18,568 Shares in Frontdoor Inc. $FTDR Bought by Ieq Capital LLC

Ieq Capital LLC bought a new position in Frontdoor Inc. (NASDAQ:FTDR) in the second quarter, Holdings Channel.com reports. The institutional investor bought 18,568 shares of the company’s stock, valued at approximately $1,441,000.

Several other hedge funds have also modified their holdings of the company. BlackRock Inc. purchased a new stake in Frontdoor during the second quarter valued at 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 purchasing an additional 454,040 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Frontdoor by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 1,887,029 shares of the company’s stock valued at $108,879,000 after purchasing an additional 27,237 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Frontdoor by 1.3% in the 1st quarter. Renaissance Technologies LLC now owns 1,849,787 shares of the company’s stock worth $97,780,000 after purchasing an additional 23,800 shares in the last quarter. Finally, Reinhart Partners LLC. boosted its position in shares of Frontdoor by 4.0% in the 2nd quarter. Reinhart Partners LLC. now owns 1,684,065 shares of the company’s stock worth $130,668,000 after purchasing an additional 64,561 shares in the last quarter.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on FTDR. Truist Financial upped their target price on Frontdoor from $82.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Benchmark boosted their price target on Frontdoor from $80.00 to $96.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Oppenheimer upped their price objective on shares of Frontdoor from $70.00 to $100.00 and gave the company an “outperform” rating in a report on Friday, August 7th. JPMorgan Chase & Co. initiated coverage on shares of Frontdoor in a research report on Monday. They issued a “neutral” rating and a $95.00 price objective for the company. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Frontdoor in a research report on Tuesday, August 18th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $92.60.

Frontdoor Stock Up 0.2%

Shares of FTDR stock opened at $83.68 on Thursday. Frontdoor Inc. has a fifty-two week low of $48.47 and a fifty-two week high of $93.43. The firm has a market capitalization of $5.76 billion, a PE ratio of 22.20 and a beta of 1.47. The company has a debt-to-equity ratio of 3.98, a quick ratio of 1.59 and a current ratio of 1.59. The stock’s 50-day simple moving average is $77.68 and its 200-day simple moving average is $67.04.

Frontdoor (NASDAQ:FTDR) last released its earnings results on Thursday, August 6th. The company reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.17. The firm had revenue of $645.00 million during the quarter, compared to the consensus estimate of $643.40 million. Frontdoor had a return on equity of 120.90% and a net margin of 12.72%.The company’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.63 earnings per share. Equities analysts expect that Frontdoor Inc. will post 4.66 earnings per share for the current year.

About Frontdoor

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.