1,467,368 Shares in Frontdoor Inc. $FTDR Purchased by Jupiter Topco LLC

Jupiter Topco LLC acquired a new stake in Frontdoor Inc. (NASDAQ:FTDR) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,467,368 shares of the company’s stock, valued at approximately $113,873,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Frontdoor during the 2nd quarter worth approximately $859,552,000. Boston Partners increased its position in shares of Frontdoor by 8.5% during the fourth quarter. Boston Partners now owns 5,777,252 shares of the company’s stock worth $333,742,000 after acquiring an additional 454,040 shares during the period. Bank of New York Mellon Corp purchased a new stake in Frontdoor during the 2nd quarter worth about $33,812,000. Danske Bank A S purchased a new stake in shares of Frontdoor during the second quarter worth approximately $28,742,000. Finally, Marshall Wace LLP acquired a new stake in Frontdoor in the third quarter valued at approximately $23,871,000.

Frontdoor Stock Performance

Shares of Frontdoor stock opened at $83.68 on Thursday. The firm has a market capitalization of $5.76 billion, a P/E ratio of 22.20 and a beta of 1.47. Frontdoor Inc. has a 52 week low of $48.47 and a 52 week high of $93.43. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 3.98. The firm’s 50 day moving average is $77.68 and its two-hundred day moving average is $67.04.

Frontdoor (NASDAQ:FTDR) last issued its quarterly earnings data 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 for the quarter, compared to analyst estimates of $643.40 million. Frontdoor had a return on equity of 120.90% and a net margin of 12.72%.The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.63 earnings per share. Research analysts forecast that Frontdoor Inc. will post 4.66 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on FTDR. Truist Financial lifted their price target on shares of Frontdoor from $82.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. The Goldman Sachs Group restated a “neutral” rating on shares of Frontdoor in a report on Friday, August 7th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Frontdoor in a research report on Tuesday, August 18th. Oppenheimer boosted their target price on shares of Frontdoor from $70.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Finally, Benchmark increased their target price on Frontdoor from $80.00 to $96.00 and gave the company a “buy” rating in a report on Friday, August 7th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $92.60.

Frontdoor Company Profile

Frontdoor, Inc (NASDAQ:FTDR) is a leading provider of home service plans and repair solutions for residential property owners. The company offers contract-based coverage that helps homeowners manage the cost of repairing and replacing essential household systems and appliances, including heating and cooling, plumbing, electrical wiring, water heaters, washers, dryers, refrigerators and other major kitchen equipment.

Frontdoor delivers its services through a nationwide network of independent service professionals and contractors, leveraging a cloud-based platform and call center infrastructure to coordinate service visits and process claims.