Intech Investment Management LLC Grows Position in Frontdoor, Inc. (NASDAQ:FTDR)

Intech Investment Management LLC boosted its position in shares of Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 157.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,697 shares of the company's stock after purchasing an additional 13,275 shares during the period. Intech Investment Management LLC's holdings in Frontdoor were worth $1,041,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FTDR. Diversified Trust Co boosted its stake in shares of Frontdoor by 2.5% during the third quarter. Diversified Trust Co now owns 12,130 shares of the company's stock valued at $582,000 after purchasing an additional 299 shares during the period. Tidal Investments LLC boosted its position in Frontdoor by 2.2% in the 1st quarter. Tidal Investments LLC now owns 15,740 shares of the company's stock valued at $513,000 after buying an additional 344 shares during the period. CWM LLC grew its stake in Frontdoor by 15.8% in the 3rd quarter. CWM LLC now owns 2,695 shares of the company's stock worth $129,000 after acquiring an additional 367 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Frontdoor by 90.7% during the second quarter. GAMMA Investing LLC now owns 879 shares of the company's stock worth $30,000 after acquiring an additional 418 shares during the period. Finally, Exchange Traded Concepts LLC bought a new stake in shares of Frontdoor during the third quarter valued at approximately $27,000.

Analyst Upgrades and Downgrades

FTDR has been the topic of several research reports. JPMorgan Chase & Co. raised their price objective on Frontdoor from $45.00 to $55.00 and gave the stock an "overweight" rating in a report on Monday, August 12th. Truist Financial lifted their price objective on Frontdoor from $56.00 to $58.00 and gave the company a "buy" rating in a report on Tuesday, November 5th. William Blair upgraded shares of Frontdoor from a "market perform" rating to an "outperform" rating in a report on Friday, August 2nd. Finally, The Goldman Sachs Group raised their target price 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. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Frontdoor has a consensus rating of "Hold" and a consensus price target of $49.50.

Frontdoor Stock Down 0.8 %

FTDR stock traded down $0.46 during trading on Thursday, reaching $58.17. 402,099 shares of the company traded hands, compared to its average volume of 711,563. The company has a market capitalization of $4.41 billion, a price-to-earnings ratio of 19.26 and a beta of 1.03. 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 business has a 50 day simple moving average of $51.92 and a 200 day simple moving average of $44.10. Frontdoor, Inc. has a 12 month low of $29.41 and a 12 month high of $60.42.

Frontdoor (NASDAQ:FTDR - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.05 by $0.33. The firm had revenue of $540.00 million during 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%. Frontdoor's revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.94 EPS. On average, equities research analysts anticipate that Frontdoor, Inc. will post 3.14 earnings per share for the current fiscal year.

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.