Point72 Asia Singapore Pte. Ltd. Trims Stock Position in Frontdoor, Inc. (NASDAQ:FTDR)

Point72 Asia Singapore Pte. Ltd. lessened its stake in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 70.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,586 shares of the company’s stock after selling 3,765 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in Frontdoor were worth $54,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of FTDR. GAMMA Investing LLC raised its position in Frontdoor by 90.7% in the 2nd quarter. GAMMA Investing LLC now owns 879 shares of the company’s stock valued at $30,000 after purchasing an additional 418 shares during the last quarter. Isthmus Partners LLC raised its position in Frontdoor by 0.5% in the 2nd quarter. Isthmus Partners LLC now owns 110,249 shares of the company’s stock valued at $37,000 after purchasing an additional 603 shares during the last quarter. Quarry LP raised its position in Frontdoor by 468.1% in the 2nd quarter. Quarry LP now owns 1,085 shares of the company’s stock valued at $37,000 after purchasing an additional 894 shares during the last quarter. Covestor Ltd raised its position in Frontdoor by 288.6% in the 1st quarter. Covestor Ltd now owns 1,154 shares of the company’s stock valued at $38,000 after purchasing an additional 857 shares during the last quarter. Finally, C M Bidwell & Associates Ltd. purchased a new stake in Frontdoor in the 4th quarter valued at $71,000.

Frontdoor Stock Up 1.8 %

Shares of Frontdoor stock opened at $47.78 on Friday. The company has a market cap of $3.72 billion, a P/E ratio of 20.96 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 firm has a fifty day moving average of $46.71 and a two-hundred day moving average of $38.45.

Frontdoor (NASDAQ:FTDR) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $536.74 million. During the same quarter in the prior year, the firm earned $0.87 EPS. Frontdoor’s quarterly revenue was up 3.6% on a year-over-year basis. On average, analysts forecast that Frontdoor, Inc. will post 2.79 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently commented on FTDR. The Goldman Sachs Group upped their price target on shares of Frontdoor from $33.00 to $41.00 and gave the company a “sell” rating in a research report on Friday, August 2nd. William Blair upgraded shares of Frontdoor from a “market perform” rating to an “outperform” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. upped their price objective on shares of Frontdoor from $45.00 to $55.00 and gave the stock an “overweight” rating in a research report on Monday, August 12th. Finally, Truist Financial upped their price objective on shares of Frontdoor from $45.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target 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.