JPMorgan Chase & Co. Has $15.17 Million Holdings in Frontdoor Inc. $FTDR

JPMorgan Chase & Co. lifted its holdings in Frontdoor Inc. (NASDAQ:FTDR) by 26.8% during the third quarter, HoldingsChannel.com reports. The firm owned 225,385 shares of the company’s stock after purchasing an additional 47,587 shares during the period. JPMorgan Chase & Co.’s holdings in Frontdoor were worth $15,166,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Invesco Ltd. grew its position in Frontdoor by 2.5% in the third quarter. Invesco Ltd. now owns 1,108,815 shares of the company’s stock valued at $74,612,000 after purchasing an additional 27,410 shares in the last quarter. Wasatch Advisors LP lifted its position in Frontdoor by 2.7% during the 3rd quarter. Wasatch Advisors LP now owns 968,286 shares of the company’s stock worth $65,156,000 after buying an additional 25,613 shares in the last quarter. Broad Bay Capital Management LP acquired a new position in shares of Frontdoor during the 2nd quarter worth about $46,886,000. Bank of America Corp DE boosted its stake in shares of Frontdoor by 4.7% during the 2nd quarter. Bank of America Corp DE now owns 699,289 shares of the company’s stock worth $41,216,000 after buying an additional 31,087 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH grew its holdings in shares of Frontdoor by 18.4% in the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 627,791 shares of the company’s stock valued at $42,244,000 after acquiring an additional 97,565 shares in the last quarter.

Frontdoor Stock Down 3.3%

Shares of FTDR stock opened at $55.84 on Friday. Frontdoor Inc. has a 52-week low of $35.61 and a 52-week high of $70.77. The stock has a market cap of $3.94 billion, a price-to-earnings ratio of 16.38 and a beta of 1.31. The firm’s 50-day moving average is $60.05 and its 200-day moving average is $60.14. The company has a debt-to-equity ratio of 4.73, a quick ratio of 1.55 and a current ratio of 1.55.

Frontdoor (NASDAQ:FTDR) last posted its quarterly earnings results on Thursday, February 26th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.12. The business had revenue of $433.00 million during the quarter, compared to analysts’ expectations of $421.62 million. Frontdoor had a return on equity of 120.79% and a net margin of 12.18%.Frontdoor’s quarterly revenue was up 13.1% on a year-over-year basis. During the same quarter last year, the company posted $0.27 earnings per share. Sell-side analysts predict that Frontdoor Inc. will post 3.07 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Truist Financial set a $71.00 target price on Frontdoor in a research report on Monday, January 26th. Wall Street Zen downgraded Frontdoor from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th. Benchmark started coverage on Frontdoor in a research note on Thursday. They set a “buy” rating and a $80.00 price objective on the stock. Weiss Ratings raised Frontdoor from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. Finally, Oppenheimer reissued an “outperform” rating and issued a $70.00 target price on shares of Frontdoor in a research note on Thursday, February 26th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $68.60.

Frontdoor 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.