Frontdoor, Inc. (NASDAQ:FTDR) Shares Purchased by Lazard Asset Management LLC

Lazard Asset Management LLC lifted its position in shares of Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 363.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 220,044 shares of the company's stock after purchasing an additional 172,577 shares during the quarter. Lazard Asset Management LLC owned 0.29% of Frontdoor worth $12,028,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in FTDR. USA Financial Formulas acquired a new stake in shares of Frontdoor during the 4th quarter worth approximately $60,000. Janney Montgomery Scott LLC increased its holdings in Frontdoor by 37.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 41,971 shares of the company's stock worth $2,295,000 after acquiring an additional 11,385 shares in the last quarter. Blue Trust Inc. increased its holdings in Frontdoor by 332.8% in the 4th quarter. Blue Trust Inc. now owns 1,701 shares of the company's stock worth $93,000 after acquiring an additional 1,308 shares in the last quarter. Pacer Advisors Inc. increased its holdings in Frontdoor by 4.8% in the 4th quarter. Pacer Advisors Inc. now owns 7,854 shares of the company's stock worth $429,000 after acquiring an additional 357 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC purchased a new stake in Frontdoor in the 4th quarter worth $222,000.

Frontdoor Price Performance

FTDR traded up $0.25 on Friday, hitting $55.30. 451,289 shares of the company's stock were exchanged, compared to its average volume of 740,085. Frontdoor, Inc. has a fifty-two week low of $32.95 and a fifty-two week high of $63.49. 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 firm has a 50-day moving average price of $42.38 and a 200-day moving average price of $51.15. The stock has a market cap of $4.07 billion, a price-to-earnings ratio of 18.31 and a beta of 1.21.

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

Analysts Set New Price Targets

Several brokerages 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 for the company in a report on Monday, March 3rd. JPMorgan Chase & Co. lowered shares of Frontdoor from an "overweight" rating to a "neutral" rating and cut their price target for the stock from $58.00 to $40.00 in a report on Tuesday, April 22nd. Finally, Truist Financial boosted their price target on shares of Frontdoor from $58.00 to $67.00 and gave the stock 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.