Frontdoor Inc. (NASDAQ:FTDR) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lowered its position in Frontdoor Inc. (NASDAQ:FTDR) by 1.4% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 526,253 shares of the company’s stock after selling 7,406 shares during the period. Bank of New York Mellon Corp owned 0.71% of Frontdoor worth $20,219,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bessemer Group Inc. grew its stake in shares of Frontdoor by 514.7% in the 4th 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 grew its holdings in shares of Frontdoor by 12.9% in the fourth quarter. TD Private Client Wealth LLC now owns 1,597 shares of the company’s stock valued at $87,000 after purchasing an additional 183 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Frontdoor by 16.5% in the first quarter. GAMMA Investing LLC now owns 2,447 shares of the company’s stock valued at $94,000 after acquiring an additional 347 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Frontdoor by 70.3% in the 1st quarter. Blue Trust Inc. now owns 2,780 shares of the company’s stock valued at $107,000 after buying an additional 1,148 shares during the period. Finally, RiverGlades Family Offices LLC purchased a new stake in Frontdoor during the 4th quarter worth about $219,000.

Frontdoor Trading Down 0.7%

Shares of Frontdoor stock opened at $57.78 on Friday. The company has a debt-to-equity ratio of 5.88, a quick ratio of 1.34 and a current ratio of 1.34. The company has a market capitalization of $4.25 billion, a P/E ratio of 18.70 and a beta of 1.28. Frontdoor Inc. has a 1 year low of $35.61 and a 1 year high of $63.49. The company’s fifty day moving average is $56.86 and its two-hundred day moving average is $51.32.

Frontdoor (NASDAQ:FTDR) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.27. The company had revenue of $426.00 million during the quarter, compared to analysts’ expectations of $416.37 million. Frontdoor had a return on equity of 121.05% and a net margin of 12.59%. The firm’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same period last year, the firm earned $0.44 EPS. Analysts forecast that Frontdoor Inc. will post 3.07 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. boosted their target price on Frontdoor from $50.00 to $55.00 and gave the company a “neutral” rating in a report on Tuesday, June 3rd.

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.