Frontdoor, Inc. (NASDAQ:FTDR) Shares Acquired by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 13.0% during the first quarter, Holdings Channel.com reports. The institutional investor owned 409,722 shares of the company’s stock after buying an additional 47,011 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Frontdoor were worth $13,349,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in FTDR. Nordea Investment Management AB grew its stake in Frontdoor by 25.2% during the 1st quarter. Nordea Investment Management AB now owns 295,885 shares of the company’s stock valued at $9,631,000 after purchasing an additional 59,572 shares during the last quarter. Boston Partners lifted its holdings in shares of Frontdoor by 19.7% during the fourth quarter. Boston Partners now owns 5,692,326 shares of the company’s stock worth $200,186,000 after purchasing an additional 938,541 shares during the period. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Frontdoor in the fourth quarter valued at approximately $2,546,000. Reinhart Partners LLC. increased its holdings in Frontdoor by 11.0% in the 4th quarter. Reinhart Partners LLC. now owns 1,984,123 shares of the company’s stock worth $69,881,000 after buying an additional 197,019 shares during the period. Finally, Allianz Asset Management GmbH raised its position in Frontdoor by 775.6% during the 4th quarter. Allianz Asset Management GmbH now owns 270,189 shares of the company’s stock worth $9,516,000 after buying an additional 239,333 shares during the last quarter.

Frontdoor Stock Performance

FTDR stock traded up $0.10 during trading on Thursday, hitting $37.70. 76,241 shares of the company traded hands, compared to its average volume of 725,092. Frontdoor, Inc. has a 1 year low of $28.25 and a 1 year high of $38.97. The company has a market cap of $2.93 billion, a PE ratio of 16.77 and a beta of 1.00. The stock’s 50-day simple moving average is $35.25 and its 200 day simple moving average is $33.26. The company has a debt-to-equity ratio of 3.54, a current ratio of 1.14 and a quick ratio of 1.14.

Frontdoor (NASDAQ:FTDR) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.23. Frontdoor had a net margin of 10.27% and a return on equity of 132.00%. The business had revenue of $378.00 million for the quarter, compared to analysts’ expectations of $376.36 million. On average, equities analysts expect that Frontdoor, Inc. will post 2.52 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Wells Fargo & Company upped their price objective on shares of Frontdoor from $36.00 to $39.00 and gave the company an “equal weight” rating in a report on Monday, May 6th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $40.00.

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.