Frontdoor, Inc. (NASDAQ:FTDR) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. lifted its holdings in Frontdoor, Inc. (NASDAQ:FTDR) by 2.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,806,048 shares of the company’s stock after purchasing an additional 249,789 shares during the period. Vanguard Group Inc. owned about 12.51% of Frontdoor worth $345,369,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Janney Montgomery Scott LLC bought a new position in shares of Frontdoor in the third quarter valued at $200,000. FMR LLC raised its position in shares of Frontdoor by 0.3% during the third quarter. FMR LLC now owns 581,862 shares of the company’s stock worth $17,799,000 after purchasing an additional 1,839 shares during the period. Invesco Ltd. lifted its holdings in shares of Frontdoor by 3.5% during the third quarter. Invesco Ltd. now owns 442,016 shares of the company’s stock valued at $13,521,000 after purchasing an additional 14,969 shares during the last quarter. Hsbc Holdings PLC boosted its position in shares of Frontdoor by 22.3% in the 3rd quarter. Hsbc Holdings PLC now owns 68,078 shares of the company’s stock valued at $2,107,000 after purchasing an additional 12,410 shares during the period. Finally, Acadian Asset Management LLC purchased a new position in Frontdoor in the 3rd quarter worth about $88,000.

Frontdoor Stock Performance

Shares of NASDAQ FTDR opened at $33.79 on Friday. The company has a market capitalization of $2.63 billion, a P/E ratio of 14.82 and a beta of 1.01. The business’s 50-day moving average price is $34.70 and its two-hundred day moving average price is $33.39. Frontdoor, Inc. has a one year low of $28.25 and a one year high of $38.97. The company has a debt-to-equity ratio of 3.54, a current ratio of 1.14 and a quick ratio of 1.14.

Frontdoor (NASDAQ:FTDR) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.23. The company had revenue of $378.00 million for the quarter, compared to analyst estimates of $376.36 million. Frontdoor had a net margin of 10.27% and a return on equity of 132.00%. Analysts anticipate that Frontdoor, Inc. will post 2.52 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company upped their price objective on shares of Frontdoor from $36.00 to $39.00 and gave the company an “equal weight” rating in a research note on Monday, May 6th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $40.00.

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.