United Capital Financial Advisors LLC Invests $836,000 in Frontdoor Inc. $FTDR

United Capital Financial Advisors LLC bought a new position in Frontdoor Inc. (NASDAQ:FTDR) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 10,779 shares of the company’s stock, valued at approximately $836,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. State of Wyoming lifted its position in shares of Frontdoor by 2.5% during the first quarter. State of Wyoming now owns 7,140 shares of the company’s stock worth $377,000 after purchasing an additional 177 shares in the last quarter. Handelsbanken Fonder AB raised its position in Frontdoor by 0.8% in the 2nd quarter. Handelsbanken Fonder AB now owns 25,900 shares of the company’s stock worth $2,010,000 after purchasing an additional 200 shares during the last quarter. ProShare Advisors LLC raised its position in Frontdoor by 1.7% in the 4th quarter. ProShare Advisors LLC now owns 14,232 shares of the company’s stock worth $821,000 after purchasing an additional 236 shares during the last quarter. Snowden Capital Advisors LLC lifted its holdings in Frontdoor by 4.1% during the 2nd quarter. Snowden Capital Advisors LLC now owns 6,407 shares of the company’s stock worth $378,000 after buying an additional 250 shares in the last quarter. Finally, Bank of Montreal Can lifted its holdings in Frontdoor by 5.0% during the 4th quarter. Bank of Montreal Can now owns 5,296 shares of the company’s stock worth $306,000 after buying an additional 254 shares in the last quarter.

Analysts Set New Price Targets

FTDR has been the topic of several research reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Frontdoor in a research note on Tuesday, August 18th. Truist Financial lifted 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. The Goldman Sachs Group reissued a “neutral” rating on shares of Frontdoor in a report on Friday, August 7th. JPMorgan Chase & Co. started coverage on shares of Frontdoor in a research report on Monday, August 24th. They set a “neutral” rating and a $95.00 target price on the stock. Finally, Wolfe Research raised shares of Frontdoor to an “outperform” rating in a research note on Monday, August 24th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $92.60.

Frontdoor Stock Performance

Shares of FTDR stock opened at $82.89 on Monday. The stock has a market cap of $5.71 billion, a PE ratio of 21.99 and a beta of 1.47. The stock has a 50-day moving average of $78.14 and a 200-day moving average of $67.41. The company has a debt-to-equity ratio of 3.98, a current ratio of 1.59 and a quick ratio of 1.59. Frontdoor Inc. has a one year low of $48.47 and a one year high of $93.43.

Frontdoor (NASDAQ:FTDR) last released its quarterly earnings data on Thursday, August 6th. The company reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.17. Frontdoor had a net margin of 12.72% and a return on equity of 120.90%. The business had revenue of $645.00 million for the quarter, compared to analyst estimates of $643.40 million. During the same quarter last year, the firm earned $1.63 EPS. Frontdoor’s quarterly revenue was up 4.5% compared to the same quarter last year. As a group, sell-side analysts expect that Frontdoor Inc. will post 4.67 earnings per share for the current year.

Frontdoor 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.