Gamble Jones Investment Counsel reduced its position in Frontdoor Inc (NASDAQ:FTDR) by 1.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,403 shares of the company’s stock after selling 509 shares during the quarter. Gamble Jones Investment Counsel’s holdings in Frontdoor were worth $1,574,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Steward Partners Investment Advisory LLC boosted its position in shares of Frontdoor by 67.5% during the third quarter. Steward Partners Investment Advisory LLC now owns 695 shares of the company’s stock worth $33,000 after acquiring an additional 280 shares during the last quarter. Quest Capital Management Inc. ADV bought a new position in shares of Frontdoor during the third quarter worth $38,000. Harvest Fund Management Co. Ltd bought a new position in shares of Frontdoor during the second quarter worth $40,000. Quantamental Technologies LLC bought a new position in shares of Frontdoor during the second quarter worth $74,000. Finally, Aperio Group LLC bought a new position in shares of Frontdoor during the second quarter worth $78,000. Institutional investors and hedge funds own 94.98% of the company’s stock.
Shares of NASDAQ:FTDR traded up $0.68 during trading on Friday, hitting $44.93. The company had a trading volume of 851,400 shares, compared to its average volume of 594,122. Frontdoor Inc has a one year low of $20.66 and a one year high of $53.29. The company has a fifty day simple moving average of $49.13 and a two-hundred day simple moving average of $45.42. The stock has a market cap of $3.71 billion and a price-to-earnings ratio of 25.38.
Frontdoor (NASDAQ:FTDR) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.07. Frontdoor had a negative return on equity of 54.13% and a net margin of 11.23%. The business had revenue of $407.00 million for the quarter, compared to the consensus estimate of $411.14 million. During the same period last year, the business posted $0.49 EPS. The business’s revenue was up 8.0% compared to the same quarter last year. As a group, research analysts anticipate that Frontdoor Inc will post 1.84 EPS for the current year.
FTDR has been the subject of a number of research reports. Wells Fargo & Co lowered shares of Frontdoor from an “outperform” rating to a “market perform” rating and upped their target price for the stock from $50.00 to $55.00 in a research report on Thursday, September 26th. Guggenheim upped their target price on shares of Frontdoor from $43.00 to $55.00 and gave the stock a “buy” rating in a research report on Monday, August 19th. Buckingham Research lowered shares of Frontdoor from a “buy” rating to a “neutral” rating and set a $49.00 price objective for the company. in a research report on Wednesday, July 31st. Zacks Investment Research cut shares of Frontdoor from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Finally, SunTrust Banks reissued a “buy” rating and issued a $50.00 price objective on shares of Frontdoor in a research note on Monday, November 4th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $46.83.
frontdoor, inc. provides home service plans in the United States. The company's home service plans cover the repair or replacement of components of up to 21 household systems and appliances, including electrical, plumbing, water heaters, refrigerators, dishwashers, and ranges/ovens/cooktops, as well as central heating, ventilation and air conditioning systems.
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