New York State Common Retirement Fund boosted its holdings in Frontdoor Inc. (NASDAQ:FTDR - Free Report) by 775.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 212,552 shares of the company's stock after purchasing an additional 188,268 shares during the quarter. New York State Common Retirement Fund owned about 0.28% of Frontdoor worth $8,166,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Bessemer Group Inc. boosted 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 purchasing an additional 525 shares in the last quarter. TD Private Client Wealth LLC lifted its holdings in shares of Frontdoor by 12.9% during the fourth quarter. TD Private Client Wealth LLC now owns 1,597 shares of the company's stock valued at $87,000 after purchasing an additional 183 shares in the last quarter. GAMMA Investing LLC lifted 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 valued at $94,000 after purchasing an additional 347 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Frontdoor by 70.3% during the first quarter. Blue Trust Inc. now owns 2,780 shares of the company's stock valued at $107,000 after purchasing an additional 1,148 shares in the last quarter. Finally, RiverGlades Family Offices LLC bought a new position in shares of Frontdoor during the fourth quarter valued at $219,000.
Frontdoor Stock Performance
FTDR traded up $1.43 during midday trading on Wednesday, hitting $59.66. 502,171 shares of the company traded hands, compared to its average volume of 711,422. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 5.88. The firm has a market capitalization of $4.39 billion, a PE ratio of 19.31 and a beta of 1.28. The company's 50-day moving average is $56.99 and its 200 day moving average is $51.34. Frontdoor Inc. has a 52 week low of $35.61 and a 52 week high of $63.49.
Frontdoor (NASDAQ:FTDR - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.27. The business had revenue of $426.00 million for the quarter, compared to analysts' expectations of $416.37 million. Frontdoor had a net margin of 12.59% and a return on equity of 121.05%. The business's revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.44 EPS. On average, research analysts expect that Frontdoor Inc. will post 3.07 EPS for the current year.
Analyst Ratings Changes
Separately, JPMorgan Chase & Co. upped their target price 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.
Check Out Our Latest Research Report on Frontdoor
Frontdoor Profile
(
Free Report)
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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