DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Purchases 41,345 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 882.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 46,030 shares of the company's stock after acquiring an additional 41,345 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned 0.06% of Frontdoor worth $2,516,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FTDR. Bessemer Group Inc. lifted its holdings in shares of Frontdoor by 514.7% in the fourth quarter. Bessemer Group Inc. now owns 627 shares of the company's stock valued at $34,000 after purchasing an additional 525 shares in the last quarter. USA Financial Formulas bought a new position in shares of Frontdoor in the fourth quarter valued at approximately $60,000. TD Private Client Wealth LLC lifted its holdings in Frontdoor by 12.9% during the fourth quarter. TD Private Client Wealth LLC now owns 1,597 shares of the company's stock worth $87,000 after acquiring an additional 183 shares during the period. Blue Trust Inc. lifted its holdings in Frontdoor by 315.3% during the fourth quarter. Blue Trust Inc. now owns 1,632 shares of the company's stock worth $89,000 after acquiring an additional 1,239 shares during the period. Finally, Nkcfo LLC bought a new stake in Frontdoor during the fourth quarter worth $96,000.

Frontdoor Stock Performance

Shares of NASDAQ FTDR traded down $0.20 during mid-day trading on Wednesday, hitting $54.07. The company had a trading volume of 682,306 shares, compared to its average volume of 739,515. The company has a market capitalization of $3.98 billion, a price-to-earnings ratio of 17.90 and a beta of 1.21. Frontdoor, Inc. has a 1 year low of $32.95 and a 1 year high of $63.49. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.16. The stock's 50-day moving average price is $41.70 and its 200-day moving average price is $51.07.

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

Analysts Set New Price Targets

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

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.