Frontdoor Inc. $FTDR Stock Sold by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC lowered its holdings in shares of Frontdoor Inc. (NASDAQ:FTDR) by 50.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,945 shares of the company’s stock after selling 16,212 shares during the period. Motley Fool Asset Management LLC’s holdings in Frontdoor were worth $1,166,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Abel Hall LLC boosted its holdings in shares of Frontdoor by 6.0% during the 3rd quarter. Abel Hall LLC now owns 3,025 shares of the company’s stock worth $221,000 after buying an additional 170 shares in the last quarter. State of Wyoming increased its stake in shares of Frontdoor by 2.5% in the 1st quarter. State of Wyoming now owns 7,140 shares of the company’s stock valued at $377,000 after acquiring an additional 177 shares in the last quarter. Handelsbanken Fonder AB increased its stake in shares of Frontdoor by 0.8% in the 2nd quarter. Handelsbanken Fonder AB now owns 25,900 shares of the company’s stock valued at $2,010,000 after acquiring an additional 200 shares in the last quarter. Pullen Investment Management LLC increased its stake in shares of Frontdoor by 0.6% in the 3rd quarter. Pullen Investment Management LLC now owns 48,078 shares of the company’s stock valued at $3,515,000 after acquiring an additional 283 shares in the last quarter. Finally, Corient Private Wealth LP lifted its position in shares of Frontdoor by 5.8% during the 2nd quarter. Corient Private Wealth LP now owns 5,807 shares of the company’s stock valued at $447,000 after acquiring an additional 316 shares during the period.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on FTDR. Truist Financial increased their target price on shares of Frontdoor from $82.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Oppenheimer lifted their price target on shares of Frontdoor from $70.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. The Goldman Sachs Group decreased their price target on shares of Frontdoor from $91.00 to $81.00 and set a “neutral” rating for the company in a research note on Monday, October 12th. JPMorgan Chase & Co. assumed coverage on shares of Frontdoor in a report on Monday, August 24th. They set a “neutral” rating and a $95.00 price objective on the stock. Finally, Weiss Ratings raised shares of Frontdoor from a “hold (c+)” rating to a “buy (b)” rating in a research report on Wednesday, October 21st. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Frontdoor currently has an average rating of “Moderate Buy” and an average price target of $95.40.

Frontdoor Price Performance

Shares of FTDR opened at $87.35 on Friday. Frontdoor Inc. has a 12-month low of $48.47 and a 12-month high of $93.43. The business’s fifty day moving average is $79.82 and its 200 day moving average is $69.19. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 3.98. The stock has a market cap of $6.02 billion, a P/E ratio of 23.17 and a beta of 1.53.

Frontdoor (NASDAQ:FTDR) last announced its quarterly earnings results on Thursday, August 6th. The company reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.17. The business 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 quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.63 EPS. Sell-side analysts anticipate that Frontdoor Inc. will post 4.67 earnings per share for the current fiscal year.

Frontdoor Company Profile

Frontdoor, Inc (NASDAQ: FTDR) is a provider of home warranties and related home repair services. The company helps homeowners manage the cost and complexity of maintaining household systems and appliances, including heating and cooling equipment, plumbing, electrical systems, water heaters and major kitchen appliances.

Frontdoor operates primarily through its American Home Shield brand, which offers home service plans and access to a network of professional contractors. The company also provides digital tools and services designed to help homeowners diagnose household problems, request service and connect with qualified professionals.