33,911 Shares in Frontdoor Inc. $FTDR Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new stake in shares of Frontdoor Inc. (NASDAQ:FTDR) in the 1st quarter, Holdings Channel reports. The institutional investor acquired 33,911 shares of the company’s stock, valued at approximately $1,793,000.

Several other large investors also recently added to or reduced their stakes in FTDR. Park Avenue Securities LLC increased its stake in Frontdoor by 4.0% in the 4th quarter. Park Avenue Securities LLC now owns 5,107 shares of the company’s stock worth $295,000 after acquiring an additional 198 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Frontdoor by 11.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,065 shares of the company’s stock valued at $119,000 after acquiring an additional 217 shares in the last quarter. Optivise Advisory Services LLC boosted its position in shares of Frontdoor by 6.9% during the 4th quarter. Optivise Advisory Services LLC now owns 3,641 shares of the company’s stock valued at $210,000 after acquiring an additional 235 shares during the last quarter. ProShare Advisors LLC boosted its position in shares of Frontdoor by 1.7% during the 4th quarter. ProShare Advisors LLC now owns 14,232 shares of the company’s stock valued at $821,000 after acquiring an additional 236 shares during the last quarter. Finally, Snowden Capital Advisors LLC grew its holdings in shares of Frontdoor by 4.1% during the second quarter. Snowden Capital Advisors LLC now owns 6,407 shares of the company’s stock worth $378,000 after purchasing an additional 250 shares in the last quarter.

Wall Street Analyst Weigh In

FTDR has been the topic of several research analyst reports. Weiss Ratings cut shares of Frontdoor from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 21st. Benchmark initiated coverage on shares of Frontdoor in a research report on Thursday, March 26th. They set a “buy” rating and a $80.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Frontdoor currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.00.

Frontdoor Price Performance

FTDR opened at $76.17 on Friday. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 4.95. The stock has a market capitalization of $5.35 billion, a P/E ratio of 21.83 and a beta of 1.46. The stock has a 50-day moving average price of $67.75 and a 200-day moving average price of $62.27. Frontdoor Inc. has a 12-month low of $48.47 and a 12-month high of $80.73.

Frontdoor (NASDAQ:FTDR) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.07. The company had revenue of $451.00 million for the quarter, compared to analysts’ expectations of $442.28 million. Frontdoor had a return on equity of 118.62% and a net margin of 12.22%.Frontdoor’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period last year, the firm posted $0.64 EPS. Equities analysts predict that Frontdoor Inc. will post 4.48 earnings per share for the current fiscal year.

Frontdoor 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.