AQR Capital Management LLC Grows Stock Position in Frontdoor Inc. $FTDR

Key Points

• AQR Capital Management LLC significantly increased its stake in Frontdoor Inc. by 100.5% during the first quarter, holding approximately 154,842 shares worth about $5.79 million.
• Frontdoor's latest earnings report showed a revenue of $617 million for the quarter, exceeding analyst expectations, along with earnings per share of $1.63.
• Analyst ratings for Frontdoor vary, with Truist Financial setting a price target of $71 and Goldman Sachs lowering its target to $50, resulting in an average consensus target price of $59.75.

AQR Capital Management LLC lifted its position in Frontdoor Inc. (NASDAQ:FTDR - Free Report) by 100.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 154,842 shares of the company's stock after purchasing an additional 77,599 shares during the quarter. AQR Capital Management LLC owned about 0.21% of Frontdoor worth $5,788,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd purchased a new position in shares of Frontdoor in the first quarter worth about $42,000. IFP Advisors Inc raised its stake in shares of Frontdoor by 80,766.7% in the first quarter. IFP Advisors Inc now owns 2,426 shares of the company's stock worth $93,000 after purchasing an additional 2,423 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Frontdoor by 16.5% in the first quarter. GAMMA Investing LLC now owns 2,447 shares of the company's stock worth $94,000 after purchasing an additional 347 shares during the last quarter. CWM LLC raised its stake in shares of Frontdoor by 91.2% in the first quarter. CWM LLC now owns 2,574 shares of the company's stock worth $99,000 after purchasing an additional 1,228 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in shares of Frontdoor by 70.3% in the first quarter. Blue Trust Inc. now owns 2,780 shares of the company's stock worth $107,000 after purchasing an additional 1,148 shares during the last quarter.

Analysts Set New Price Targets

FTDR has been the subject of several research analyst reports. JPMorgan Chase & Co. raised their price objective on Frontdoor from $50.00 to $55.00 and gave the stock a "neutral" rating in a research note on Tuesday, June 3rd. Zacks Research raised Frontdoor from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 27th. Oppenheimer raised their target price on Frontdoor from $56.00 to $63.00 and gave the stock an "outperform" rating in a report on Wednesday, August 6th. Truist Financial raised their target price on Frontdoor from $67.00 to $71.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Finally, The Goldman Sachs Group raised their target price on Frontdoor from $44.00 to $50.00 and gave the stock a "sell" rating in a report on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $59.75.

Insider Buying and Selling at Frontdoor

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

Frontdoor Price Performance

FTDR traded up $0.54 during trading on Thursday, hitting $67.08. The company's stock had a trading volume of 518,633 shares, compared to its average volume of 609,299. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 4.56. Frontdoor Inc. has a twelve month low of $35.61 and a twelve month high of $67.55. The business's fifty day simple moving average is $60.21 and its 200 day simple moving average is $52.36. The firm has a market capitalization of $4.89 billion, a price-to-earnings ratio of 19.79 and a beta of 1.34.

Frontdoor (NASDAQ:FTDR - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $1.63 EPS for the quarter, beating the consensus estimate of $1.44 by $0.19. Frontdoor had a return on equity of 125.21% and a net margin of 13.07%.The company had revenue of $617.00 million for the quarter, compared to analyst estimates of $602.62 million. During the same period last year, the company earned $1.27 earnings per share. Frontdoor's quarterly 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, equities research analysts forecast that Frontdoor Inc. will post 3.07 EPS for the current fiscal year.

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.