BNP Paribas Financial Markets Sells 160,117 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

BNP Paribas Financial Markets trimmed its stake in Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 89.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,741 shares of the company's stock after selling 160,117 shares during the period. BNP Paribas Financial Markets' holdings in Frontdoor were worth $1,079,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Bessemer Group Inc. increased its stake in Frontdoor by 514.7% in the 4th quarter. Bessemer Group Inc. now owns 627 shares of the company's stock worth $34,000 after buying an additional 525 shares in the last quarter. TD Private Client Wealth LLC increased its stake in 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. increased its stake in Frontdoor by 315.3% in 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 in the last quarter. Nkcfo LLC purchased a new stake in Frontdoor in the 4th quarter worth $96,000. Finally, Smartleaf Asset Management LLC increased its stake in Frontdoor by 360.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,484 shares of the company's stock worth $136,000 after buying an additional 1,945 shares in the last quarter.

Frontdoor Trading Down 0.3%

Shares of NASDAQ:FTDR traded down $0.17 during trading on Friday, reaching $53.53. The company's stock had a trading volume of 377,936 shares, compared to its average volume of 738,237. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.16. Frontdoor, Inc. has a 12 month low of $32.95 and a 12 month high of $63.49. The firm's 50 day simple moving average is $43.99 and its two-hundred day simple moving average is $51.19. The stock has a market capitalization of $3.94 billion, a PE ratio of 17.73 and a beta of 1.21.

Frontdoor (NASDAQ:FTDR - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.64 EPS for the quarter, beating 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 firm had revenue of $426.00 million during the quarter, compared to the consensus estimate of $416.37 million. During the same quarter last year, the firm earned $0.44 EPS. The firm's revenue for the quarter was up 12.7% compared to the same quarter last year. On average, research analysts predict that Frontdoor, Inc. will post 3.07 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. The Goldman Sachs Group cut their price objective on Frontdoor from $46.00 to $40.00 and set a "sell" rating for the company in a research report on Monday, March 3rd. JPMorgan Chase & Co. lowered Frontdoor from an "overweight" rating to a "neutral" rating and cut their price objective for the company from $58.00 to $40.00 in a research report on Tuesday, April 22nd. Finally, Truist Financial raised their price objective on Frontdoor from $58.00 to $67.00 and gave the company a "buy" rating in a research report on Friday, February 14th.

Frontdoor Company 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.