Hsbc Holdings PLC Purchases 12,015 Shares of Frontdoor Inc. $FTDR

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 increased its stake in Frontdoor Inc. (NASDAQ:FTDR - Free Report) by 46.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 38,008 shares of the company's stock after purchasing an additional 12,015 shares during the quarter. Hsbc Holdings PLC owned approximately 0.05% of Frontdoor worth $1,432,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FTDR. Nuveen LLC acquired a new stake in Frontdoor in the 1st quarter worth approximately $32,213,000. Fiera Capital Corp acquired a new position in shares of Frontdoor during the first quarter worth approximately $28,024,000. Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Frontdoor by 33.1% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,752,723 shares of the company's stock worth $105,760,000 after buying an additional 685,148 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Frontdoor by 46.9% during the first quarter. Invesco Ltd. now owns 1,223,776 shares of the company's stock worth $47,017,000 after buying an additional 390,434 shares during the last quarter. Finally, Reinhart Partners LLC. lifted its holdings in shares of Frontdoor by 16.2% during the first quarter. Reinhart Partners LLC. now owns 2,368,684 shares of the company's stock worth $91,005,000 after buying an additional 331,066 shares during the last quarter.

Analyst Ratings Changes

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

Frontdoor Price Performance

Frontdoor stock traded up $0.37 during mid-day trading on Friday, hitting $60.75. 774,757 shares of the company were exchanged, compared to its average volume of 720,552. The company has a market capitalization of $4.43 billion, a PE ratio of 15.50 and a beta of 1.34. The business has a fifty day moving average of $58.58 and a 200 day moving average of $51.36. Frontdoor Inc. has a 1-year low of $35.61 and a 1-year high of $64.91. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 4.56.

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

Insider Activity

In related news, SVP Jeffrey Fiarman sold 129,673 shares of the stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $56.15, for a total transaction of $7,281,138.95. Following the completion of the sale, the senior vice president owned 34,646 shares in the company, valued at $1,945,372.90. This trade represents a 78.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.48% of the stock is owned by company insiders.

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.