Citigroup Inc. Has $3.90 Million Stake in Frontdoor Inc. $FTDR

Citigroup Inc. reduced its position in Frontdoor Inc. (NASDAQ:FTDR) by 40.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 57,986 shares of the company’s stock after selling 39,763 shares during the quarter. Citigroup Inc. owned approximately 0.08% of Frontdoor worth $3,902,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Frontdoor by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,846 shares of the company’s stock valued at $1,761,000 after acquiring an additional 1,994 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Frontdoor by 533.0% in the 1st quarter. Millennium Management LLC now owns 307,497 shares of the company’s stock valued at $11,814,000 after purchasing an additional 258,920 shares during the period. Empowered Funds LLC lifted its stake in shares of Frontdoor by 10.5% in the 1st quarter. Empowered Funds LLC now owns 11,008 shares of the company’s stock valued at $423,000 after purchasing an additional 1,044 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Frontdoor by 5.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 237,526 shares of the company’s stock valued at $9,126,000 after purchasing an additional 13,134 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in Frontdoor by 6.5% in the second quarter. Envestnet Asset Management Inc. now owns 147,721 shares of the company’s stock worth $8,707,000 after purchasing an additional 9,075 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Wall Street Zen upgraded Frontdoor from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. Oppenheimer reiterated an “outperform” rating and set a $70.00 target price on shares of Frontdoor in a research report on Thursday, February 26th. Truist Financial set a $71.00 price target on shares of Frontdoor in a report on Monday, January 26th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Frontdoor in a report on Monday, December 29th. Finally, The Goldman Sachs Group raised shares of Frontdoor from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $50.00 to $67.00 in a research report on Monday. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $65.75.

Frontdoor Stock Performance

FTDR opened at $67.90 on Thursday. Frontdoor Inc. has a 1-year low of $35.61 and a 1-year high of $70.77. The company has a market cap of $4.80 billion, a price-to-earnings ratio of 19.91 and a beta of 1.31. The company’s fifty day moving average price is $59.12 and its two-hundred day moving average price is $60.02. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 4.73.

Frontdoor (NASDAQ:FTDR) last posted its earnings results on Thursday, February 26th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.11 by $0.12. Frontdoor had a net margin of 12.18% and a return on equity of 120.79%. The company had revenue of $433.00 million during the quarter, compared to the consensus estimate of $421.62 million. During the same period in the previous year, the firm posted $0.27 earnings per share. The firm’s revenue for the quarter was up 13.1% on a year-over-year basis. On average, analysts expect that Frontdoor Inc. will post 3.07 EPS for the current fiscal year.

Frontdoor Company Profile

Frontdoor, Inc (NASDAQ:FTDR) is a leading provider of home service plans and repair solutions for residential property owners. The company offers contract-based coverage that helps homeowners manage the cost of repairing and replacing essential household systems and appliances, including heating and cooling, plumbing, electrical wiring, water heaters, washers, dryers, refrigerators and other major kitchen equipment.

Frontdoor delivers its services through a nationwide network of independent service professionals and contractors, leveraging a cloud-based platform and call center infrastructure to coordinate service visits and process claims.