Frontdoor Inc. $FTDR Stock Holdings Reduced by State of Alaska Department of Revenue

State of Alaska Department of Revenue cut its holdings in shares of Frontdoor Inc. (NASDAQ:FTDR) by 43.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 15,347 shares of the company’s stock after selling 11,793 shares during the quarter. State of Alaska Department of Revenue’s holdings in Frontdoor were worth $1,122,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in FTDR. BlackRock Inc. bought a new position in shares of Frontdoor during the 2nd quarter valued at $859,552,000. Jupiter Topco LLC purchased a new position in Frontdoor in the 2nd quarter worth $113,873,000. Bank of America Corp DE purchased a new position in Frontdoor in the 2nd quarter worth $46,580,000. Bank of New York Mellon Corp purchased a new position in Frontdoor in the 2nd quarter worth $33,812,000. Finally, Danske Bank A S bought a new stake in shares of Frontdoor in the 2nd quarter valued at about $28,742,000.

Analyst Upgrades and Downgrades

FTDR has been the topic of a number of recent analyst reports. Benchmark raised their price target on shares of Frontdoor from $80.00 to $96.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Oppenheimer raised their price objective on Frontdoor from $70.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. Weiss Ratings lowered shares of Frontdoor from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, October 6th. The Goldman Sachs Group dropped their target price on Frontdoor from $91.00 to $81.00 and set a “neutral” rating on the stock in a report on Monday, October 12th. Finally, Truist Financial boosted their target price on Frontdoor from $82.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Frontdoor presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.40.

Frontdoor Stock Performance

Shares of FTDR stock opened at $80.48 on Wednesday. The company has a market capitalization of $5.54 billion, a price-to-earnings ratio of 21.35 and a beta of 1.53. The company has a debt-to-equity ratio of 3.98, a quick ratio of 1.59 and a current ratio of 1.59. Frontdoor Inc. has a one year low of $48.47 and a one year high of $93.43. The company’s 50-day moving average is $79.76 and its 200 day moving average is $72.22.

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

Frontdoor Profile

Frontdoor, Inc (NASDAQ: FTDR) is a provider of home warranties and related home repair services. The company helps homeowners manage the cost and complexity of maintaining household systems and appliances, including heating and cooling equipment, plumbing, electrical systems, water heaters and major kitchen appliances.

Frontdoor operates primarily through its American Home Shield brand, which offers home service plans and access to a network of professional contractors. The company also provides digital tools and services designed to help homeowners diagnose household problems, request service and connect with qualified professionals.