US Bancorp DE Has $116,000 Holdings in Frontdoor Inc. $FTDR

US Bancorp DE boosted its holdings in Frontdoor Inc. (NASDAQ:FTDR) by 22.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,008 shares of the company’s stock after acquiring an additional 553 shares during the period. US Bancorp DE’s holdings in Frontdoor were worth $116,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. IFP Advisors Inc increased its position in Frontdoor by 80,766.7% during the 1st quarter. IFP Advisors Inc now owns 2,426 shares of the company’s stock worth $93,000 after buying an additional 2,423 shares during the period. GAMMA Investing LLC increased its position in Frontdoor by 16.5% during the 1st quarter. GAMMA Investing LLC now owns 2,447 shares of the company’s stock worth $94,000 after buying an additional 347 shares during the period. CWM LLC increased its position in Frontdoor by 91.2% during the 1st quarter. CWM LLC now owns 2,574 shares of the company’s stock worth $99,000 after buying an additional 1,228 shares during the period. Blue Trust Inc. increased its position in Frontdoor by 70.3% during the 1st quarter. Blue Trust Inc. now owns 2,780 shares of the company’s stock worth $107,000 after buying an additional 1,148 shares during the period. Finally, TD Private Client Wealth LLC increased its position in Frontdoor by 96.4% during the 1st quarter. TD Private Client Wealth LLC now owns 3,136 shares of the company’s stock worth $120,000 after buying an additional 1,539 shares during the period.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Oppenheimer increased their price objective on Frontdoor from $56.00 to $63.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 6th. JPMorgan Chase & Co. raised their price target on Frontdoor from $50.00 to $55.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 3rd. The Goldman Sachs Group raised their price target on Frontdoor from $44.00 to $50.00 and gave the stock a “sell” rating in a research report on Wednesday, August 6th. Finally, Truist Financial raised their price target on Frontdoor from $67.00 to $71.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th.

Frontdoor Stock Down 0.3%

Shares of NASDAQ FTDR opened at $58.89 on Monday. The stock’s fifty day moving average is $57.98 and its 200 day moving average is $51.28. The stock has a market capitalization of $4.29 billion, a P/E ratio of 17.37 and a beta of 1.32. The company has a debt-to-equity ratio of 4.56, a quick ratio of 1.49 and a current ratio of 1.49. Frontdoor Inc. has a 52 week low of $35.61 and a 52 week high of $64.91.

Frontdoor (NASDAQ:FTDR) last released its quarterly earnings data on Tuesday, August 5th. The company reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.19. The business had revenue of $617.00 million for the quarter, compared to analyst estimates of $602.62 million. Frontdoor had a return on equity of 125.21% and a net margin of 13.07%. Frontdoor’s revenue was up 13.8% compared to the same quarter last year. During the same period last year, the firm posted $1.27 earnings per share. Sell-side analysts forecast that Frontdoor Inc. will post 3.07 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Jeffrey Fiarman sold 129,673 shares of the firm’s stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $56.15, for a total value of $7,281,138.95. Following the sale, the senior vice president directly owned 34,646 shares of the company’s stock, valued at $1,945,372.90. This trade represents a 78.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.48% of the stock is owned by company insiders.

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.