Assenagon Asset Management S.A. Has $5.21 Million Stake in Frontdoor, Inc. (NASDAQ:FTDR)

Assenagon Asset Management S.A. reduced its position in Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 52.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 135,483 shares of the company's stock after selling 150,337 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.18% of Frontdoor worth $5,205,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Bessemer Group Inc. increased its stake in 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 acquiring an additional 525 shares during the period. TD Private Client Wealth LLC raised its holdings in shares of Frontdoor by 12.9% in the 4th quarter. TD Private Client Wealth LLC now owns 1,597 shares of the company's stock worth $87,000 after buying an additional 183 shares in the last quarter. Blue Trust Inc. lifted its position in shares of 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 buying an additional 1,239 shares during the period. GAMMA Investing LLC grew its holdings in shares of Frontdoor by 16.5% during 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. Finally, Nkcfo LLC acquired a new position in shares of Frontdoor during the fourth quarter worth approximately $96,000.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. The Goldman Sachs Group decreased 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. JPMorgan Chase & Co. raised their price objective on shares of Frontdoor from $50.00 to $55.00 and gave the company a "neutral" rating in a research note on Tuesday, June 3rd.

Frontdoor Trading Up 0.9%

NASDAQ FTDR traded up $0.53 during trading on Monday, reaching $56.96. 43,232 shares of the stock traded hands, compared to its average volume of 726,551. The stock's 50-day moving average price is $49.37 and its 200 day moving average price is $51.06. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.16. The firm has a market cap of $4.19 billion, a price-to-earnings ratio of 18.82 and a beta of 1.27. Frontdoor, Inc. has a fifty-two week low of $32.95 and a fifty-two week high of $63.49.

Frontdoor (NASDAQ:FTDR - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.64 EPS for the quarter, topping analysts' consensus estimates of $0.37 by $0.27. Frontdoor had a net margin of 12.87% and a return on equity of 132.99%. The business had revenue of $426.00 million for the quarter, compared to analyst estimates of $416.37 million. During the same quarter in the previous year, the firm posted $0.44 earnings per share. The firm's revenue for the quarter was up 12.7% on a year-over-year basis. Analysts predict 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.