Frontdoor, Inc. (NASDAQ:FTDR) Shares Acquired by Meeder Asset Management Inc.

Meeder Asset Management Inc. increased its holdings in Frontdoor, Inc. (NASDAQ:FTDR) by 5.3% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 7,137 shares of the company’s stock after acquiring an additional 359 shares during the period. Meeder Asset Management Inc.’s holdings in Frontdoor were worth $251,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. State Street Corp lifted its holdings in Frontdoor by 110.0% during the 2nd quarter. State Street Corp now owns 2,943,484 shares of the company’s stock worth $70,879,000 after buying an additional 1,541,616 shares in the last quarter. Morgan Stanley grew its stake in Frontdoor by 191.3% during the 4th quarter. Morgan Stanley now owns 2,142,677 shares of the company’s stock worth $44,568,000 after purchasing an additional 1,407,001 shares in the last quarter. Vanguard Group Inc. increased its holdings in Frontdoor by 15.5% during the 3rd quarter. Vanguard Group Inc. now owns 8,758,236 shares of the company’s stock worth $178,581,000 after purchasing an additional 1,172,788 shares during the period. Hudson Bay Capital Management LP purchased a new position in shares of Frontdoor in the 1st quarter valued at about $27,880,000. Finally, BlackRock Inc. grew its position in shares of Frontdoor by 5.9% during the second quarter. BlackRock Inc. now owns 13,891,766 shares of the company’s stock worth $443,147,000 after buying an additional 769,145 shares in the last quarter.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company cut their price objective on shares of Frontdoor from $40.00 to $36.00 and set an “equal weight” rating on the stock in a report on Friday, March 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $39.40.

Frontdoor Stock Up 0.6 %

Shares of NASDAQ FTDR opened at $30.93 on Tuesday. The business has a 50-day moving average price of $31.99 and a 200 day moving average price of $32.72. The stock has a market cap of $2.41 billion, a PE ratio of 14.59 and a beta of 0.89. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 4.24. Frontdoor, Inc. has a 52-week low of $26.09 and a 52-week high of $38.97.

Frontdoor (NASDAQ:FTDR) last announced its earnings results on Wednesday, February 28th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.18. Frontdoor had a net margin of 9.66% and a return on equity of 142.80%. The business had revenue of $366.00 million for the quarter, compared to analyst estimates of $360.47 million. During the same period last year, the firm posted $0.13 earnings per share. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. Equities research analysts forecast that Frontdoor, Inc. will post 2.35 earnings per share for the current year.

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.