Lazard Asset Management LLC Raises Stock Holdings in Frontdoor, Inc. (NASDAQ:FTDR)

Lazard Asset Management LLC grew its stake in shares of Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 363.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 220,044 shares of the company's stock after acquiring an additional 172,577 shares during the quarter. Lazard Asset Management LLC owned about 0.29% of Frontdoor worth $12,028,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Bessemer Group Inc. increased its position in Frontdoor by 514.7% during the fourth quarter. Bessemer Group Inc. now owns 627 shares of the company's stock worth $34,000 after purchasing an additional 525 shares during the last quarter. USA Financial Formulas acquired a new stake in shares of Frontdoor during the 4th quarter worth $60,000. TD Private Client Wealth LLC raised its position in shares of Frontdoor by 12.9% in the 4th quarter. TD Private Client Wealth LLC now owns 1,597 shares of the company's stock worth $87,000 after buying an additional 183 shares during the period. Blue Trust Inc. raised its position in shares of Frontdoor by 315.3% in the 4th quarter. Blue Trust Inc. now owns 1,632 shares of the company's stock worth $89,000 after buying an additional 1,239 shares during the period. Finally, Nkcfo LLC purchased a new stake in Frontdoor during the fourth quarter valued at about $96,000.

Frontdoor Stock Down 0.2%

Shares of FTDR traded down $0.10 during midday trading on Monday, reaching $55.20. 73,704 shares of the company were exchanged, compared to its average volume of 738,547. Frontdoor, Inc. has a 1-year low of $32.95 and a 1-year high of $63.49. The stock has a 50-day moving average price of $42.38 and a 200-day moving average price of $51.16. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.16. The company has a market cap of $4.06 billion, a price-to-earnings ratio of 18.28 and a beta of 1.21.

Frontdoor (NASDAQ:FTDR - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.37 by $0.27. Frontdoor had a return on equity of 132.99% and a net margin of 12.87%. The firm had revenue of $426.00 million for the quarter, compared to analyst estimates of $416.37 million. During the same period in the previous year, the company posted $0.44 EPS. Frontdoor's revenue for the quarter was up 12.7% on a year-over-year basis. Research analysts expect that Frontdoor, Inc. will post 3.07 earnings per share for the current year.

Analyst Ratings Changes

FTDR has been the topic of a number of research reports. The Goldman Sachs Group cut their price objective on 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. downgraded shares of Frontdoor from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from $58.00 to $40.00 in a research report on Tuesday, April 22nd. Finally, Truist Financial raised their price target on shares of Frontdoor from $58.00 to $67.00 and gave the company a "buy" rating in a report on Friday, February 14th.

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.