First National Bank of Omaha Invests $515,000 in Frontdoor Inc. $FTDR

First National Bank of Omaha bought a new stake in shares of Frontdoor Inc. (NASDAQ:FTDR) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 6,637 shares of the company’s stock, valued at approximately $515,000.

Other large investors have also recently made changes to their positions in the company. Swedbank AB boosted its stake in shares of Frontdoor by 6.0% during the 4th quarter. Swedbank AB now owns 1,283,600 shares of the company’s stock worth $74,051,000 after acquiring an additional 73,000 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of Frontdoor in the 1st quarter valued at about $1,793,000. California State Teachers Retirement System increased its stake in shares of Frontdoor by 20.2% in the 1st quarter. California State Teachers Retirement System now owns 82,866 shares of the company’s stock valued at $4,380,000 after purchasing an additional 13,941 shares in the last quarter. Bessemer Group Inc. raised its holdings in Frontdoor by 38.2% in the 1st quarter. Bessemer Group Inc. now owns 110,559 shares of the company’s stock worth $5,844,000 after purchasing an additional 30,576 shares during the period. Finally, Meeder Asset Management Inc. acquired a new position in Frontdoor in the 1st quarter worth about $1,138,000.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Oppenheimer increased their price target on Frontdoor from $70.00 to $100.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. The Goldman Sachs Group restated a “neutral” rating on shares of Frontdoor in a research report on Friday, August 7th. Benchmark upped their target price on Frontdoor from $80.00 to $96.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Truist Financial increased their target price on Frontdoor from $82.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Finally, Weiss Ratings cut shares of Frontdoor from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 21st. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Frontdoor presently has a consensus rating of “Moderate Buy” and a consensus target price of $92.00.

Frontdoor Stock Down 0.8%

FTDR stock opened at $82.28 on Thursday. Frontdoor Inc. has a 52 week low of $48.47 and a 52 week high of $93.43. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 3.98. The firm has a 50-day simple moving average of $76.29 and a 200-day simple moving average of $66.16. The stock has a market capitalization of $5.67 billion, a P/E ratio of 21.82 and a beta of 1.47.

Frontdoor (NASDAQ:FTDR) last issued its quarterly earnings results on Thursday, August 6th. The company reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $0.17. Frontdoor had a net margin of 12.72% and a return on equity of 120.90%. The firm had revenue of $645.00 million for the quarter, compared to analyst estimates of $643.40 million. During the same period last year, the company posted $1.63 EPS. Frontdoor’s quarterly revenue was up 4.5% compared to the same quarter last year. Equities analysts forecast that Frontdoor Inc. will post 4.66 earnings per share for the current fiscal year.

Frontdoor Company Profile

Frontdoor, Inc (NASDAQ:FTDR) is a leading provider of home service plans and repair solutions for residential property owners. The company offers contract-based coverage that helps homeowners manage the cost of repairing and replacing essential household systems and appliances, including heating and cooling, plumbing, electrical wiring, water heaters, washers, dryers, refrigerators and other major kitchen equipment.

Frontdoor delivers its services through a nationwide network of independent service professionals and contractors, leveraging a cloud-based platform and call center infrastructure to coordinate service visits and process claims.