Frontdoor, Inc. (NASDAQ:FTDR) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. cut its holdings in shares of Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 47.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 466,710 shares of the company's stock after selling 422,732 shares during the quarter. Assenagon Asset Management S.A. owned 0.60% of Frontdoor worth $22,397,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Millennium Management LLC lifted its position in shares of Frontdoor by 440.4% during the 2nd quarter. Millennium Management LLC now owns 908,904 shares of the company's stock worth $30,712,000 after purchasing an additional 740,711 shares during the last quarter. Swedbank AB increased its holdings in Frontdoor by 112.7% in the second 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 in the last quarter. Boston Partners raised 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 worth $201,662,000 after buying an additional 506,217 shares during the last quarter. Invenomic Capital Management LP raised its position in shares of Frontdoor by 57.3% during the 1st quarter. Invenomic Capital Management LP now owns 1,072,445 shares of the company's stock worth $34,940,000 after purchasing an additional 390,610 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Frontdoor by 3.8% in 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 in the last quarter.

Analyst Ratings Changes

A number of analysts have issued reports on the company. The Goldman Sachs Group raised their price target on Frontdoor from $33.00 to $41.00 and gave the stock a "sell" rating in a research note on Friday, August 2nd. William Blair raised shares of Frontdoor from a "market perform" rating to an "outperform" rating in a research report on Friday, August 2nd. Truist Financial lifted their target price on Frontdoor from $45.00 to $56.00 and gave the stock a "buy" rating in a research report on Friday, August 2nd. Finally, JPMorgan Chase & Co. upped their price target on shares of Frontdoor from $45.00 to $55.00 and gave the company an "overweight" rating in a report on Monday, August 12th. 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 company's stock. According to data from MarketBeat, Frontdoor presently has a consensus rating of "Hold" and an average target price of $47.75.

Frontdoor Stock Performance

FTDR traded down $0.24 on Friday, hitting $49.97. 337,565 shares of the company's stock were exchanged, compared to its average volume of 591,697. The firm has a market cap of $3.82 billion, a PE ratio of 19.15 and a beta of 1.04. The stock has a fifty day moving average of $48.57 and a two-hundred day moving average of $40.39. Frontdoor, Inc. has a twelve month low of $28.25 and a twelve month high of $53.10. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 2.66.

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, topping analysts' consensus estimates of $1.00 by $0.27. The business had revenue of $542.00 million for the quarter, compared to analysts' expectations of $536.74 million. Frontdoor had a net margin of 11.38% and a return on equity of 132.94%. The company's revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.87 EPS. On average, research analysts anticipate that Frontdoor, Inc. will post 2.79 earnings per share 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.