BNP PARIBAS ASSET MANAGEMENT Holding S.A. Acquires 33,380 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 8.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 448,572 shares of the company’s stock after acquiring an additional 33,380 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned about 0.59% of Frontdoor worth $21,527,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Millennium Management LLC grew its holdings in shares of Frontdoor by 440.4% in the second quarter. Millennium Management LLC now owns 908,904 shares of the company’s stock worth $30,712,000 after purchasing an additional 740,711 shares during the last quarter. Swedbank AB increased its position in shares of Frontdoor by 112.7% during the second quarter. Swedbank AB now owns 1,210,600 shares of the company’s stock worth $40,906,000 after acquiring an additional 641,476 shares during the period. Boston Partners raised its stake in shares of Frontdoor by 8.9% during the first quarter. Boston Partners now owns 6,198,543 shares of the company’s stock valued at $201,662,000 after acquiring an additional 506,217 shares in the last quarter. Invenomic Capital Management LP boosted its holdings in shares of Frontdoor by 57.3% in the first quarter. Invenomic Capital Management LP now owns 1,072,445 shares of the company’s stock valued at $34,940,000 after purchasing an additional 390,610 shares during the period. Finally, Vanguard Group Inc. grew its stake in Frontdoor by 3.8% in the first quarter. Vanguard Group Inc. now owns 10,179,139 shares of the company’s stock worth $331,636,000 after purchasing an additional 373,091 shares in the last quarter.

Frontdoor Stock Performance

Shares of Frontdoor stock opened at $58.46 on Friday. The company has a market capitalization of $4.43 billion, a PE ratio of 19.36 and a beta of 1.03. The company has a 50-day simple moving average of $51.09 and a two-hundred day simple moving average of $43.42. Frontdoor, Inc. has a one year low of $29.41 and a one year high of $59.01. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.42 and a current ratio of 1.42.

Frontdoor (NASDAQ:FTDR) last posted its earnings results on Monday, November 4th. The company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.33. The company had revenue of $540.00 million during the quarter, compared to analysts’ expectations of $541.88 million. Frontdoor had a net margin of 12.87% and a return on equity of 132.99%. Frontdoor’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.94 earnings per share. Research analysts expect that Frontdoor, Inc. will post 3.14 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Truist Financial lifted their target price on Frontdoor from $56.00 to $58.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. William Blair upgraded shares of Frontdoor from a “market perform” rating to an “outperform” rating in a report on Friday, August 2nd. The Goldman Sachs Group upped their price target on shares of Frontdoor from $41.00 to $46.00 and gave the stock a “sell” rating in a research report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Frontdoor from $45.00 to $55.00 and gave the company an “overweight” rating in a report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $49.50.

About Frontdoor

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.