Millennium Management LLC lowered its holdings in Frontdoor Inc (NASDAQ:FTDR) by 56.3% in the third quarter, HoldingsChannel reports. The firm owned 446,343 shares of the company’s stock after selling 575,823 shares during the period. Millennium Management LLC’s holdings in Frontdoor were worth $21,678,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of FTDR. Vanguard Group Inc. increased its holdings in Frontdoor by 5.7% during the 2nd quarter. Vanguard Group Inc. now owns 7,801,775 shares of the company’s stock worth $339,767,000 after purchasing an additional 421,097 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of Frontdoor by 3.0% during the second quarter. Janus Henderson Group PLC now owns 6,297,086 shares of the company’s stock worth $274,238,000 after buying an additional 182,818 shares in the last quarter. BlackRock Inc. grew its position in shares of Frontdoor by 16.0% during the second quarter. BlackRock Inc. now owns 3,847,270 shares of the company’s stock worth $167,549,000 after buying an additional 531,642 shares in the last quarter. Longview Partners Guernsey LTD increased its stake in shares of Frontdoor by 9.7% in the second quarter. Longview Partners Guernsey LTD now owns 3,383,596 shares of the company’s stock worth $147,356,000 after buying an additional 299,316 shares during the last quarter. Finally, Prudential Financial Inc. bought a new stake in shares of Frontdoor in the second quarter worth $83,645,000.

FTDR stock opened at $44.58 on Tuesday. The firm has a market cap of $3.83 billion, a price-to-earnings ratio of 25.19, a PEG ratio of 1.60 and a beta of -0.68. Frontdoor Inc has a 1-year low of $21.62 and a 1-year high of $53.29. The firm has a fifty day moving average price of $46.64 and a two-hundred day moving average price of $46.42.

Frontdoor (NASDAQ:FTDR) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.07. Frontdoor had a net margin of 11.23% and a negative return on equity of 54.13%. The company had revenue of $407.00 million for the quarter, compared to the consensus estimate of $411.14 million. During the same period last year, the firm posted $0.49 EPS. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. As a group, equities research analysts predict that Frontdoor Inc will post 1.83 earnings per share for the current fiscal year.

A number of research analysts have commented on FTDR shares. Guggenheim increased their price objective 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. Zacks Investment Research downgraded shares of Frontdoor from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. ValuEngine lowered shares of Frontdoor from a “hold” rating to a “sell” rating in a research note on Tuesday. Oppenheimer lifted their price target on Frontdoor from $40.00 to $50.00 and gave the stock an “outperform” rating in a research note on Thursday, August 8th. Finally, Wells Fargo & Co lowered Frontdoor from an “outperform” rating to a “market perform” rating and boosted their price objective for the company from $50.00 to $55.00 in a report on Thursday, September 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $47.16.

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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