6,253 Shares in Frontdoor, Inc. (NASDAQ:FTDR) Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC bought a new stake in Frontdoor, Inc. (NASDAQ:FTDR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 6,253 shares of the company’s stock, valued at approximately $220,000.

Several other large investors have also modified their holdings of FTDR. Meeder Asset Management Inc. raised its holdings in Frontdoor by 5.3% in the 4th quarter. Meeder Asset Management Inc. now owns 7,137 shares of the company’s stock valued at $251,000 after buying an additional 359 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Frontdoor by 2.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 37,049 shares of the company’s stock valued at $1,305,000 after acquiring an additional 980 shares during the last quarter. DekaBank Deutsche Girozentrale raised its stake in shares of Frontdoor by 39.9% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 18,706 shares of the company’s stock valued at $653,000 after acquiring an additional 5,331 shares during the period. New York State Teachers Retirement System lifted its holdings in shares of Frontdoor by 24.2% in the 4th quarter. New York State Teachers Retirement System now owns 37,094 shares of the company’s stock worth $1,306,000 after acquiring an additional 7,237 shares during the last quarter. Finally, Fenimore Asset Management Inc. boosted its position in shares of Frontdoor by 1.0% during the 4th quarter. Fenimore Asset Management Inc. now owns 335,732 shares of the company’s stock worth $11,824,000 after purchasing an additional 3,180 shares during the period.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company cut their target price on Frontdoor from $40.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Frontdoor currently has a consensus rating of “Hold” and an average target price of $39.40.

Frontdoor Stock Up 1.5 %

Shares of FTDR opened at $30.47 on Friday. The company has a debt-to-equity ratio of 4.24, a quick ratio of 1.10 and a current ratio of 1.10. The stock has a market capitalization of $2.38 billion, a PE ratio of 14.37 and a beta of 0.89. The company’s 50-day simple moving average is $31.54 and its 200-day simple moving average is $32.70. Frontdoor, Inc. has a 1 year low of $26.09 and a 1 year high of $38.97.

Frontdoor (NASDAQ:FTDR) last issued its quarterly earnings results on Wednesday, February 28th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.18. Frontdoor had a net margin of 9.66% and a return on equity of 142.80%. The company had revenue of $366.00 million during the quarter, compared to the consensus estimate of $360.47 million. During the same quarter in the previous year, the firm earned $0.13 earnings per share. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. Analysts forecast that Frontdoor, Inc. will post 2.35 earnings per share for the current fiscal year.

Frontdoor 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.