Frontdoor Inc. $FTDR Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in shares of Frontdoor Inc. (NASDAQ:FTDR) by 4.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 190,313 shares of the company’s stock after selling 8,150 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.28% of Frontdoor worth $14,766,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in FTDR. Hsbc Holdings PLC acquired a new stake in shares of Frontdoor in the second quarter valued at $269,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Frontdoor in the second quarter worth approximately $6,634,000. Empowered Funds LLC acquired a new position in Frontdoor during the 2nd quarter worth approximately $28,045,000. United Capital Financial Advisors LLC acquired a new position in Frontdoor during the 2nd quarter worth approximately $836,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Frontdoor in the 2nd quarter valued at approximately $58,000.

Analyst Upgrades and Downgrades

FTDR has been the subject of several recent analyst reports. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Frontdoor in a research report on Friday, August 7th. Truist Financial upped their price objective on Frontdoor from $82.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Oppenheimer raised their target price on Frontdoor from $70.00 to $100.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Weiss Ratings restated a “buy (b-)” rating on shares of Frontdoor in a research note on Tuesday, August 18th. Finally, Benchmark raised their price objective on shares of Frontdoor from $80.00 to $96.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $92.60.

Frontdoor Stock Down 0.1%

FTDR opened at $82.60 on Friday. Frontdoor Inc. has a one year low of $48.47 and a one year high of $93.43. The company has a debt-to-equity ratio of 3.98, a quick ratio of 1.59 and a current ratio of 1.59. The stock has a market capitalization of $5.69 billion, a P/E ratio of 21.91 and a beta of 1.50. The business’s 50-day simple moving average is $78.93 and its 200-day simple moving average is $68.20.

Frontdoor (NASDAQ:FTDR) last announced its earnings results on Thursday, August 6th. The company reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.17. The firm had revenue of $645.00 million during the quarter, compared to analysts’ expectations of $643.40 million. Frontdoor had a return on equity of 120.90% and a net margin of 12.72%.The business’s revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.63 EPS. Analysts anticipate that Frontdoor Inc. will post 4.67 EPS for the current year.

About Frontdoor

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.