.08. Frontdoor, Inc. has a 1-year low of $29.41 and a 1-year high of $60.42.

Frontdoor (NASDAQ:FTDR - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.33. The firm had revenue of $540.00 million for the quarter, compared to analyst estimates of $541.88 million. Frontdoor had a net margin of 12.87% and a return on equity of 132.99%. The company's revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.94 EPS. As a group, research analysts predict that Frontdoor, Inc. will post 3.14 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on FTDR. JPMorgan Chase & Co. upped 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. The Goldman Sachs Group lifted their target price on shares of Frontdoor from $41.00 to $46.00 and gave the stock a "sell" rating in a research report on Tuesday, November 5th. Finally, Truist Financial upped their price target on shares of Frontdoor from $56.00 to $58.00 and gave the company a "buy" rating in a research report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target 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.