LPL Financial LLC Acquires New Position in Frontdoor, Inc. (NASDAQ:FTDR)

LPL Financial LLC purchased a new position in shares of Frontdoor, Inc. (NASDAQ:FTDR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 6,137 shares of the company's stock, valued at approximately $336,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FTDR. Blue Trust Inc. increased its stake in 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 acquiring an additional 1,239 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new position in Frontdoor in the 4th quarter worth approximately $467,000. Atria Investments Inc raised its holdings in Frontdoor by 4.9% during the 4th quarter. Atria Investments Inc now owns 6,894 shares of the company's stock valued at $377,000 after buying an additional 325 shares during the last quarter. Caprock Group LLC bought a new position in shares of Frontdoor during the fourth quarter valued at about $208,000. Finally, Patriot Financial Group Insurance Agency LLC purchased a new stake in Frontdoor in the 4th quarter worth approximately $222,000.

Frontdoor Stock Performance

Frontdoor stock traded up $2.87 during mid-day trading on Friday, reaching $49.40. 288,975 shares of the stock traded hands, compared to its average volume of 741,241. Frontdoor, Inc. has a 12-month low of $31.35 and a 12-month high of $63.49. The business's 50-day moving average is $40.33 and its 200-day moving average is $50.93. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.42 and a quick ratio of 1.42. The stock has a market capitalization of $3.69 billion, a PE ratio of 16.34 and a beta of 1.19.

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, beating the consensus estimate of $0.37 by $0.27. The firm had revenue of $426.00 million during the quarter, compared to analyst estimates of $416.37 million. Frontdoor had a net margin of 12.87% and a return on equity of 132.99%. The business's revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.44 EPS. As a group, sell-side analysts predict that Frontdoor, Inc. will post 3.07 EPS for the current fiscal year.

Wall Street Analyst Weigh In

FTDR has been the topic of a number of research reports. JPMorgan Chase & Co. lowered shares of Frontdoor from an "overweight" rating to a "neutral" rating and cut their target price for the company from $58.00 to $40.00 in a research note on Tuesday, April 22nd. The Goldman Sachs Group reduced their price target on Frontdoor from $46.00 to $40.00 and set a "sell" rating for the company in a report on Monday, March 3rd. Finally, Truist Financial boosted their price objective on shares of Frontdoor from $58.00 to $67.00 and gave the stock a "buy" rating in a report on Friday, February 14th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $46.50.

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.