Point72 Asset Management L.P. Purchases Shares of 158,096 Frontdoor Inc (NASDAQ:FTDR)

Point72 Asset Management L.P. purchased a new stake in Frontdoor Inc (NASDAQ:FTDR) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 158,096 shares of the company’s stock, valued at approximately $6,885,000.

Other large investors have also recently made changes to their positions in the company. Synovus Financial Corp acquired a new stake in shares of Frontdoor in the first quarter valued at approximately $29,000. Quantamental Technologies LLC acquired a new stake in shares of Frontdoor in the second quarter valued at approximately $74,000. Aperio Group LLC acquired a new stake in shares of Frontdoor in the second quarter valued at approximately $78,000. US Bancorp DE increased its stake in shares of Frontdoor by 137.5% in the second quarter. US Bancorp DE now owns 1,957 shares of the company’s stock valued at $85,000 after purchasing an additional 1,133 shares during the period. Finally, Huntington National Bank acquired a new stake in shares of Frontdoor in the second quarter valued at approximately $99,000. Institutional investors own 94.78% of the company’s stock.

Shares of NASDAQ FTDR traded up $0.16 during mid-day trading on Tuesday, reaching $51.70. 12,656 shares of the company traded hands, compared to its average volume of 443,642. Frontdoor Inc has a fifty-two week low of $20.66 and a fifty-two week high of $53.29. The firm has a market cap of $4.41 billion and a PE ratio of 29.21. The stock has a fifty day simple moving average of $50.37 and a 200-day simple moving average of $42.15.



Frontdoor (NASDAQ:FTDR) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.73 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.23. Frontdoor had a net margin of 10.57% and a negative return on equity of 44.16%. The business had revenue of $388.00 million for the quarter, compared to analyst estimates of $387.49 million. During the same quarter last year, the business earned $0.62 earnings per share. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. As a group, sell-side analysts predict that Frontdoor Inc will post 1.84 EPS for the current fiscal year.

Several equities research analysts have commented on the stock. Raymond James raised their price target on shares of Frontdoor from $45.00 to $48.00 and gave the company an “outperform” rating in a research note on Wednesday, June 26th. Buckingham Research lowered shares of Frontdoor from a “buy” rating to a “neutral” rating and set a $49.00 price target on the stock. in a research note on Wednesday, July 31st. Oppenheimer raised their price target on shares of Frontdoor from $40.00 to $50.00 and gave the company an “outperform” rating in a research note on Thursday, August 8th. SunTrust Banks set a $50.00 price target on shares of Frontdoor and gave the company a “buy” rating in a research note on Wednesday, August 7th. Finally, Zacks Investment Research upgraded shares of Frontdoor from a “hold” rating to a “strong-buy” rating and set a $58.00 price objective on the stock in a research note on Saturday, August 10th. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $47.30.

Frontdoor Profile

frontdoor, inc. provides home service plans in the United States. The company's home service plans cover the repair or replacement of components of up to 21 household systems and appliances, including electrical, plumbing, water heaters, refrigerators, dishwashers, and ranges/ovens/cooktops, as well as central heating, ventilation and air conditioning systems.

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Institutional Ownership by Quarter for Frontdoor (NASDAQ:FTDR)

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