BI Asset Management Fondsmaeglerselskab A S Cuts Position in Frontdoor Inc. $FTDR

Key Points

• BI Asset Management Fondsmaeglerselskab A S drastically reduced its holdings in Frontdoor Inc. by 97.7%, selling 44,459 shares, leaving them with only 1,039 shares valued at $40,000.
• Several hedge funds, including Hsbc Holdings PLC and Fuller & Thaler Asset Management Inc., have increased their stakes in Frontdoor, indicating growing institutional interest.
• Frontdoor reported an earnings per share of $1.63, exceeding analysts' expectations, with a net revenue of $617 million, up 13.8% year-over-year.

BI Asset Management Fondsmaeglerselskab A S decreased its position in Frontdoor Inc. (NASDAQ:FTDR - Free Report) by 97.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,039 shares of the company's stock after selling 44,459 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Frontdoor were worth $40,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of FTDR. Hsbc Holdings PLC grew its holdings in shares of Frontdoor by 46.2% in the first quarter. Hsbc Holdings PLC now owns 38,008 shares of the company's stock valued at $1,432,000 after purchasing an additional 12,015 shares in the last quarter. Andina Capital Management LLC bought a new position in Frontdoor during the first quarter valued at $353,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of Frontdoor by 8.2% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 662,295 shares of the company's stock worth $25,445,000 after buying an additional 50,120 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its holdings in shares of Frontdoor by 33.1% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,752,723 shares of the company's stock worth $105,760,000 after buying an additional 685,148 shares during the last quarter. Finally, Pinnacle Wealth Management LLC purchased a new stake in shares of Frontdoor during the 1st quarter valued at about $528,000.

Frontdoor Stock Up 0.5%

Shares of NASDAQ FTDR opened at $60.05 on Tuesday. Frontdoor Inc. has a 1 year low of $35.61 and a 1 year high of $64.91. The firm has a 50-day simple moving average of $58.31 and a two-hundred day simple moving average of $51.28. The company has a market cap of $4.37 billion, a P/E ratio of 17.71 and a beta of 1.32. The company has a debt-to-equity ratio of 4.56, a current ratio of 1.49 and a quick ratio of 1.49.

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

Analysts Set New Price Targets

FTDR has been the subject of a number of analyst reports. The Goldman Sachs Group increased their price target on shares of Frontdoor from $44.00 to $50.00 and gave the company a "sell" rating in a report on Wednesday, August 6th. Truist Financial raised their price objective on Frontdoor from $67.00 to $71.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. JPMorgan Chase & Co. boosted their target price on Frontdoor from $50.00 to $55.00 and gave the company a "neutral" rating in a research report on Tuesday, June 3rd. Finally, Oppenheimer increased their price target on Frontdoor from $56.00 to $63.00 and gave the company an "outperform" rating in a report on Wednesday, August 6th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $59.75.

Insider Buying and Selling

In other Frontdoor news, SVP Jeffrey Fiarman sold 129,673 shares of the stock in a transaction 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 sale, 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 document filed with the SEC, which is available at this hyperlink. 1.48% of the stock is owned by company insiders.

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.

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