Frontdoor, Inc. (NASDAQ:FTDR) Shares Bought by ProShare Advisors LLC

ProShare Advisors LLC raised its holdings in Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 41.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 23,189 shares of the company's stock after acquiring an additional 6,851 shares during the period. ProShare Advisors LLC's holdings in Frontdoor were worth $1,268,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Bessemer Group Inc. grew its stake in shares of Frontdoor by 514.7% during the 4th quarter. Bessemer Group Inc. now owns 627 shares of the company's stock valued at $34,000 after buying an additional 525 shares during the period. TD Private Client Wealth LLC grew its stake in shares of Frontdoor by 12.9% during the 4th quarter. TD Private Client Wealth LLC now owns 1,597 shares of the company's stock valued at $87,000 after buying an additional 183 shares during the period. Blue Trust Inc. grew its stake in shares of Frontdoor by 315.3% during the 4th quarter. Blue Trust Inc. now owns 1,632 shares of the company's stock valued at $89,000 after buying an additional 1,239 shares during the period. Nkcfo LLC purchased a new stake in shares of Frontdoor during the 4th quarter valued at $96,000. Finally, Smartleaf Asset Management LLC grew its stake in shares of Frontdoor by 360.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,484 shares of the company's stock valued at $136,000 after buying an additional 1,945 shares during the period.

Frontdoor Stock Up 1.4%

Shares of Frontdoor stock opened at $53.70 on Friday. The company has a fifty day moving average price of $43.66 and a 200 day moving average price of $51.24. 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 twelve month low of $32.95 and a twelve month high of $63.49. The stock has a market cap of $3.95 billion, a price-to-earnings ratio of 17.78 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 earnings per share for the quarter, topping 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 analysts' expectations of $416.37 million. During the same period in the prior year, the company earned $0.44 EPS. The firm's revenue was up 12.7% on a year-over-year basis. Equities research analysts forecast that Frontdoor, Inc. will post 3.07 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on FTDR. JPMorgan Chase & Co. cut shares of Frontdoor from an "overweight" rating to a "neutral" rating and lowered their price objective for the company from $58.00 to $40.00 in a research note on Tuesday, April 22nd. The Goldman Sachs Group decreased their price target on shares of Frontdoor from $46.00 to $40.00 and set a "sell" rating for the company in a research report on Monday, March 3rd. Finally, Truist Financial upped their price target on shares of Frontdoor from $58.00 to $67.00 and gave the stock a "buy" rating in a research report on Friday, February 14th.

About Frontdoor

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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