Ameriprise Financial Inc. Cuts Holdings in Frontdoor, Inc. (NASDAQ:FTDR)

Ameriprise Financial Inc. trimmed its holdings in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 0.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 258,242 shares of the company’s stock after selling 229 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.34% of Frontdoor worth $14,118,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of FTDR. Bessemer Group Inc. increased its holdings in Frontdoor by 514.7% during the fourth quarter. Bessemer Group Inc. now owns 627 shares of the company’s stock valued at $34,000 after buying an additional 525 shares during the period. TD Private Client Wealth LLC increased its holdings in Frontdoor by 12.9% during the fourth quarter. TD Private Client Wealth LLC now owns 1,597 shares of the company’s stock valued at $87,000 after buying an additional 183 shares during the period. Blue Trust Inc. increased its holdings in Frontdoor by 315.3% during the fourth quarter. Blue Trust Inc. now owns 1,632 shares of the company’s stock valued at $89,000 after buying an additional 1,239 shares during the period. Nkcfo LLC purchased a new position in Frontdoor during the fourth quarter valued at approximately $96,000. Finally, Smartleaf Asset Management LLC increased its holdings in Frontdoor by 360.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,484 shares of the company’s stock valued at $136,000 after buying an additional 1,945 shares during the period.

Frontdoor Price Performance

Shares of FTDR opened at $55.30 on Friday. Frontdoor, Inc. has a twelve month low of $32.95 and a twelve month high of $63.49. The company has a 50 day moving average of $42.38 and a two-hundred day moving average of $51.15. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.16. The company has a market cap of $4.07 billion, a price-to-earnings ratio of 18.31 and a beta of 1.21.

Frontdoor (NASDAQ:FTDR) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.37 by $0.27. Frontdoor had a net margin of 12.87% and a return on equity of 132.99%. The business had revenue of $426.00 million during the quarter, compared to the consensus estimate of $416.37 million. During the same period in the previous year, the firm posted $0.44 earnings per share. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. As a group, analysts predict that Frontdoor, Inc. will post 3.07 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. The Goldman Sachs Group cut their price objective on shares of Frontdoor from $46.00 to $40.00 and set a “sell” rating on the stock in a report on Monday, March 3rd. JPMorgan Chase & Co. downgraded shares of Frontdoor from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $58.00 to $40.00 in a research note on Tuesday, April 22nd. Finally, Truist Financial raised their target price on shares of Frontdoor from $58.00 to $67.00 and gave the company a “buy” rating in a research note on Friday, February 14th.

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.