Frontdoor, Inc. (NASDAQ:FTDR) Shares Purchased by Bridgewater Associates LP

Bridgewater Associates LP increased its stake in Frontdoor, Inc. (NASDAQ:FTDR) by 146.6% in the 3rd quarter, Holdings Channel.com reports. The fund owned 63,721 shares of the company’s stock after acquiring an additional 37,881 shares during the quarter. Bridgewater Associates LP’s holdings in Frontdoor were worth $3,058,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in FTDR. BOKF NA purchased a new stake in shares of Frontdoor during the second quarter worth about $493,000. Harbor Capital Advisors Inc. raised its holdings in shares of Frontdoor by 84.0% during the third quarter. Harbor Capital Advisors Inc. now owns 184,408 shares of the company’s stock valued at $8,850,000 after acquiring an additional 84,167 shares during the last quarter. Natixis Advisors LLC purchased a new position in shares of Frontdoor in the second quarter valued at approximately $513,000. Meeder Asset Management Inc. boosted its stake in shares of Frontdoor by 362.8% in the third quarter. Meeder Asset Management Inc. now owns 24,590 shares of the company’s stock worth $1,180,000 after acquiring an additional 19,277 shares during the last quarter. Finally, Swedbank AB boosted its stake in shares of Frontdoor by 112.7% in the second quarter. Swedbank AB now owns 1,210,600 shares of the company’s stock worth $40,906,000 after acquiring an additional 641,476 shares during the last quarter.

Analyst Ratings Changes

A number of brokerages have weighed in on FTDR. The Goldman Sachs Group raised their price objective on Frontdoor from $41.00 to $46.00 and gave the company a “sell” rating in a report on Tuesday, November 5th. Truist Financial increased their target price on shares of Frontdoor from $56.00 to $58.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Frontdoor from $45.00 to $55.00 and gave the stock an “overweight” rating in a research report on Monday, August 12th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $49.50.

Frontdoor Stock Up 0.7 %

Shares of NASDAQ:FTDR opened at $58.60 on Friday. Frontdoor, Inc. has a 52-week low of $29.41 and a 52-week high of $60.42. The stock has a market cap of $4.44 billion, a P/E ratio of 19.40 and a beta of 1.03. The business has a fifty day moving average of $52.31 and a two-hundred day moving average of $44.36. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.16.

Frontdoor (NASDAQ:FTDR) last announced its quarterly earnings data on Monday, November 4th. The company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.33. Frontdoor had a net margin of 12.87% and a return on equity of 132.99%. The firm had revenue of $540.00 million during the quarter, compared to analyst estimates of $541.88 million. During the same quarter in the prior year, the firm posted $0.94 earnings per share. Frontdoor’s quarterly revenue was up 3.1% on a year-over-year basis. On average, research analysts expect that Frontdoor, Inc. will post 3.14 earnings per share for the current 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.