AQR Capital Management LLC Grows Stock Position in Frontdoor, Inc. (NASDAQ:FTDR)

AQR Capital Management LLC grew its stake in Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 7.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 77,243 shares of the company's stock after buying an additional 5,555 shares during the period. AQR Capital Management LLC owned 0.10% of Frontdoor worth $4,223,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of FTDR. Blue Trust Inc. grew its position in Frontdoor by 315.3% during the 4th quarter. Blue Trust Inc. now owns 1,632 shares of the company's stock worth $89,000 after purchasing an additional 1,239 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new stake in Frontdoor in the fourth quarter valued at $467,000. Atria Investments Inc grew its holdings in Frontdoor by 4.9% during the 4th quarter. Atria Investments Inc now owns 6,894 shares of the company's stock valued at $377,000 after buying an additional 325 shares during the last quarter. Caprock Group LLC purchased a new position in Frontdoor in the 4th quarter valued at about $208,000. Finally, Patriot Financial Group Insurance Agency LLC acquired a new position in Frontdoor in the 4th quarter valued at $222,000.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. The Goldman Sachs Group dropped their price target on Frontdoor from $46.00 to $40.00 and set a "sell" rating for the company in a research note on Monday, March 3rd. Truist Financial raised their target price on shares of Frontdoor from $58.00 to $67.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Finally, JPMorgan Chase & Co. cut shares of Frontdoor from an "overweight" rating to a "neutral" rating and lowered their price objective for the stock from $58.00 to $40.00 in a research report on Tuesday, April 22nd.

Frontdoor Stock Down 0.9%

Shares of FTDR traded down $0.47 during trading hours on Tuesday, reaching $54.27. 660,153 shares of the stock traded hands, compared to its average volume of 739,533. The company has a market cap of $3.99 billion, a price-to-earnings ratio of 17.97 and a beta of 1.21. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.16. Frontdoor, Inc. has a 52 week low of $32.95 and a 52 week high of $63.49. The stock has a fifty day simple moving average of $41.14 and a 200 day simple moving average of $51.03.

Frontdoor (NASDAQ:FTDR - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.27. Frontdoor had a net margin of 12.87% and a return on equity of 132.99%. The firm had revenue of $426.00 million during the quarter, compared to analyst estimates of $416.37 million. During the same period last year, the business earned $0.44 earnings per share. The business's revenue was up 12.7% on a year-over-year basis. On average, equities analysts forecast that Frontdoor, Inc. will post 3.07 EPS for the current year.

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.