Livforsakringsbolaget Skandia Omsesidigt Has $3.81 Million Stake in Frontdoor Inc. $FTDR

Key Points

• Livforsakringsbolaget Skandia Omsesidigt has increased its stake in Frontdoor Inc. by 54.9%, owning 64,600 shares worth approximately $3.8 million after acquiring an additional 22,900 shares in Q2.
• Several analysts have raised their price targets for Frontdoor, with Oppenheimer setting a new target of $63, while Zacks Research upgraded their rating to strong-buy.
• Frontdoor reported earnings of $1.63 per share for the last quarter, exceeding estimates, and its revenue increased by 13.8% year-over-year to $617 million.

Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of Frontdoor Inc. (NASDAQ:FTDR - Free Report) by 54.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 64,600 shares of the company's stock after purchasing an additional 22,900 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt owned about 0.09% of Frontdoor worth $3,808,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Frontdoor in the second quarter valued at about $247,000. Financiere des Professionnels Fonds d investissement inc. bought a new stake in shares of Frontdoor in the second quarter valued at about $357,000. Voya Investment Management LLC boosted its position in shares of Frontdoor by 33.5% in the first quarter. Voya Investment Management LLC now owns 55,829 shares of the company's stock valued at $2,145,000 after acquiring an additional 14,015 shares during the period. Rhumbline Advisers boosted its position in shares of Frontdoor by 0.5% in the first quarter. Rhumbline Advisers now owns 210,446 shares of the company's stock valued at $8,085,000 after acquiring an additional 966 shares during the period. Finally, Strs Ohio bought a new stake in shares of Frontdoor in the first quarter valued at about $1,007,000.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other Frontdoor news, SVP Jeffrey Fiarman sold 129,673 shares of the stock in a transaction that occurred on 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 of the company's stock, valued at approximately $1,945,372.90. This represents a 78.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.48% of the company's stock.

Frontdoor Trading Up 0.8%

NASDAQ:FTDR traded up $0.54 on Tuesday, reaching $68.58. 105,006 shares of the stock traded hands, compared to its average volume of 736,930. The firm has a market capitalization of $5.00 billion, a price-to-earnings ratio of 20.23 and a beta of 1.34. The company's 50 day moving average is $60.57 and its 200-day moving average is $52.88. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 4.56. Frontdoor Inc. has a 1-year low of $35.61 and a 1-year high of $68.86.

Frontdoor (NASDAQ:FTDR - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $1.63 earnings per share for the quarter, beating analysts' consensus estimates of $1.44 by $0.19. The business had revenue of $617.00 million during 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 company's revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.27 EPS. Frontdoor has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities research analysts anticipate that Frontdoor Inc. will post 3.07 EPS for the current fiscal year.

Frontdoor 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.