Frontdoor Inc. (NASDAQ:FTDR) Shares Acquired by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. boosted its position in Frontdoor Inc. (NASDAQ:FTDR - Free Report) by 48.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,317 shares of the company's stock after acquiring an additional 7,967 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in Frontdoor were worth $934,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Bessemer Group Inc. raised its stake in shares of Frontdoor by 514.7% during the fourth quarter. Bessemer Group Inc. now owns 627 shares of the company's stock valued at $34,000 after acquiring an additional 525 shares during the last quarter. TD Private Client Wealth LLC grew its holdings in Frontdoor by 12.9% during the fourth 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. GAMMA Investing LLC increased its position 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 acquiring an additional 347 shares during the last quarter. Blue Trust Inc. boosted its stake in Frontdoor by 70.3% in the first quarter. Blue Trust Inc. now owns 2,780 shares of the company's stock valued at $107,000 after acquiring an additional 1,148 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised 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 valued at $136,000 after acquiring an additional 1,945 shares during the period.

Frontdoor Price Performance

Shares of FTDR traded down $0.79 during mid-day trading on Wednesday, reaching $58.16. The stock had a trading volume of 219,842 shares, compared to its average volume of 721,871. The business has a fifty day moving average of $53.85 and a 200 day moving average of $51.08. Frontdoor Inc. has a 12 month low of $32.95 and a 12 month high of $63.49. The firm has a market cap of $4.28 billion, a price-to-earnings ratio of 18.81 and a beta of 1.28. The company has a debt-to-equity ratio of 5.88, a quick ratio of 1.34 and a current ratio of 1.34.

Frontdoor (NASDAQ:FTDR - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.27. Frontdoor had a return on equity of 121.05% and a net margin of 12.59%. The firm had revenue of $426.00 million for the quarter, compared to analysts' expectations of $416.37 million. During the same period in the previous year, the firm posted $0.44 earnings per share. The business's revenue was up 12.7% compared to the same quarter last year. Equities analysts predict that Frontdoor Inc. will post 3.07 EPS for the current year.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. increased their target price on Frontdoor from $50.00 to $55.00 and gave the company a "neutral" rating in a research note on Tuesday, June 3rd.

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.