ProShare Advisors LLC Boosts Stake in Frontdoor, Inc. (NASDAQ:FTDR)

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

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. TD Private Client Wealth LLC lifted its position in Frontdoor by 12.9% in the 4th quarter. TD Private Client Wealth LLC now owns 1,597 shares of the company's stock valued at $87,000 after acquiring an additional 183 shares in the last quarter. Quantinno Capital Management LP increased its stake in Frontdoor by 0.8% in the 4th quarter. Quantinno Capital Management LP now owns 24,212 shares of the company's stock valued at $1,324,000 after buying an additional 183 shares during the last quarter. Willis Investment Counsel lifted its position in shares of Frontdoor by 0.4% during the 4th quarter. Willis Investment Counsel now owns 46,753 shares of the company's stock worth $2,556,000 after buying an additional 185 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in shares of Frontdoor by 8.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,880 shares of the company's stock worth $157,000 after buying an additional 221 shares in the last quarter. Finally, Mariner LLC boosted its stake in shares of Frontdoor by 4.0% in the 4th quarter. Mariner LLC now owns 7,311 shares of the company's stock worth $400,000 after buying an additional 284 shares during the last quarter.

Frontdoor Stock Performance

Frontdoor stock traded down $0.44 during mid-day trading on Wednesday, reaching $54.53. The company's stock had a trading volume of 71,016 shares, compared to its average volume of 735,013. The firm's fifty day moving average price is $44.65 and its two-hundred day moving average price is $51.14. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.42 and a current ratio of 1.42. Frontdoor, Inc. has a 12-month low of $32.95 and a 12-month high of $63.49. The company has a market capitalization of $4.01 billion, a P/E ratio of 18.05 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, beating the consensus estimate of $0.37 by $0.27. Frontdoor had a return on equity of 132.99% and a net margin of 12.87%. The company had revenue of $426.00 million during the quarter, compared to analysts' expectations of $416.37 million. During the same period in the previous year, the business earned $0.44 earnings per share. The firm's quarterly revenue was up 12.7% compared to the same quarter last year. Sell-side analysts predict that Frontdoor, Inc. will post 3.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. JPMorgan Chase & Co. downgraded Frontdoor from an "overweight" rating to a "neutral" rating and decreased their price target for the company from $58.00 to $40.00 in a research report 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 note on Monday, March 3rd. Finally, Truist Financial upped their price objective on Frontdoor from $58.00 to $67.00 and gave the company a "buy" rating in a research note 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.