Wells Fargo & Company MN increased its holdings in Frontdoor Inc (NASDAQ:FTDR) by 21.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 212,811 shares of the company’s stock after buying an additional 38,237 shares during the period. Wells Fargo & Company MN owned about 0.25% of Frontdoor worth $9,268,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BNP Paribas Arbitrage SA bought a new stake in Frontdoor in the 1st quarter valued at about $163,000. Bank of Montreal Can bought a new stake in shares of Frontdoor during the 1st quarter worth about $355,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Frontdoor during the 1st quarter worth about $135,000. Public Employees Retirement Association of Colorado bought a new stake in shares of Frontdoor during the 1st quarter worth about $357,000. Finally, Rhumbline Advisers bought a new stake in shares of Frontdoor in the 1st quarter worth approximately $2,642,000. 94.76% of the stock is owned by institutional investors and hedge funds.

FTDR traded up $0.59 on Friday, reaching $51.87. 2,724 shares of the company traded hands, compared to its average volume of 517,584. The stock’s 50 day moving average price is $49.10 and its 200-day moving average price is $41.08. Frontdoor Inc has a 52-week low of $20.66 and a 52-week high of $53.29. The company has a market cap of $4.12 billion and a price-to-earnings ratio of 29.25.

Frontdoor (NASDAQ:FTDR) last announced 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 firm had revenue of $388.00 million for the quarter, compared to the consensus estimate of $387.49 million. During the same period in the previous year, the firm posted $0.62 earnings per share. The firm’s revenue was up 9.3% on a year-over-year basis. On average, sell-side analysts anticipate that Frontdoor Inc will post 1.84 earnings per share for the current year.

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

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.

See Also: Balanced Fund

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Institutional Ownership by Quarter for Frontdoor (NASDAQ:FTDR)

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