Janney Montgomery Scott LLC trimmed its holdings in shares of Frontdoor Inc. (NASDAQ:FTDR - Free Report) by 12.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 36,551 shares of the company's stock after selling 5,420 shares during the quarter. Janney Montgomery Scott LLC's holdings in Frontdoor were worth $1,404,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in FTDR. Bessemer Group Inc. lifted its holdings in shares of Frontdoor by 514.7% in the fourth quarter. Bessemer Group Inc. now owns 627 shares of the company's stock worth $34,000 after buying an additional 525 shares in the last quarter. TD Private Client Wealth LLC raised its stake in shares of Frontdoor by 12.9% in the fourth 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 during the period. GAMMA Investing LLC raised its stake in shares of Frontdoor by 16.5% in the first quarter. GAMMA Investing LLC now owns 2,447 shares of the company's stock valued at $94,000 after acquiring an additional 347 shares during the period. Smartleaf Asset Management LLC raised its stake in shares of Frontdoor by 360.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,484 shares of the company's stock valued at $136,000 after acquiring an additional 1,945 shares during the period. Finally, Parkside Financial Bank & Trust grew its holdings in shares of Frontdoor by 8.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,880 shares of the company's stock worth $157,000 after purchasing an additional 221 shares during the last quarter.
Frontdoor Stock Performance
FTDR stock traded up $0.72 during trading on Friday, reaching $58.59. The company had a trading volume of 1,028,078 shares, compared to its average volume of 724,874. The firm has a 50-day simple moving average of $53.09 and a 200-day simple moving average of $51.14. The company has a market cap of $4.31 billion, a price-to-earnings ratio of 18.96 and a beta of 1.27. The company has a debt-to-equity ratio of 5.88, a quick ratio of 1.34 and a current ratio of 1.34. Frontdoor Inc. has a twelve month low of $32.95 and a twelve month high of $63.49.
Frontdoor (NASDAQ:FTDR - Get Free Report) last posted 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. Frontdoor had a net margin of 12.59% and a return on equity of 121.05%. The company had revenue of $426.00 million during the quarter, compared to analyst estimates of $416.37 million. During the same period last year, the firm posted $0.44 EPS. Frontdoor's revenue for the quarter was up 12.7% compared to the same quarter last year. As a group, sell-side analysts expect that Frontdoor Inc. will post 3.07 earnings per share for the current year.
Analysts Set New Price Targets
A number of research firms have recently commented on FTDR. The Goldman Sachs Group cut their price target on shares of Frontdoor from $46.00 to $40.00 and set a "sell" rating on the stock in a report on Monday, March 3rd. JPMorgan Chase & Co. increased their price target on shares of Frontdoor from $50.00 to $55.00 and gave the company a "neutral" rating in a research report on Tuesday, June 3rd.
Read Our Latest Stock Report on Frontdoor
About Frontdoor
(
Free Report)
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.
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