Bessemer Group Inc. Grows Stock Position in Frontdoor Inc. $FTDR

Bessemer Group Inc. boosted its holdings in Frontdoor Inc. (NASDAQ:FTDR) by 38.2% during the first quarter, Holdings Channel.com reports. The fund owned 110,559 shares of the company’s stock after acquiring an additional 30,576 shares during the period. Bessemer Group Inc.’s holdings in Frontdoor were worth $5,844,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Park Avenue Securities LLC raised its position in Frontdoor by 4.0% during the fourth quarter. Park Avenue Securities LLC now owns 5,107 shares of the company’s stock worth $295,000 after acquiring an additional 198 shares during the last quarter. Nisa Investment Advisors LLC grew its position in shares of Frontdoor by 11.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,065 shares of the company’s stock valued at $119,000 after purchasing an additional 217 shares during the last quarter. Optivise Advisory Services LLC increased its stake in shares of Frontdoor by 6.9% during the 4th quarter. Optivise Advisory Services LLC now owns 3,641 shares of the company’s stock worth $210,000 after purchasing an additional 235 shares in the last quarter. ProShare Advisors LLC increased its stake in shares of Frontdoor by 1.7% during the 4th quarter. ProShare Advisors LLC now owns 14,232 shares of the company’s stock worth $821,000 after purchasing an additional 236 shares in the last quarter. Finally, Snowden Capital Advisors LLC raised its position in shares of Frontdoor by 4.1% during the 2nd quarter. Snowden Capital Advisors LLC now owns 6,407 shares of the company’s stock worth $378,000 after purchasing an additional 250 shares during the last quarter.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on FTDR shares. Weiss Ratings lowered Frontdoor from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 21st. Benchmark assumed coverage on Frontdoor in a research report on Thursday, March 26th. They set a “buy” rating and a $80.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $72.00.

Frontdoor Price Performance

Frontdoor stock opened at $74.87 on Tuesday. The stock has a market capitalization of $5.26 billion, a P/E ratio of 21.45 and a beta of 1.46. Frontdoor Inc. has a 12-month low of $48.47 and a 12-month high of $80.73. The company has a debt-to-equity ratio of 4.95, a current ratio of 1.47 and a quick ratio of 1.47. The firm’s 50-day moving average is $69.11 and its two-hundred day moving average is $63.11.

Frontdoor (NASDAQ:FTDR) last issued its earnings results on Thursday, April 30th. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.07. The business had revenue of $451.00 million for the quarter, compared to the consensus estimate of $442.28 million. Frontdoor had a net margin of 12.22% and a return on equity of 118.62%. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.64 EPS. Equities analysts predict that Frontdoor Inc. will post 4.48 earnings per share for the current year.

Frontdoor Company Profile

Frontdoor, Inc (NASDAQ:FTDR) is a leading provider of home service plans and repair solutions for residential property owners. The company offers contract-based coverage that helps homeowners manage the cost of repairing and replacing essential household systems and appliances, including heating and cooling, plumbing, electrical wiring, water heaters, washers, dryers, refrigerators and other major kitchen equipment.

Frontdoor delivers its services through a nationwide network of independent service professionals and contractors, leveraging a cloud-based platform and call center infrastructure to coordinate service visits and process claims.