Parkside Financial Bank & Trust Has $49,000 Holdings in Frontdoor, Inc. (NASDAQ:FTDR)

Parkside Financial Bank & Trust boosted its stake in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 9,892.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,399 shares of the company’s stock after buying an additional 1,385 shares during the period. Parkside Financial Bank & Trust’s holdings in Frontdoor were worth $49,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Meeder Asset Management Inc. grew its stake in Frontdoor by 5.3% during the 4th quarter. Meeder Asset Management Inc. now owns 7,137 shares of the company’s stock valued at $251,000 after acquiring an additional 359 shares in the last quarter. Arizona State Retirement System grew its stake in Frontdoor by 1.6% during the 3rd quarter. Arizona State Retirement System now owns 23,270 shares of the company’s stock valued at $712,000 after acquiring an additional 373 shares in the last quarter. Meritage Portfolio Management grew its stake in Frontdoor by 5.4% during the 3rd quarter. Meritage Portfolio Management now owns 9,628 shares of the company’s stock valued at $295,000 after acquiring an additional 492 shares in the last quarter. Strs Ohio grew its stake in Frontdoor by 10.6% during the 3rd quarter. Strs Ohio now owns 7,300 shares of the company’s stock valued at $223,000 after acquiring an additional 700 shares in the last quarter. Finally, Handelsbanken Fonder AB grew its stake in Frontdoor by 6.1% during the 4th quarter. Handelsbanken Fonder AB now owns 13,900 shares of the company’s stock valued at $490,000 after acquiring an additional 800 shares in the last quarter.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company lowered their target price on Frontdoor from $40.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $39.40.

Frontdoor Trading Up 1.2 %

Shares of NASDAQ FTDR opened at $31.05 on Friday. The stock has a market cap of $2.42 billion, a price-to-earnings ratio of 14.65 and a beta of 0.89. The business has a 50 day simple moving average of $31.34 and a 200 day simple moving average of $32.71. Frontdoor, Inc. has a 52 week low of $26.09 and a 52 week high of $38.97. The company has a debt-to-equity ratio of 4.24, a quick ratio of 1.10 and a current ratio of 1.10.

Frontdoor (NASDAQ:FTDR) last announced its quarterly earnings results on Wednesday, February 28th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.02 by $0.18. The business had revenue of $366.00 million during the quarter, compared to analysts’ expectations of $360.47 million. Frontdoor had a return on equity of 142.80% and a net margin of 9.66%. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.13 EPS. On average, research analysts predict that Frontdoor, Inc. will post 2.36 earnings per share for the current fiscal year.

About Frontdoor

Frontdoor, Inc provides home warranties in the United States in the United States. Its customizable home warranties help customers protect and maintain their homes from costly and unplanned breakdowns of essential home systems and appliances. The company's home warranty customers subscribe to an annual service plan agreement that covers the repair or replacement of principal components of approximately 20 home systems and appliances, including electrical, plumbing, water heaters, refrigerators, dishwashers, and ranges/ovens/cooktops, as well as electronics, pools, and spas and pumps; and heating, ventilation, and air conditioning systems.