Axa S.A. Boosts Position in Frontdoor, Inc. (NASDAQ:FTDR)

Axa S.A. lifted its position in Frontdoor, Inc. (NASDAQ:FTDR) by 44.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,844 shares of the company’s stock after buying an additional 5,163 shares during the quarter. Axa S.A.’s holdings in Frontdoor were worth $569,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of FTDR. Vanguard Group Inc. lifted its stake in Frontdoor by 3.8% in the 1st quarter. Vanguard Group Inc. now owns 10,179,139 shares of the company’s stock worth $331,636,000 after purchasing an additional 373,091 shares in the last quarter. Boston Partners increased its holdings in shares of Frontdoor by 8.9% in the first quarter. Boston Partners now owns 6,198,543 shares of the company’s stock worth $201,662,000 after purchasing an additional 506,217 shares during the period. Reinhart Partners LLC. raised its position in shares of 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 in the last quarter. Victory Capital Management Inc. boosted its stake in Frontdoor by 8.7% during the second quarter. Victory Capital Management Inc. now owns 2,176,056 shares of the company’s stock valued at $73,529,000 after buying an additional 173,624 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Frontdoor by 5.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,787,539 shares of the company’s stock valued at $60,402,000 after buying an additional 89,301 shares during the period.

Frontdoor Trading Down 1.8 %

FTDR stock opened at $47.11 on Wednesday. The company has a market capitalization of $3.66 billion, a PE ratio of 20.66 and a beta of 1.04. 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 one year low of $28.25 and a one year high of $49.43. The company’s 50 day moving average price is $45.92 and its two-hundred day moving average price is $38.04.

Frontdoor (NASDAQ:FTDR) last issued its earnings results on Thursday, August 1st. The company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.27. Frontdoor had a net margin of 11.38% and a return on equity of 132.94%. The company had revenue of $542.00 million for the quarter, compared to analysts’ expectations of $536.74 million. During the same quarter last year, the company earned $0.87 EPS. The firm’s revenue was up 3.6% compared to the same quarter last year. As a group, analysts predict that Frontdoor, Inc. will post 2.79 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.