Frontdoor Inc. $FTDR Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in Frontdoor Inc. (NASDAQ:FTDR) by 4.1% in the second quarter, Holdings Channel.com reports. The institutional investor owned 190,313 shares of the company’s stock after selling 8,150 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Frontdoor were worth $14,766,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in FTDR. Ieq Capital LLC acquired a new stake in Frontdoor during the 2nd quarter worth approximately $1,441,000. California State Teachers Retirement System increased its holdings in shares of Frontdoor by 20.2% in the first quarter. California State Teachers Retirement System now owns 82,866 shares of the company’s stock valued at $4,380,000 after purchasing an additional 13,941 shares during the period. BlackRock Inc. purchased a new stake in shares of Frontdoor during the second quarter worth approximately $859,552,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Frontdoor during the first quarter worth approximately $1,793,000. Finally, Empowered Funds LLC lifted its holdings in shares of Frontdoor by 791.6% during the first quarter. Empowered Funds LLC now owns 359,360 shares of the company’s stock worth $18,996,000 after purchasing an additional 319,053 shares during the period.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on FTDR. The Goldman Sachs Group reiterated a “neutral” rating on shares of Frontdoor in a research report on Friday, August 7th. Benchmark lifted their price objective on Frontdoor from $80.00 to $96.00 and gave the company a “buy” rating in a report on Friday, August 7th. Wolfe Research raised Frontdoor to an “outperform” rating in a research note on Monday, August 24th. Weiss Ratings reissued a “buy (b-)” rating on shares of Frontdoor in a report on Tuesday, August 18th. Finally, Oppenheimer lifted their price target on Frontdoor from $70.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Frontdoor has a consensus rating of “Moderate Buy” and a consensus price target of $92.60.

Frontdoor Stock Down 0.1%

FTDR stock opened at $82.60 on Friday. The company has a market cap of $5.69 billion, a P/E ratio of 21.91 and a beta of 1.50. Frontdoor Inc. has a 52 week low of $48.47 and a 52 week high of $93.43. The company’s 50-day moving average price is $78.93 and its 200 day moving average price is $68.20. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 3.98.

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