Citigroup Inc. Raises Holdings in Frontdoor, Inc. (NASDAQ:FTDR)

Citigroup Inc. boosted its position in Frontdoor, Inc. (NASDAQ:FTDR) by 3.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 136,826 shares of the company’s stock after purchasing an additional 4,369 shares during the quarter. Citigroup Inc.’s holdings in Frontdoor were worth $6,566,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its stake in Frontdoor by 5.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 64,153 shares of the company’s stock worth $2,091,000 after purchasing an additional 3,183 shares in the last quarter. Tidal Investments LLC increased its holdings in shares of Frontdoor by 2.2% in the first quarter. Tidal Investments LLC now owns 15,740 shares of the company’s stock valued at $513,000 after purchasing an additional 344 shares during the last quarter. GAMMA Investing LLC lifted its position in Frontdoor by 90.7% during the second quarter. GAMMA Investing LLC now owns 879 shares of the company’s stock worth $30,000 after buying an additional 418 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in Frontdoor by 276.1% during the second quarter. Harbor Capital Advisors Inc. now owns 100,241 shares of the company’s stock worth $3,387,000 after buying an additional 73,590 shares during the last quarter. Finally, Diversified Trust Co purchased a new stake in Frontdoor in the 2nd quarter valued at $400,000.

Frontdoor Stock Up 0.7 %

Shares of FTDR opened at $58.60 on Friday. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.16. The firm has a market cap of $4.44 billion, a P/E ratio of 19.40 and a beta of 1.03. The company’s 50-day moving average price is $52.31 and its 200 day moving average price is $44.36. Frontdoor, Inc. has a 12-month low of $29.41 and a 12-month high of $60.42.

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

Analysts Set New Price Targets

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

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.