Envestnet Asset Management Inc. Has $5.33 Million Position in Frontdoor Inc. (NASDAQ:FTDR)

Envestnet Asset Management Inc. lifted its stake in Frontdoor Inc. (NASDAQ:FTDR - Free Report) by 126.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 138,646 shares of the company's stock after purchasing an additional 77,330 shares during the period. Envestnet Asset Management Inc. owned 0.19% of Frontdoor worth $5,327,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Moody Aldrich Partners LLC lifted its holdings in Frontdoor by 8.4% during the first quarter. Moody Aldrich Partners LLC now owns 105,612 shares of the company's stock worth $4,058,000 after acquiring an additional 8,197 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Frontdoor by 2.3% during the first quarter. Principal Financial Group Inc. now owns 408,982 shares of the company's stock worth $15,713,000 after acquiring an additional 9,161 shares in the last quarter. Cavalier Investments LLC bought a new position in Frontdoor during the first quarter worth about $1,179,000. Illinois Municipal Retirement Fund lifted its holdings in Frontdoor by 9.5% during the first quarter. Illinois Municipal Retirement Fund now owns 44,584 shares of the company's stock worth $1,713,000 after acquiring an additional 3,877 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in Frontdoor by 21.4% during the first quarter. Robeco Institutional Asset Management B.V. now owns 92,581 shares of the company's stock worth $3,557,000 after acquiring an additional 16,349 shares in the last quarter.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. upped their price objective on Frontdoor from $50.00 to $55.00 and gave the stock a "neutral" rating in a research report on Tuesday, June 3rd.

Frontdoor Stock Performance

Shares of Frontdoor stock traded down $0.48 on Monday, hitting $58.50. The stock had a trading volume of 473,633 shares, compared to its average volume of 483,138. The stock has a market cap of $4.31 billion, a price-to-earnings ratio of 18.93 and a beta of 1.28. Frontdoor Inc. has a twelve month low of $35.61 and a twelve month high of $63.49. 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 business's 50 day moving average is $57.31 and its two-hundred day moving average is $51.39.

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

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.