BNP PARIBAS ASSET MANAGEMENT Holding S.A. Has $25.45 Million Stake in Frontdoor Inc. $FTDR

Key Points

• BNP PARIBAS ASSET MANAGEMENT Holding S.A. has increased its stake in Frontdoor Inc. by 8.2%, owning 662,295 shares worth approximately $25.45 million.
• Frontdoor's stock opened at $58.89, with a market cap of $4.29 billion, and reported strong quarterly earnings exceeding analyst estimates.
• Analysts have varying views on Frontdoor's stock, with price targets ranging from $50.00 to $71.00, highlighting differing opinions on its future performance.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in Frontdoor Inc. (NASDAQ:FTDR - Free Report) by 8.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 662,295 shares of the company's stock after purchasing an additional 50,120 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned approximately 0.90% of Frontdoor worth $25,445,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. LPL Financial LLC acquired a new stake in shares of Frontdoor in the fourth quarter worth $336,000. Wells Fargo & Company MN lifted its position in Frontdoor by 33.0% during the 4th quarter. Wells Fargo & Company MN now owns 45,571 shares of the company's stock worth $2,491,000 after acquiring an additional 11,298 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in Frontdoor by 2.9% during the 4th quarter. Envestnet Asset Management Inc. now owns 61,316 shares of the company's stock worth $3,352,000 after acquiring an additional 1,741 shares during the last quarter. Bank of Montreal Can boosted its holdings in Frontdoor by 12.8% during the fourth quarter. Bank of Montreal Can now owns 9,060 shares of the company's stock valued at $495,000 after acquiring an additional 1,031 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of Frontdoor in the fourth quarter valued at about $17,465,000.

Frontdoor Trading Down 0.3%

Frontdoor stock opened at $58.89 on Monday. The business has a 50 day moving average price of $57.98 and a two-hundred day moving average price of $51.28. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 4.56. Frontdoor Inc. has a 12 month low of $35.61 and a 12 month high of $64.91. The stock has a market cap of $4.29 billion, a price-to-earnings ratio of 17.37 and a beta of 1.32.

Frontdoor (NASDAQ:FTDR - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $1.63 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $602.62 million. During the same quarter in the previous year, the company earned $1.27 earnings per share. The business's revenue was up 13.8% compared to the same quarter last year. As a group, equities analysts forecast that Frontdoor Inc. will post 3.07 EPS for the current year.

Wall Street Analysts Forecast Growth

FTDR has been the topic of a number of recent analyst reports. Truist Financial lifted their price objective on Frontdoor from $67.00 to $71.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. The Goldman Sachs Group upped their price target on Frontdoor from $44.00 to $50.00 and gave the stock a "sell" rating in a report on Wednesday, August 6th. JPMorgan Chase & Co. increased their price objective 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 boosted their target price on shares of Frontdoor from $56.00 to $63.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 6th.

Insider Transactions at Frontdoor

In other Frontdoor news, SVP Jeffrey Fiarman sold 129,673 shares of Frontdoor stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $56.15, for a total transaction of $7,281,138.95. Following the sale, the senior vice president directly owned 34,646 shares of the company's stock, valued at approximately $1,945,372.90. The trade was a 78.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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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