Frontdoor Inc. $FTDR Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB lowered its position in Frontdoor Inc. (NASDAQ:FTDR) by 5.9% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 22,200 shares of the company’s stock after selling 1,400 shares during the period. Handelsbanken Fonder AB’s holdings in Frontdoor were worth $1,308,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of FTDR. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Frontdoor in the second quarter valued at about $281,000. Pinnacle Wealth Planning Services Inc. purchased a new stake in Frontdoor during the 2nd quarter valued at about $351,000. Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in Frontdoor by 3.6% in the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 23,713 shares of the company’s stock valued at $1,398,000 after acquiring an additional 831 shares during the last quarter. Creative Planning raised its holdings in Frontdoor by 53.4% in the 2nd quarter. Creative Planning now owns 35,806 shares of the company’s stock valued at $2,110,000 after acquiring an additional 12,457 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Frontdoor by 4.1% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,892 shares of the company’s stock worth $1,113,000 after purchasing an additional 747 shares in the last quarter.

Analysts Set New Price Targets

A number of research firms have recently issued reports on FTDR. Oppenheimer upped their price target on Frontdoor from $56.00 to $63.00 and gave the company an “outperform” rating in a research report on Wednesday, August 6th. Zacks Research downgraded Frontdoor from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th. The Goldman Sachs Group lifted their price target on Frontdoor from $44.00 to $50.00 and gave the stock a “sell” rating in a report on Wednesday, August 6th. Truist Financial upped their price objective on shares of Frontdoor from $67.00 to $71.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Frontdoor in a research report on Tuesday. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Frontdoor presently has a consensus rating of “Hold” and an average price target of $59.75.

Frontdoor Price Performance

NASDAQ:FTDR opened at $53.84 on Friday. Frontdoor Inc. has a 52 week low of $35.61 and a 52 week high of $70.14. The stock’s fifty day moving average is $61.59 and its two-hundred day moving average is $59.62. The company has a market capitalization of $3.88 billion, a P/E ratio of 15.34 and a beta of 1.35. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 3.64.

Frontdoor (NASDAQ:FTDR) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.09. The firm had revenue of $618.00 million during the quarter, compared to the consensus estimate of $610.77 million. Frontdoor had a return on equity of 122.74% and a net margin of 12.87%.The company’s quarterly revenue was up 14.4% on a year-over-year basis. During the same period last year, the company earned $1.38 EPS. Frontdoor has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. Equities analysts expect that Frontdoor Inc. will post 3.07 EPS for the current year.

Frontdoor Company Profile

Frontdoor, Inc provides home warranties in the United States in the United States. Its customizable home warranties help customers protect and maintain their homes from costly and unplanned breakdowns of essential home systems and appliances. The company’s home warranty customers subscribe to an annual service plan agreement that covers the repair or replacement of principal components of approximately 20 home systems and appliances, including electrical, plumbing, water heaters, refrigerators, dishwashers, and ranges/ovens/cooktops, as well as electronics, pools, and spas and pumps; and heating, ventilation, and air conditioning systems.