Frontdoor Inc. $FTDR Shares Bought by Swedbank AB

Swedbank AB raised its stake in Frontdoor Inc. (NASDAQ:FTDR) by 6.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,283,600 shares of the company’s stock after acquiring an additional 73,000 shares during the quarter. Swedbank AB owned approximately 1.78% of Frontdoor worth $74,051,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of FTDR. Marshall Wace LLP acquired a new position in Frontdoor in the third quarter valued at approximately $23,871,000. Cubist Systematic Strategies LLC lifted its holdings in Frontdoor by 309.6% in the second quarter. Cubist Systematic Strategies LLC now owns 431,446 shares of the company’s stock valued at $25,429,000 after acquiring an additional 326,112 shares during the period. Millennium Management LLC lifted its holdings in Frontdoor by 533.0% in the first quarter. Millennium Management LLC now owns 307,497 shares of the company’s stock valued at $11,814,000 after acquiring an additional 258,920 shares during the period. Jane Street Group LLC lifted its holdings in Frontdoor by 149.7% in the second quarter. Jane Street Group LLC now owns 360,228 shares of the company’s stock valued at $21,232,000 after acquiring an additional 215,982 shares during the period. Finally, Squarepoint Ops LLC lifted its holdings in Frontdoor by 936.9% in the second quarter. Squarepoint Ops LLC now owns 163,980 shares of the company’s stock valued at $9,665,000 after acquiring an additional 148,166 shares during the period.

Frontdoor Trading Down 0.3%

Shares of FTDR stock opened at $61.30 on Friday. The company has a debt-to-equity ratio of 4.95, a current ratio of 1.47 and a quick ratio of 1.47. The company has a market cap of $4.31 billion, a price-to-earnings ratio of 17.56 and a beta of 1.55. The stock has a 50 day simple moving average of $60.29 and a 200-day simple moving average of $58.38. Frontdoor Inc. has a 1-year low of $48.47 and a 1-year high of $70.77.

Frontdoor (NASDAQ:FTDR) last announced its earnings results on Thursday, April 30th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.07. Frontdoor had a return on equity of 118.62% and a net margin of 12.22%.The business had revenue of $451.00 million during the quarter, compared to the consensus estimate of $442.28 million. During the same period in the prior year, the company posted $0.64 EPS. The business’s quarterly revenue was up 5.9% on a year-over-year basis. On average, equities research analysts expect that Frontdoor Inc. will post 4.48 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on FTDR. Weiss Ratings downgraded Frontdoor from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday. Benchmark assumed coverage on Frontdoor in a research note on Thursday, March 26th. They set a “buy” rating and a $80.00 target price for the company. Truist Financial set a $71.00 target price on Frontdoor in a research note on Monday, January 26th. Oppenheimer reaffirmed an “outperform” rating and set a $70.00 target price on shares of Frontdoor in a research note on Thursday, February 26th. Finally, Wall Street Zen downgraded Frontdoor from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $68.60.

Frontdoor Company 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.