Blue Trust Inc. Has $107,000 Holdings in Frontdoor Inc. (NASDAQ:FTDR)

Blue Trust Inc. raised its holdings in Frontdoor Inc. (NASDAQ:FTDR) by 70.3% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 2,780 shares of the company’s stock after acquiring an additional 1,148 shares during the quarter. Blue Trust Inc.’s holdings in Frontdoor were worth $107,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Bessemer Group Inc. lifted its stake in Frontdoor by 514.7% in the fourth quarter. Bessemer Group Inc. now owns 627 shares of the company’s stock valued at $34,000 after buying an additional 525 shares during the period. TD Private Client Wealth LLC lifted its stake in Frontdoor by 12.9% in the fourth quarter. TD Private Client Wealth LLC now owns 1,597 shares of the company’s stock valued at $87,000 after buying an additional 183 shares during the period. GAMMA Investing LLC lifted its stake in Frontdoor by 16.5% in the first quarter. GAMMA Investing LLC now owns 2,447 shares of the company’s stock valued at $94,000 after buying an additional 347 shares during the period. Smartleaf Asset Management LLC lifted its stake in Frontdoor by 360.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,484 shares of the company’s stock valued at $136,000 after buying an additional 1,945 shares during the period. Finally, Parkside Financial Bank & Trust raised its position in shares of Frontdoor by 8.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,880 shares of the company’s stock worth $157,000 after purchasing an additional 221 shares during the period.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on FTDR shares. JPMorgan Chase & Co. increased their target price on Frontdoor from $50.00 to $55.00 and gave the stock a “neutral” rating in a report on Tuesday, June 3rd. The Goldman Sachs Group cut their target price on Frontdoor from $46.00 to $40.00 and set a “sell” rating on the stock in a report on Monday, March 3rd.

Frontdoor Price Performance

Shares of FTDR opened at $57.87 on Thursday. The stock has a market cap of $4.26 billion, a P/E ratio of 18.73 and a beta of 1.27. The business’s fifty day moving average is $52.34 and its 200 day moving average is $51.14. Frontdoor Inc. has a 12-month low of $32.95 and a 12-month high of $63.49. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 5.88.

Frontdoor (NASDAQ:FTDR) last released 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. The business had revenue of $426.00 million during the quarter, compared to analyst estimates of $416.37 million. Frontdoor had a return on equity of 121.05% and a net margin of 12.59%. Frontdoor’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.44 EPS. Sell-side analysts anticipate that Frontdoor Inc. will post 3.07 earnings per share for the current fiscal year.

About Frontdoor

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.