Bokf Na Reduces Stock Position in Frontdoor, Inc. (NASDAQ:FTDR)

Bokf Na trimmed its position in Frontdoor, Inc. (NASDAQ:FTDR) by 12.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,520 shares of the company’s stock after selling 1,301 shares during the quarter. Bokf Na’s holdings in Frontdoor were worth $528,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bosun Asset Management LLC lifted its stake in Frontdoor by 46.2% during the 4th quarter. Bosun Asset Management LLC now owns 9,469 shares of the company’s stock valued at $518,000 after acquiring an additional 2,991 shares during the period. Caxton Associates LP raised its holdings in shares of Frontdoor by 564.3% during the fourth quarter. Caxton Associates LP now owns 48,110 shares of the company’s stock worth $2,630,000 after purchasing an additional 40,868 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Frontdoor by 7.7% in the 4th quarter. AQR Capital Management LLC now owns 77,243 shares of the company’s stock valued at $4,223,000 after buying an additional 5,555 shares during the period. Lido Advisors LLC lifted its holdings in Frontdoor by 22.7% in the fourth quarter. Lido Advisors LLC now owns 6,345 shares of the company’s stock valued at $347,000 after acquiring an additional 1,173 shares during the period. Finally, Northern Trust Corp boosted its holdings in Frontdoor by 10.4% during the fourth quarter. Northern Trust Corp now owns 933,652 shares of the company’s stock worth $51,043,000 after buying an additional 88,215 shares in the last quarter.

Analyst Ratings Changes

Several research firms have recently issued reports on FTDR. JPMorgan Chase & Co. lowered shares of Frontdoor from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $58.00 to $40.00 in a research note on Tuesday, April 22nd. Truist Financial increased their price target on Frontdoor from $58.00 to $67.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Finally, The Goldman Sachs Group cut their price objective on Frontdoor from $46.00 to $40.00 and set a “sell” rating for the company in a research report on Monday, March 3rd.

Frontdoor Trading Down 0.7 %

Shares of Frontdoor stock opened at $53.12 on Friday. Frontdoor, Inc. has a twelve month low of $32.95 and a twelve month high of $63.49. The firm’s 50-day moving average price is $40.88 and its 200 day moving average price is $50.99. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.16. The firm has a market capitalization of $3.91 billion, a PE ratio of 17.59 and a beta of 1.21.

Frontdoor (NASDAQ:FTDR) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.27. Frontdoor had a return on equity of 132.99% and a net margin of 12.87%. The firm had revenue of $426.00 million for the quarter, compared to analyst estimates of $416.37 million. During the same period in the previous year, the company posted $0.44 earnings per share. The business’s revenue was up 12.7% on a year-over-year basis. On average, sell-side analysts predict that Frontdoor, Inc. will post 3.07 EPS for the current fiscal year.

About Frontdoor

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.