Universal Beteiligungs und Servicegesellschaft mbH Purchases New Position in Frontdoor Inc. (NASDAQ:FTDR)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has acquired 22,882 shares of Frontdoor Inc. (NASDAQ:FTDR), valued at approximately $879,000, during the first quarter.
• Frontdoor reported a quarterly earnings per share (EPS) of $0.64, exceeding expectations by $0.27, with a revenue increase of 12.7% year-over-year.
• JPMorgan Chase & Co. has raised its price target for Frontdoor shares from $50.00 to $55.00 while maintaining a "neutral" rating on the stock.

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Frontdoor Inc. (NASDAQ:FTDR - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 22,882 shares of the company's stock, valued at approximately $879,000.

Several other hedge funds have also bought and sold shares of the stock. Bessemer Group Inc. grew its stake in shares of Frontdoor by 514.7% during the 4th quarter. Bessemer Group Inc. now owns 627 shares of the company's stock valued at $34,000 after acquiring an additional 525 shares during the period. IFP Advisors Inc raised its position in shares of Frontdoor by 80,766.7% during the 1st quarter. IFP Advisors Inc now owns 2,426 shares of the company's stock valued at $93,000 after purchasing an additional 2,423 shares during the period. GAMMA Investing LLC lifted its stake in shares of Frontdoor by 16.5% during the 1st quarter. GAMMA Investing LLC now owns 2,447 shares of the company's stock valued at $94,000 after buying an additional 347 shares in the last quarter. CWM LLC increased its stake in Frontdoor by 91.2% in the 1st quarter. CWM LLC now owns 2,574 shares of the company's stock worth $99,000 after buying an additional 1,228 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in Frontdoor by 70.3% in the 1st quarter. Blue Trust Inc. now owns 2,780 shares of the company's stock worth $107,000 after buying an additional 1,148 shares in the last quarter.

Frontdoor Price Performance

FTDR traded up $0.39 during trading on Monday, hitting $58.49. 699,352 shares of the company traded hands, compared to its average volume of 556,657. The company has a market cap of $4.30 billion, a PE ratio of 16.32 and a beta of 1.32. Frontdoor Inc. has a 1 year low of $35.61 and a 1 year high of $63.49. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 5.88. The stock's 50-day simple moving average is $57.69 and its two-hundred day simple moving average is $51.45.

Frontdoor (NASDAQ:FTDR - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.64 EPS for the quarter, beating analysts' consensus estimates of $0.37 by $0.27. Frontdoor had a return on equity of 121.05% and a net margin of 12.59%. The company had revenue of $426.00 million during the quarter, compared to analyst estimates of $416.37 million. During the same period in the prior year, the company earned $0.44 earnings per share. The firm's revenue was up 12.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Frontdoor Inc. will post 3.07 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. upped their price objective on Frontdoor from $50.00 to $55.00 and gave the stock a "neutral" rating in a research note on Tuesday, June 3rd.

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.