BNP Paribas Financial Markets Lowers Holdings in Frontdoor, Inc. (NASDAQ:FTDR)

BNP Paribas Financial Markets trimmed its position in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 12.0% during the 1st quarter, HoldingsChannel.com reports. The firm owned 154,688 shares of the company’s stock after selling 21,067 shares during the period. BNP Paribas Financial Markets’ holdings in Frontdoor were worth $5,040,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of FTDR. Financial Management Professionals Inc. purchased a new stake in shares of Frontdoor during the fourth quarter valued at approximately $49,000. Parkside Financial Bank & Trust boosted its stake in Frontdoor by 9,892.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,399 shares of the company’s stock valued at $49,000 after purchasing an additional 1,385 shares during the last quarter. C M Bidwell & Associates Ltd. purchased a new position in shares of Frontdoor in the fourth quarter worth $71,000. Quadrant Capital Group LLC lifted its holdings in shares of Frontdoor by 13.7% during the fourth quarter. Quadrant Capital Group LLC now owns 2,839 shares of the company’s stock valued at $100,000 after purchasing an additional 341 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new stake in shares of Frontdoor during the fourth quarter valued at $145,000.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company upped their target price on shares of Frontdoor from $36.00 to $39.00 and gave the company an “equal weight” rating in a research note on Monday, May 6th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $40.00.

Frontdoor Stock Up 3.5 %

FTDR stock opened at $34.90 on Friday. The company has a market cap of $2.71 billion, a price-to-earnings ratio of 15.31 and a beta of 1.00. The company has a debt-to-equity ratio of 3.54, a quick ratio of 1.14 and a current ratio of 1.14. The business’s 50-day moving average is $35.19 and its two-hundred day moving average is $33.26. Frontdoor, Inc. has a fifty-two week low of $28.25 and a fifty-two week high of $38.97.

Frontdoor (NASDAQ:FTDR) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.23. The firm had revenue of $378.00 million for the quarter, compared to analysts’ expectations of $376.36 million. Frontdoor had a net margin of 10.27% and a return on equity of 132.00%. As a group, analysts forecast that Frontdoor, Inc. will post 2.52 earnings per share for the current year.

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.