Skandinaviska Enskilda Banken AB publ Lowers Stake in Frontdoor Inc. $FTDR

Skandinaviska Enskilda Banken AB publ cut its position in shares of Frontdoor Inc. (NASDAQ:FTDR) by 50.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 125,600 shares of the company’s stock after selling 129,000 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Frontdoor were worth $7,403,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Ethic Inc. acquired a new stake in Frontdoor in the 2nd quarter valued at $222,000. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Frontdoor in the second quarter worth about $348,000. RiverGlades Family Offices LLC acquired a new stake in shares of Frontdoor in the second quarter valued at about $236,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Frontdoor in the second quarter valued at about $247,000. Finally, Creative Planning raised its holdings in shares of Frontdoor by 53.4% during the 2nd quarter. Creative Planning now owns 35,806 shares of the company’s stock valued at $2,110,000 after buying an additional 12,457 shares during the period.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on FTDR shares. Oppenheimer upped their price target on Frontdoor from $56.00 to $63.00 and gave the stock an “outperform” rating in a report on Wednesday, August 6th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Frontdoor in a report on Tuesday, November 25th. Wall Street Zen lowered shares of Frontdoor from a “buy” rating to a “hold” rating in a report on Monday, November 24th. 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 research report on Wednesday, August 6th. Finally, The Goldman Sachs Group lifted their target price on Frontdoor from $44.00 to $50.00 and gave the stock a “sell” rating in a research report on Wednesday, August 6th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Frontdoor has an average rating of “Hold” and a consensus target price of $59.75.

Frontdoor Trading Up 0.2%

NASDAQ FTDR opened at $53.93 on Monday. The company has a market capitalization of $3.89 billion, a price-to-earnings ratio of 15.36 and a beta of 1.32. The company has a debt-to-equity ratio of 3.64, a current ratio of 1.73 and a quick ratio of 1.73. Frontdoor Inc. has a 12 month low of $35.61 and a 12 month high of $70.14. The company’s fifty day moving average price is $61.33 and its two-hundred day moving average price is $59.69.

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