Assenagon Asset Management S.A. Sells 149,441 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

Assenagon Asset Management S.A. decreased its stake in Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 38.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 238,428 shares of the company's stock after selling 149,441 shares during the period. Assenagon Asset Management S.A. owned 0.30% of Frontdoor worth $8,397,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in FTDR. BlackRock Inc. increased its position in shares of Frontdoor by 5.9% during the 2nd quarter. BlackRock Inc. now owns 13,891,766 shares of the company's stock valued at $443,147,000 after purchasing an additional 769,145 shares during the period. Vanguard Group Inc. grew its holdings in shares of Frontdoor by 4.5% in the 3rd quarter. Vanguard Group Inc. now owns 9,556,259 shares of the company's stock worth $292,326,000 after acquiring an additional 413,393 shares during the last quarter. Mackenzie Financial Corp grew its holdings in shares of Frontdoor by 3.5% in the 4th quarter. Mackenzie Financial Corp now owns 5,555,863 shares of the company's stock worth $115,562,000 after acquiring an additional 189,141 shares during the last quarter. Boston Partners grew its holdings in shares of Frontdoor by 0.6% in the 3rd quarter. Boston Partners now owns 4,753,785 shares of the company's stock worth $145,400,000 after acquiring an additional 28,149 shares during the last quarter. Finally, State Street Corp grew its holdings in shares of Frontdoor by 41.1% in the 3rd quarter. State Street Corp now owns 4,154,233 shares of the company's stock worth $84,705,000 after acquiring an additional 1,210,749 shares during the last quarter.

Analysts Set New Price Targets

Separately, Wells Fargo & Company decreased their target price on Frontdoor from $40.00 to $36.00 and set an "equal weight" rating on the stock in a report on Friday, March 1st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $39.40.

Frontdoor Stock Up 0.8 %

Shares of FTDR stock traded up $0.27 on Friday, reaching $32.58. 659,996 shares of the company's stock traded hands, compared to its average volume of 819,023. The company has a market capitalization of $2.55 billion, a P/E ratio of 15.37 and a beta of 0.89. Frontdoor, Inc. has a 12-month low of $26.09 and a 12-month high of $38.97. The company has a debt-to-equity ratio of 4.24, a quick ratio of 1.10 and a current ratio of 1.10. The business's 50 day moving average price is $32.24 and its two-hundred day moving average price is $32.70.

Frontdoor (NASDAQ:FTDR - Get Free Report) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.18. The firm had revenue of $366.00 million during the quarter, compared to analysts' expectations of $360.47 million. Frontdoor had a return on equity of 142.80% and a net margin of 9.66%. The business's revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.13 earnings per share. On average, equities analysts forecast that Frontdoor, Inc. will post 2.35 earnings per share for the current 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.