Frontdoor Inc. $FTDR Stock: Motley Fool Asset Management LLC Lowers Position

Motley Fool Asset Management LLC reduced its position in shares of Frontdoor Inc. (NASDAQ:FTDR) by 50.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,945 shares of the company’s stock after selling 16,212 shares during the period. Motley Fool Asset Management LLC’s holdings in Frontdoor were worth $1,166,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Oppenheimer & Co. Inc. purchased a new stake in Frontdoor in the 3rd quarter valued at about $2,022,000. Westover Capital Advisors LLC lifted its position in shares of Frontdoor by 28.7% during the 3rd quarter. Westover Capital Advisors LLC now owns 52,499 shares of the company’s stock worth $3,839,000 after buying an additional 11,704 shares in the last quarter. Pullen Investment Management LLC boosted its stake in shares of Frontdoor by 0.6% in the 3rd quarter. Pullen Investment Management LLC now owns 48,078 shares of the company’s stock worth $3,515,000 after buying an additional 283 shares during the last quarter. Fifth Third Wealth Advisors LLC boosted its stake in shares of Frontdoor by 146.4% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 7,462 shares of the company’s stock worth $546,000 after buying an additional 4,433 shares during the last quarter. Finally, Sterling Capital Management LLC boosted its stake in shares of Frontdoor by 838.1% in the 3rd quarter. Sterling Capital Management LLC now owns 2,364 shares of the company’s stock worth $173,000 after buying an additional 2,112 shares during the last quarter.

Frontdoor Stock Up 3.7%

FTDR opened at $87.35 on Friday. Frontdoor Inc. has a twelve month low of $48.47 and a twelve month high of $93.43. The company’s 50-day moving average price is $79.82 and its two-hundred day moving average price is $69.19. The stock has a market cap of $6.02 billion, a price-to-earnings ratio of 23.17 and a beta of 1.53. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 3.98.

Frontdoor (NASDAQ:FTDR) last issued its quarterly earnings results on Thursday, August 6th. The company reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.17. The company had revenue of $645.00 million during the quarter, compared to analyst estimates of $643.40 million. Frontdoor had a net margin of 12.72% and a return on equity of 120.90%. Frontdoor’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.63 EPS. As a group, equities analysts expect that Frontdoor Inc. will post 4.67 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on FTDR shares. Wolfe Research raised Frontdoor to an “outperform” rating in a research report on Monday, August 24th. The Goldman Sachs Group cut their price objective on Frontdoor from $91.00 to $81.00 and set a “neutral” rating on the stock in a research report on Monday, October 12th. Benchmark boosted their price objective on Frontdoor from $80.00 to $96.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Truist Financial upped their price objective on Frontdoor from $82.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Finally, Oppenheimer raised their target price on Frontdoor from $70.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.40.

About Frontdoor

Frontdoor, Inc (NASDAQ: FTDR) is a provider of home warranties and related home repair services. The company helps homeowners manage the cost and complexity of maintaining household systems and appliances, including heating and cooling equipment, plumbing, electrical systems, water heaters and major kitchen appliances.

Frontdoor operates primarily through its American Home Shield brand, which offers home service plans and access to a network of professional contractors. The company also provides digital tools and services designed to help homeowners diagnose household problems, request service and connect with qualified professionals.