Xponance Inc. Has $229,000 Stock Position in Frontdoor Inc. (NASDAQ:FTDR)

Xponance Inc. increased its position in shares of Frontdoor Inc. (NASDAQ:FTDR) by 5.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,971 shares of the company’s stock after purchasing an additional 285 shares during the quarter. Xponance Inc.’s holdings in Frontdoor were worth $229,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Bessemer Group Inc. boosted 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 purchasing an additional 525 shares during the last quarter. TD Private Client Wealth LLC lifted its stake in 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 buying an additional 183 shares in the last quarter. GAMMA Investing LLC lifted its stake in 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 buying an additional 347 shares in the last quarter. Blue Trust Inc. lifted its stake in Frontdoor by 70.3% in the first 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 in the last quarter. Finally, RHS Financial LLC acquired a new stake in shares of Frontdoor in the first quarter valued at approximately $211,000.

Analyst Upgrades and Downgrades

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

Frontdoor Trading Down 0.7%

FTDR opened at $57.78 on Friday. Frontdoor Inc. has a twelve month low of $35.61 and a twelve month high of $63.49. The company has a 50-day simple moving average of $56.86 and a 200 day simple moving average of $51.30. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 5.88. The stock has a market capitalization of $4.25 billion, a price-to-earnings ratio of 18.70 and a beta of 1.28.

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 the consensus estimate of $0.37 by $0.27. The business had revenue of $426.00 million during the quarter, compared to analysts’ expectations of $416.37 million. Frontdoor had a net margin of 12.59% and a return on equity of 121.05%. Frontdoor’s revenue was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.44 earnings per share. Analysts predict that Frontdoor Inc. will post 3.07 EPS for the current fiscal year.

Frontdoor Company 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.