AGF Investments Inc. lowered its stake in shares of frontdoor, inc. (NASDAQ:FTDR) by 52.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 4,152 shares of the company’s stock after selling 4,634 shares during the quarter. AGF Investments Inc.’s holdings in frontdoor were worth $208,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in FTDR. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in frontdoor by 19.4% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 295,100 shares of the company’s stock worth $14,817,000 after purchasing an additional 48,000 shares during the last quarter. US Bancorp DE boosted its holdings in frontdoor by 3.7% during the 4th quarter. US Bancorp DE now owns 37,169 shares of the company’s stock valued at $1,866,000 after acquiring an additional 1,325 shares during the period. DekaBank Deutsche Girozentrale bought a new position in frontdoor in the 3rd quarter valued at $2,270,000. Trexquant Investment LP increased its stake in frontdoor by 240.1% in the third quarter. Trexquant Investment LP now owns 40,417 shares of the company’s stock worth $1,573,000 after purchasing an additional 28,534 shares during the period. Finally, Los Angeles Capital Management LLC lifted its position in shares of frontdoor by 5.3% during the fourth quarter. Los Angeles Capital Management LLC now owns 77,672 shares of the company’s stock worth $3,900,000 after purchasing an additional 3,925 shares during the last quarter.
NASDAQ:FTDR opened at $54.80 on Tuesday. The stock has a market capitalization of $4.68 billion, a price-to-earnings ratio of 36.29, a PEG ratio of 2.31 and a beta of 0.58. frontdoor, inc. has a 52 week low of $30.06 and a 52 week high of $58.94. The firm has a 50 day moving average of $54.75 and a 200 day moving average of $47.02.
frontdoor (NASDAQ:FTDR) last issued its quarterly earnings results on Thursday, February 18th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.03. frontdoor had a negative return on equity of 104.88% and a net margin of 8.96%. On average, equities analysts anticipate that frontdoor, inc. will post 1.51 earnings per share for the current fiscal year.
A number of brokerages recently weighed in on FTDR. Truist lifted their price objective on shares of frontdoor from $54.00 to $62.00 in a report on Friday. Raymond James raised their price objective on frontdoor from $51.00 to $52.00 and gave the stock an “outperform” rating in a report on Thursday, November 5th. Oppenheimer upped their target price on frontdoor from $50.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday, November 19th. JPMorgan Chase & Co. raised their price target on frontdoor from $50.00 to $57.00 and gave the company an “overweight” rating in a research note on Wednesday, December 16th. Finally, Zacks Investment Research cut shares of frontdoor from a “hold” rating to a “strong sell” rating in a report on Monday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $51.50.
frontdoor Company Profile
frontdoor, inc. provides home service plans in the United States. The company's home service plans cover the repair or replacement of principal components of approximately 21 household systems and appliances, including electrical, plumbing, water heaters, refrigerators, dishwashers, and ranges/ovens/cooktops, as well as electronics, pools, and spas and pumps; and central heating, ventilation, and air conditioning systems.
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