Algert Global LLC Has $16.21 Million Holdings in Frontdoor, Inc. (NASDAQ:FTDR)

Algert Global LLC trimmed its holdings in Frontdoor, Inc. (NASDAQ:FTDR) by 1.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 337,832 shares of the company’s stock after selling 5,719 shares during the period. Frontdoor comprises about 0.4% of Algert Global LLC’s investment portfolio, making the stock its 12th largest holding. Algert Global LLC’s holdings in Frontdoor were worth $16,213,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. BOKF NA acquired a new position in shares of Frontdoor in the 2nd quarter valued at approximately $493,000. Harbor Capital Advisors Inc. boosted its holdings in shares of Frontdoor by 84.0% in the third quarter. Harbor Capital Advisors Inc. now owns 184,408 shares of the company’s stock valued at $8,850,000 after buying an additional 84,167 shares during the period. Swedbank AB bought a new stake in shares of Frontdoor during the first quarter worth $18,542,000. CANADA LIFE ASSURANCE Co raised its holdings in shares of Frontdoor by 22.7% during the first quarter. CANADA LIFE ASSURANCE Co now owns 125,556 shares of the company’s stock worth $4,092,000 after acquiring an additional 23,194 shares during the period. Finally, Natixis Advisors LLC bought a new stake in Frontdoor in the 2nd quarter valued at $513,000.

Analysts Set New Price Targets

FTDR has been the subject of a number of research reports. The Goldman Sachs Group increased their target price on Frontdoor from $41.00 to $46.00 and gave the stock a “sell” rating in a report on Tuesday, November 5th. Truist Financial lifted their target price on Frontdoor from $56.00 to $58.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. upped their price target on Frontdoor from $45.00 to $55.00 and gave the stock an “overweight” rating in a research report on Monday, August 12th. Finally, William Blair raised shares of Frontdoor from a “market perform” rating to an “outperform” rating in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $49.50.

Frontdoor Price Performance

Shares of NASDAQ FTDR opened at $58.46 on Friday. The business has a 50-day moving average of $51.09 and a 200-day moving average of $43.42. Frontdoor, Inc. has a fifty-two week low of $29.41 and a fifty-two week high of $59.01. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.42 and a quick ratio of 1.42. The stock has a market capitalization of $4.43 billion, a price-to-earnings ratio of 19.36 and a beta of 1.03.

Frontdoor (NASDAQ:FTDR) last posted its quarterly earnings results on Monday, November 4th. The company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.33. Frontdoor had a net margin of 12.87% and a return on equity of 132.99%. The firm had revenue of $540.00 million for the quarter, compared to analyst estimates of $541.88 million. During the same period in the prior year, the firm posted $0.94 earnings per share. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. As a group, sell-side analysts predict that Frontdoor, Inc. will post 3.14 earnings per share for the current fiscal year.

About Frontdoor

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.