Legal & General Group Plc Sells 9,061 Shares of Frontdoor Inc. $FTDR

Legal & General Group Plc reduced its holdings in shares of Frontdoor Inc. (NASDAQ:FTDR) by 4.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 180,406 shares of the company’s stock after selling 9,061 shares during the period. Legal & General Group Plc owned about 0.25% of Frontdoor worth $10,408,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Marshall Wace LLP purchased a new position in Frontdoor during the 3rd quarter worth $23,871,000. Cubist Systematic Strategies LLC increased its holdings in Frontdoor by 309.6% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 431,446 shares of the company’s stock worth $25,429,000 after purchasing an additional 326,112 shares during the period. Millennium Management LLC increased its holdings in Frontdoor by 533.0% during the 1st quarter. Millennium Management LLC now owns 307,497 shares of the company’s stock worth $11,814,000 after purchasing an additional 258,920 shares during the period. Jane Street Group LLC increased its holdings in Frontdoor by 149.7% during the 2nd quarter. Jane Street Group LLC now owns 360,228 shares of the company’s stock worth $21,232,000 after purchasing an additional 215,982 shares during the period. Finally, Squarepoint Ops LLC increased its holdings in Frontdoor by 936.9% during the 2nd quarter. Squarepoint Ops LLC now owns 163,980 shares of the company’s stock worth $9,665,000 after purchasing an additional 148,166 shares during the period.

Frontdoor Trading Up 0.2%

FTDR opened at $62.08 on Thursday. The firm has a market cap of $4.36 billion, a price-to-earnings ratio of 17.79 and a beta of 1.50. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 4.95. Frontdoor Inc. has a 12 month low of $48.47 and a 12 month high of $70.77. The stock has a fifty day moving average price of $60.42 and a 200-day moving average price of $58.82.

Frontdoor (NASDAQ:FTDR) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.66 by $0.07. The firm had revenue of $451.00 million during the quarter, compared to analyst estimates of $442.28 million. Frontdoor had a return on equity of 118.62% and a net margin of 12.22%.The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.64 EPS. As a group, equities research analysts anticipate that Frontdoor Inc. will post 4.48 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Wall Street Zen downgraded Frontdoor from a “buy” rating to a “hold” rating in a report on Sunday, March 8th. Oppenheimer restated an “outperform” rating and set a $70.00 price objective on shares of Frontdoor in a report on Thursday, February 26th. The Goldman Sachs Group upgraded Frontdoor from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $50.00 to $67.00 in a report on Monday, March 2nd. Benchmark assumed coverage on Frontdoor in a report on Thursday, March 26th. They set a “buy” rating and a $80.00 price objective on the stock. Finally, Weiss Ratings downgraded Frontdoor from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $72.00.

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.