Frontdoor Inc. $FTDR Stock: Apollon Wealth Management LLC Trims Holdings

Key Points

• Apollon Wealth Management cut its Frontdoor stake by 33.2% in the third quarter, selling 13,193 shares and retaining 26,533 shares valued at approximately $1.94 million.
• Other institutional investors generally increased their positions, including Sterling Capital Management, which boosted its holdings by 838.1%, and Fifth Third Wealth Advisors, which raised its stake by 146.4%.
• Analyst sentiment remains positive, with Frontdoor carrying a “Moderate Buy” consensus rating and a $95.40 average price target. The company also exceeded quarterly earnings expectations, reporting $1.93 in EPS versus the $1.76 consensus estimate.

Apollon Wealth Management LLC decreased its holdings in shares of Frontdoor Inc. (NASDAQ:FTDR - Free Report) by 33.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,533 shares of the company's stock after selling 13,193 shares during the period. Apollon Wealth Management LLC's holdings in Frontdoor were worth $1,940,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Pullen Investment Management LLC raised its stake in shares of Frontdoor by 0.6% during the 3rd quarter. Pullen Investment Management LLC now owns 48,078 shares of the company's stock worth $3,515,000 after buying an additional 283 shares during the last quarter. Fifth Third Wealth Advisors LLC boosted its position in Frontdoor by 146.4% during the third quarter. Fifth Third Wealth Advisors LLC now owns 7,462 shares of the company's stock worth $546,000 after acquiring an additional 4,433 shares during the last quarter. Sterling Capital Management LLC grew its position in shares of Frontdoor by 838.1% in the third quarter. Sterling Capital Management LLC now owns 2,364 shares of the company's stock valued at $173,000 after purchasing an additional 2,112 shares during the period. Nisa Investment Advisors LLC boosted its stake in Frontdoor by 65.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 4,792 shares of the company's stock worth $350,000 after buying an additional 1,898 shares during the last quarter. Finally, Willis Investment Counsel grew its holdings in Frontdoor by 8.5% in the 3rd quarter. Willis Investment Counsel now owns 130,082 shares of the company's stock valued at $9,512,000 after buying an additional 10,183 shares during the period.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on FTDR shares. Oppenheimer upped their price objective on shares of Frontdoor from $70.00 to $100.00 and gave the company an "outperform" rating in a research note on Friday, August 7th. Wolfe Research raised shares of Frontdoor to an "outperform" rating in a research report on Monday, August 24th. The Goldman Sachs Group lowered their target price on shares of Frontdoor from $91.00 to $81.00 and set a "neutral" rating for the company in a report on Monday, October 12th. Weiss Ratings raised shares of Frontdoor from a "hold (c+)" rating to a "buy (b)" rating in a research report on Wednesday, October 21st. Finally, Truist Financial increased their price target on shares of Frontdoor from $82.00 to $105.00 and gave the stock a "buy" rating in a research note on Friday, August 7th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $95.40.

Frontdoor Stock Performance

Shares of NASDAQ:FTDR opened at $87.35 on Friday. The firm has a market capitalization of $6.02 billion, a PE ratio of 23.17 and a beta of 1.53. The company has a debt-to-equity ratio of 3.98, a current ratio of 1.59 and a quick ratio of 1.59. The business has a 50-day moving average of $79.82 and a two-hundred day moving average of $69.19. Frontdoor Inc. has a 12 month low of $48.47 and a 12 month high of $93.43.

Frontdoor (NASDAQ:FTDR - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.17. Frontdoor had a return on equity of 120.90% and a net margin of 12.72%. The business had revenue of $645.00 million for the quarter, compared to analyst estimates of $643.40 million. During the same period in the previous year, the company posted $1.63 EPS. The company's revenue was up 4.5% compared to the same quarter last year. As a group, research analysts forecast that Frontdoor Inc. will post 4.67 earnings per share for the current year.

About Frontdoor

Frontdoor, Inc NASDAQ: FTDR is a provider of home warranties and related home repair services. The company helps homeowners manage the cost and complexity of maintaining household systems and appliances, including heating and cooling equipment, plumbing, electrical systems, water heaters and major kitchen appliances.

Frontdoor operates primarily through its American Home Shield brand, which offers home service plans and access to a network of professional contractors. The company also provides digital tools and services designed to help homeowners diagnose household problems, request service and connect with qualified professionals.

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