Sei Investments Co. Buys 13,075 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

Sei Investments Co. boosted its holdings in Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 145.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,054 shares of the company's stock after purchasing an additional 13,075 shares during the period. Sei Investments Co.'s holdings in Frontdoor were worth $745,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in FTDR. Vanguard Group Inc. raised its position in Frontdoor by 3.8% during the 1st quarter. Vanguard Group Inc. now owns 10,179,139 shares of the company's stock valued at $331,636,000 after purchasing an additional 373,091 shares during the last quarter. Boston Partners boosted its stake in shares of Frontdoor by 8.9% during the 1st quarter. Boston Partners now owns 6,198,543 shares of the company's stock valued at $201,662,000 after purchasing an additional 506,217 shares in the last quarter. Reinhart Partners LLC. lifted its holdings in Frontdoor by 1.8% in the second quarter. Reinhart Partners LLC. now owns 2,330,937 shares of the company's stock worth $78,762,000 after buying an additional 42,169 shares during the period. Victory Capital Management Inc. boosted its position in Frontdoor by 8.7% during the 2nd quarter. Victory Capital Management Inc. now owns 2,176,056 shares of the company's stock valued at $73,529,000 after acquiring an additional 173,624 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings 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 acquiring an additional 89,301 shares during the period.

Wall Street Analyst Weigh In

FTDR has been the topic of several research reports. William Blair upgraded Frontdoor from a "market perform" rating to an "outperform" rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. lifted their target price on shares of Frontdoor from $45.00 to $55.00 and gave the company an "overweight" rating in a report on Monday, August 12th. Truist Financial upped their price target on Frontdoor from $45.00 to $56.00 and gave the stock a "buy" rating in a research note on Friday, August 2nd. Finally, The Goldman Sachs Group lifted their price target on Frontdoor from $33.00 to $41.00 and gave the stock a "sell" rating in a research report on Friday, August 2nd. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $47.75.

Frontdoor Stock Up 0.6 %

Shares of FTDR stock traded up $0.27 during mid-day trading on Wednesday, hitting $48.13. The company's stock had a trading volume of 543,960 shares, compared to its average volume of 731,179. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.27 and a current ratio of 1.27. Frontdoor, Inc. has a 52-week low of $28.25 and a 52-week high of $49.43. The stock has a market cap of $3.74 billion, a price-to-earnings ratio of 21.09 and a beta of 1.04. The business has a 50-day moving average price of $47.03 and a 200 day moving average price of $38.72.

Frontdoor (NASDAQ:FTDR - Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The company reported $1.27 earnings per share 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 analysts' expectations of $536.74 million. During the same period in the previous year, the company earned $0.87 earnings per share. The firm's quarterly revenue was up 3.6% on a year-over-year basis. Research analysts predict 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.