Frontdoor Inc. $FTDR Shares Purchased by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC increased its ownership of Frontdoor Inc. by 46.2% during the first quarter, owning about 38,008 shares valued at approximately $1.43 million.
• Analysts have set new price targets for Frontdoor, with Truist Financial raising it to $71 and Goldman Sachs decreasing it to $50, contributing to a consensus price target of $59.75.
• Frontdoor reported a 13.8% increase in revenue year-over-year, posting an EPS of $1.63 in the latest quarter, surpassing analyst estimates.

Hsbc Holdings PLC grew its position in shares of Frontdoor Inc. (NASDAQ:FTDR - Free Report) by 46.2% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,008 shares of the company's stock after purchasing an additional 12,015 shares during the period. Hsbc Holdings PLC owned approximately 0.05% of Frontdoor worth $1,432,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Boston Partners lifted its stake in Frontdoor by 1.2% during the first quarter. Boston Partners now owns 5,980,271 shares of the company's stock worth $229,891,000 after purchasing an additional 68,733 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its stake in shares of Frontdoor by 33.1% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,752,723 shares of the company's stock worth $105,760,000 after acquiring an additional 685,148 shares in the last quarter. Reinhart Partners LLC. grew its stake in shares of Frontdoor by 16.2% in the first quarter. Reinhart Partners LLC. now owns 2,368,684 shares of the company's stock worth $91,005,000 after acquiring an additional 331,066 shares in the last quarter. Invesco Ltd. grew its stake in shares of Frontdoor by 46.9% in the first quarter. Invesco Ltd. now owns 1,223,776 shares of the company's stock worth $47,017,000 after acquiring an additional 390,434 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of Frontdoor by 3.2% in the first quarter. Northern Trust Corp now owns 963,544 shares of the company's stock worth $37,019,000 after acquiring an additional 29,892 shares in the last quarter.

Analysts Set New Price Targets

FTDR has been the subject of several research reports. Truist Financial boosted their price target on shares of Frontdoor from $67.00 to $71.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. The Goldman Sachs Group boosted their price target on shares of Frontdoor from $44.00 to $50.00 and gave the stock a "sell" rating in a research note on Wednesday, August 6th. JPMorgan Chase & Co. raised their price objective on shares of Frontdoor from $50.00 to $55.00 and gave the company a "neutral" rating in a report on Tuesday, June 3rd. Oppenheimer lifted their price objective on shares of Frontdoor from $56.00 to $63.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 6th. Finally, Zacks Research raised shares of Frontdoor from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 27th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Frontdoor has an average rating of "Moderate Buy" and an average price target of $59.75.

Frontdoor Stock Up 0.4%

Shares of Frontdoor stock traded up $0.24 during trading hours on Wednesday, hitting $62.15. The company had a trading volume of 898,596 shares, compared to its average volume of 685,585. The company's 50-day moving average is $58.74 and its two-hundred day moving average is $51.52. Frontdoor Inc. has a twelve month low of $35.61 and a twelve month high of $64.91. The company has a debt-to-equity ratio of 4.56, a current ratio of 1.49 and a quick ratio of 1.49. The company has a market cap of $4.53 billion, a P/E ratio of 18.33 and a beta of 1.34.

Frontdoor (NASDAQ:FTDR - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.19. Frontdoor had a net margin of 13.07% and a return on equity of 125.21%. The business had revenue of $617.00 million during the quarter, compared to analysts' expectations of $602.62 million. During the same quarter in the prior year, the business posted $1.27 EPS. The company's revenue for the quarter was up 13.8% on a year-over-year basis. Frontdoor has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Analysts anticipate that Frontdoor Inc. will post 3.07 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Jeffrey Fiarman sold 129,673 shares of Frontdoor stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $56.15, for a total value of $7,281,138.95. Following the transaction, the senior vice president directly owned 34,646 shares of the company's stock, valued at $1,945,372.90. The trade was a 78.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.48% of the company's stock.

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.