Charles Schwab Investment Management Inc. Sells 16,451 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

Charles Schwab Investment Management Inc. reduced its stake in Frontdoor, Inc. (NASDAQ:FTDR) by 1.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,014,432 shares of the company’s stock after selling 16,451 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Frontdoor were worth $48,683,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Blackhawk Capital Partners LLC. bought a new stake in Frontdoor during the 3rd quarter worth approximately $1,188,000. Intech Investment Management LLC grew its position in shares of Frontdoor by 157.6% during the 3rd quarter. Intech Investment Management LLC now owns 21,697 shares of the company’s stock valued at $1,041,000 after purchasing an additional 13,275 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in shares of Frontdoor by 8.0% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 448,572 shares of the company’s stock worth $21,527,000 after purchasing an additional 33,380 shares during the period. First Horizon Advisors Inc. raised its position in shares of Frontdoor by 1,052.2% in the third quarter. First Horizon Advisors Inc. now owns 3,203 shares of the company’s stock worth $154,000 after buying an additional 2,925 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in Frontdoor by 10.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 174,685 shares of the company’s stock worth $8,383,000 after buying an additional 17,166 shares in the last quarter.

Frontdoor Stock Performance

Shares of NASDAQ FTDR opened at $58.60 on Monday. The stock’s 50-day moving average is $52.31 and its 200 day moving average is $44.41. The stock has a market cap of $4.44 billion, a price-to-earnings ratio of 19.40 and a beta of 1.03. Frontdoor, Inc. has a 1-year low of $29.41 and a 1-year high of $60.42. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.16.

Frontdoor (NASDAQ:FTDR) last posted its quarterly earnings results on Monday, November 4th. The company reported $1.38 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $541.88 million. During the same period last year, the firm posted $0.94 earnings per share. The business’s revenue was up 3.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Frontdoor, Inc. will post 3.14 EPS for the current fiscal year.

Wall Street Analyst Weigh In

FTDR has been the subject of a number of research analyst reports. The Goldman Sachs Group lifted their price target on Frontdoor from $41.00 to $46.00 and gave the company a “sell” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. lifted their target price 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. Finally, Truist Financial increased 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 given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Frontdoor currently has an average rating of “Hold” and a consensus target price of $49.50.

Frontdoor Company Profile

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.