Swiss National Bank Sells 2,200 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

Swiss National Bank trimmed its stake in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 1.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 152,003 shares of the company’s stock after selling 2,200 shares during the quarter. Swiss National Bank owned approximately 0.20% of Frontdoor worth $7,295,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Exchange Traded Concepts LLC bought a new stake in shares of Frontdoor in the 3rd quarter worth approximately $27,000. GAMMA Investing LLC grew its position in shares of Frontdoor by 90.7% in the 2nd quarter. GAMMA Investing LLC now owns 879 shares of the company’s stock worth $30,000 after buying an additional 418 shares during the last quarter. V Square Quantitative Management LLC bought a new stake in shares of Frontdoor in the 3rd quarter worth approximately $31,000. Isthmus Partners LLC grew its position in shares of Frontdoor by 0.5% in the 2nd quarter. Isthmus Partners LLC now owns 110,249 shares of the company’s stock worth $37,000 after buying an additional 603 shares during the last quarter. Finally, Quarry LP grew its position in shares of Frontdoor by 468.1% in the 2nd quarter. Quarry LP now owns 1,085 shares of the company’s stock worth $37,000 after buying an additional 894 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Truist Financial lifted their price objective on Frontdoor from $56.00 to $58.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. William Blair upgraded Frontdoor from a “market perform” rating to an “outperform” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. lifted their price objective on Frontdoor from $45.00 to $55.00 and gave the stock an “overweight” rating in a research report on Monday, August 12th. Finally, The Goldman Sachs Group raised their target price on Frontdoor from $41.00 to $46.00 and gave the company a “sell” rating in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $49.50.

Frontdoor Trading Up 1.8 %

FTDR opened at $59.54 on Tuesday. The stock has a market cap of $4.51 billion, a PE ratio of 19.72 and a beta of 1.03. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.16. The business has a 50 day moving average of $51.31 and a 200-day moving average of $43.68. Frontdoor, Inc. has a 52 week low of $29.41 and a 52 week high of $60.42.

Frontdoor (NASDAQ:FTDR) last released its earnings results on Monday, November 4th. The company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.33. The company had revenue of $540.00 million during the quarter, compared to analysts’ expectations of $541.88 million. Frontdoor had a return on equity of 132.99% and a net margin of 12.87%. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.94 EPS. Equities research analysts predict that Frontdoor, Inc. will post 3.14 earnings per share for the current fiscal year.

Frontdoor 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.