Jupiter Topco LLC Acquires Shares of 1,467,368 Frontdoor Inc. $FTDR

Jupiter Topco LLC bought a new position in Frontdoor Inc. (NASDAQ:FTDR) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,467,368 shares of the company’s stock, valued at approximately $113,873,000. Jupiter Topco LLC owned approximately 2.13% of Frontdoor as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of FTDR. BlackRock Inc. purchased a new stake in shares of Frontdoor during the 2nd quarter valued at about $859,552,000. Boston Partners increased its holdings in Frontdoor by 8.5% during the fourth quarter. Boston Partners now owns 5,777,252 shares of the company’s stock valued at $333,742,000 after buying an additional 454,040 shares during the last quarter. Bank of New York Mellon Corp bought a new position in Frontdoor in the second quarter worth approximately $33,812,000. Danske Bank A S bought a new position in Frontdoor in the second quarter worth approximately $28,742,000. Finally, Marshall Wace LLP purchased a new position in shares of Frontdoor during the 3rd quarter worth $23,871,000.

Analyst Ratings Changes

A number of research analysts recently issued reports on FTDR shares. Oppenheimer boosted their price objective on Frontdoor from $70.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Frontdoor in a report on Tuesday, August 18th. JPMorgan Chase & Co. assumed coverage on shares of Frontdoor in a report on Monday. They issued a “neutral” rating and a $95.00 price target on the stock. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Frontdoor in a report on Friday, August 7th. Finally, Wolfe Research raised shares of Frontdoor to an “outperform” rating in a report on Monday. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $92.60.

Frontdoor Price Performance

NASDAQ FTDR opened at $83.68 on Thursday. Frontdoor Inc. has a 12-month low of $48.47 and a 12-month high of $93.43. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 3.98. The firm has a market capitalization of $5.76 billion, a P/E ratio of 22.20 and a beta of 1.47. The firm’s fifty day simple moving average is $77.68 and its two-hundred day simple moving average is $67.04.

Frontdoor (NASDAQ:FTDR) last announced its quarterly earnings data on Thursday, August 6th. The company reported $1.93 EPS for the quarter, beating the consensus estimate of $1.76 by $0.17. The firm had revenue of $645.00 million during the quarter, compared to analyst estimates of $643.40 million. Frontdoor had a net margin of 12.72% and a return on equity of 120.90%. Frontdoor’s revenue was up 4.5% on a year-over-year basis. During the same period last year, the firm posted $1.63 EPS. Analysts forecast that Frontdoor Inc. will post 4.66 EPS for the current fiscal year.

About Frontdoor

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.