Oppenheimer Asset Management Inc. lifted its holdings in shares of Frontdoor Inc (NASDAQ:FTDR) by 5.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,044 shares of the company’s stock after acquiring an additional 293 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Frontdoor were worth $264,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Artal Group S.A. purchased a new position in Frontdoor during the second quarter worth about $4,355,000. Atria Investments LLC purchased a new position in Frontdoor during the second quarter worth about $108,000. Russell Investments Group Ltd. boosted its holdings in Frontdoor by 55.1% during the second quarter. Russell Investments Group Ltd. now owns 323,073 shares of the company’s stock worth $14,066,000 after purchasing an additional 114,708 shares during the last quarter. Prudential Financial Inc. purchased a new position in Frontdoor during the second quarter worth about $83,645,000. Finally, Allianz Asset Management GmbH boosted its holdings in Frontdoor by 2.3% during the second quarter. Allianz Asset Management GmbH now owns 49,492 shares of the company’s stock worth $2,155,000 after purchasing an additional 1,107 shares during the last quarter. Institutional investors and hedge funds own 94.76% of the company’s stock.

FTDR has been the topic of several analyst reports. Oppenheimer boosted their price target on shares of Frontdoor from $40.00 to $50.00 and gave the stock an “outperform” rating in a report on Thursday, August 8th. Buckingham Research cut shares of Frontdoor from a “buy” rating to a “neutral” rating and set a $49.00 price target on the stock. in a report on Wednesday, July 31st. SunTrust Banks set a $50.00 price target on shares of Frontdoor and gave the stock a “buy” rating in a report on Wednesday, August 7th. Raymond James boosted their target price 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. Finally, Guggenheim boosted their target price on shares of Frontdoor from $43.00 to $55.00 and gave the company a “buy” rating in a research note on Monday, August 19th. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $47.30.

FTDR traded up $0.66 during midday trading on Friday, reaching $51.94. The company had a trading volume of 3,670 shares, compared to its average volume of 517,584. The stock has a market cap of $4.12 billion and a PE ratio of 29.25. Frontdoor Inc has a 12-month low of $20.66 and a 12-month high of $53.29. The business has a 50-day moving average price of $49.10 and a two-hundred day moving average price of $41.08.

Frontdoor (NASDAQ:FTDR) last released its earnings results on Wednesday, August 7th. The company reported $0.73 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.23. The firm had revenue of $388.00 million for the quarter, compared to analysts’ expectations of $387.49 million. Frontdoor had a net margin of 10.57% and a negative return on equity of 44.16%. The company’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.62 earnings per share. Analysts anticipate that Frontdoor Inc will post 1.84 EPS for the current year.

About Frontdoor

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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