Allianz Asset Management GmbH Sells 40,596 Shares of Frontdoor Inc. $FTDR

Key Points

• Allianz Asset Management GmbH reduced its stake in Frontdoor Inc. by 15.3%, selling 40,596 shares in the second quarter, leaving it with 225,072 shares valued at approximately $13.3 million.
• Frontdoor reported earnings per share of $1.63 for the last quarter, exceeding expectations and indicating a revenue increase of 13.8% year-over-year.
• Analysts have mixed ratings on Frontdoor, with Zacks downgrading the stock to "hold," while Truist Financial has raised its price target from $67 to $71 and maintains a "buy" rating.

Allianz Asset Management GmbH trimmed its position in Frontdoor Inc. (NASDAQ:FTDR - Free Report) by 15.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 225,072 shares of the company's stock after selling 40,596 shares during the period. Allianz Asset Management GmbH owned approximately 0.31% of Frontdoor worth $13,266,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of FTDR. Caitong International Asset Management Co. Ltd acquired a new stake in Frontdoor in the first quarter valued at approximately $42,000. IFP Advisors Inc boosted its stake in Frontdoor by 80,766.7% in the first quarter. IFP Advisors Inc now owns 2,426 shares of the company's stock valued at $93,000 after acquiring an additional 2,423 shares in the last quarter. GAMMA Investing LLC boosted its stake in Frontdoor by 16.5% in the first quarter. GAMMA Investing LLC now owns 2,447 shares of the company's stock valued at $94,000 after acquiring an additional 347 shares in the last quarter. CWM LLC boosted its stake in Frontdoor by 91.2% in the first quarter. CWM LLC now owns 2,574 shares of the company's stock valued at $99,000 after acquiring an additional 1,228 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in Frontdoor by 70.3% in the first quarter. Blue Trust Inc. now owns 2,780 shares of the company's stock valued at $107,000 after acquiring an additional 1,148 shares in the last quarter.

Frontdoor Trading Up 0.6%

NASDAQ FTDR opened at $66.27 on Tuesday. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 4.56. The company has a fifty day simple moving average of $64.05 and a two-hundred day simple moving average of $56.84. Frontdoor Inc. has a 12-month low of $35.61 and a 12-month high of $69.36. The stock has a market cap of $4.83 billion, a P/E ratio of 19.55 and a beta of 1.33.

Frontdoor (NASDAQ:FTDR - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.19. Frontdoor had a net margin of 13.07% and a return on equity of 125.21%. The firm had revenue of $617.00 million during the quarter, compared to analysts' expectations of $602.62 million. During the same quarter last year, the company posted $1.27 earnings per share. The firm's revenue was up 13.8% compared to the same quarter last year. Frontdoor has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, analysts forecast that Frontdoor Inc. will post 3.07 earnings per share for the current year.

Insider Activity

In related news, SVP Jeffrey Fiarman sold 129,673 shares of the firm's stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $56.15, for a total transaction of $7,281,138.95. Following the completion of the transaction, the senior vice president owned 34,646 shares of the company's stock, valued at $1,945,372.90. This trade represents a 78.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.48% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Zacks Research downgraded shares of Frontdoor from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 10th. Truist Financial raised their price target on shares of Frontdoor from $67.00 to $71.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Weiss Ratings cut shares of Frontdoor from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, October 8th. The Goldman Sachs Group raised their price target on shares of Frontdoor from $44.00 to $50.00 and gave the stock a "sell" rating in a report on Wednesday, August 6th. Finally, Oppenheimer raised their price target on shares of Frontdoor from $56.00 to $63.00 and gave the stock an "outperform" rating in a report on Wednesday, August 6th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $59.75.

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.

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