UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Stock Position in Frontdoor, Inc. (NASDAQ:FTDR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 23.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 224,392 shares of the company's stock after purchasing an additional 42,150 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.30% of Frontdoor worth $12,268,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of FTDR. 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. Quantinno Capital Management LP raised its position in Frontdoor by 0.8% in the 4th quarter. Quantinno Capital Management LP now owns 24,212 shares of the company's stock worth $1,324,000 after buying an additional 183 shares during the last quarter. Willis Investment Counsel lifted its stake in Frontdoor by 0.4% during the 4th quarter. Willis Investment Counsel now owns 46,753 shares of the company's stock valued at $2,556,000 after acquiring an additional 185 shares during the period. Parkside Financial Bank & Trust boosted its holdings 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 valued at $157,000 after acquiring an additional 221 shares during the last quarter. Finally, Mariner LLC boosted its holdings in shares of Frontdoor by 4.0% during the 4th quarter. Mariner LLC now owns 7,311 shares of the company's stock valued at $400,000 after acquiring an additional 284 shares during the last quarter.

Wall Street Analysts Forecast Growth

FTDR has been the subject of several research reports. JPMorgan Chase & Co. increased their price objective on shares of Frontdoor from $50.00 to $55.00 and gave the company a "neutral" rating in a research report on Tuesday. The Goldman Sachs Group decreased their target price 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 raised their price target on Frontdoor from $58.00 to $67.00 and gave the stock a "buy" rating in a research note on Friday, February 14th.

Frontdoor Stock Performance

Shares of NASDAQ:FTDR traded up $0.34 during trading on Tuesday, hitting $56.84. The company's stock had a trading volume of 562,978 shares, compared to its average volume of 739,964. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.42 and a quick ratio of 1.42. The firm has a market cap of $4.18 billion, a price-to-earnings ratio of 18.82 and a beta of 1.21. The company has a 50-day moving average of $46.39 and a 200-day moving average of $51.12. Frontdoor, Inc. has a 12 month low of $32.95 and a 12 month high of $63.49.

Frontdoor (NASDAQ:FTDR - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.27. Frontdoor had a net margin of 12.87% and a return on equity of 132.99%. The business had revenue of $426.00 million for the quarter, compared to the consensus estimate of $416.37 million. During the same period last year, the firm earned $0.44 earnings per share. The company's quarterly revenue was up 12.7% on a year-over-year basis. On average, sell-side analysts expect that Frontdoor, Inc. will post 3.07 earnings per share for the current year.

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.