D. E. Shaw & Co. Inc. Has $255,000 Holdings in Frontdoor Inc (NASDAQ:FTDR)

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D. E. Shaw & Co. Inc. lessened its holdings in Frontdoor Inc (NASDAQ:FTDR) by 93.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,865 shares of the company’s stock after selling 79,250 shares during the period. D. E. Shaw & Co. Inc.’s holdings in Frontdoor were worth $255,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. raised its holdings in shares of Frontdoor by 16.0% in the 2nd quarter. BlackRock Inc. now owns 3,847,270 shares of the company’s stock worth $167,549,000 after acquiring an additional 531,642 shares during the last quarter. Teacher Retirement System of Texas raised its holdings in shares of Frontdoor by 3.2% in the 2nd quarter. Teacher Retirement System of Texas now owns 673,709 shares of the company’s stock worth $29,340,000 after acquiring an additional 20,900 shares during the last quarter. Riverhead Capital Management LLC acquired a new stake in shares of Frontdoor in the 2nd quarter worth about $324,000. JPMorgan Chase & Co. raised its holdings in shares of Frontdoor by 65.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 71,345 shares of the company’s stock worth $3,092,000 after acquiring an additional 28,203 shares during the last quarter. Finally, Leith Wheeler Investment Counsel Ltd. acquired a new stake in shares of Frontdoor in the 2nd quarter worth about $1,431,000. Institutional investors own 94.78% of the company’s stock.

NASDAQ:FTDR opened at $51.17 on Friday. The firm has a market cap of $4.32 billion and a price-to-earnings ratio of 28.04. Frontdoor Inc has a 52 week low of $20.66 and a 52 week high of $53.29. The firm has a 50-day moving average price of $50.58 and a two-hundred day moving average price of $43.43.

Frontdoor (NASDAQ:FTDR) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.73 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.23. The firm had revenue of $388.00 million during the quarter, compared to analyst estimates of $387.49 million. Frontdoor had a net margin of 10.57% and a negative return on equity of 44.16%. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter last year, the business posted $0.62 EPS. Analysts expect that Frontdoor Inc will post 1.84 earnings per share for the current year.

A number of equities research analysts recently weighed in on FTDR shares. Zacks Investment Research upgraded shares of Frontdoor from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a report on Friday. Wells Fargo & Co lowered shares of Frontdoor from an “outperform” rating to a “market perform” rating and upped their target price for the stock from $50.00 to $55.00 in a report on Thursday, September 26th. Guggenheim upped their target price on shares of Frontdoor from $43.00 to $55.00 and gave the stock a “buy” rating in a report on Monday, August 19th. SunTrust Banks set a $50.00 target price on shares of Frontdoor and gave the stock a “buy” rating in a report on Wednesday, August 7th. Finally, Oppenheimer upped their target price on shares of Frontdoor from $40.00 to $50.00 and gave the stock an “outperform” rating in a report on Thursday, August 8th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $47.24.

About Frontdoor

frontdoor, inc. provides home service plans in the United States. The company's home service plans cover the repair or replacement of components of up to 21 household systems and appliances, including electrical, plumbing, water heaters, refrigerators, dishwashers, and ranges/ovens/cooktops, as well as central heating, ventilation and air conditioning systems.

See Also: Fiduciary

Institutional Ownership by Quarter for Frontdoor (NASDAQ:FTDR)

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