Glenmede Trust Co. NA Has $24.30 Million Stock Holdings in Frontdoor, Inc. (NASDAQ:FTDR)

Glenmede Trust Co. NA lifted its position in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 1.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 506,328 shares of the company’s stock after purchasing an additional 6,189 shares during the period. Glenmede Trust Co. NA’s holdings in Frontdoor were worth $24,299,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Millennium Management LLC raised its holdings in Frontdoor by 440.4% in the 2nd quarter. Millennium Management LLC now owns 908,904 shares of the company’s stock valued at $30,712,000 after acquiring an additional 740,711 shares during the period. Swedbank AB raised its stake in Frontdoor by 112.7% in the 2nd quarter. Swedbank AB now owns 1,210,600 shares of the company’s stock worth $40,906,000 after purchasing an additional 641,476 shares in the last quarter. Boston Partners increased its holdings in shares of Frontdoor by 8.9% during the first quarter. Boston Partners now owns 6,198,543 shares of the company’s stock worth $201,662,000 after purchasing an additional 506,217 shares during the period. Renaissance Technologies LLC raised its position in shares of Frontdoor by 23.2% in the second quarter. Renaissance Technologies LLC now owns 1,546,519 shares of the company’s stock valued at $52,257,000 after buying an additional 291,700 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of Frontdoor by 8.7% in the second quarter. Victory Capital Management Inc. now owns 2,176,056 shares of the company’s stock valued at $73,529,000 after buying an additional 173,624 shares during the period.

Analyst Upgrades and Downgrades

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

Frontdoor Stock Down 0.8 %

Shares of NASDAQ:FTDR opened at $58.17 on Thursday. Frontdoor, Inc. has a 12-month low of $29.41 and a 12-month high of $60.42. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.16. The stock has a market cap of $4.41 billion, a price-to-earnings ratio of 19.26 and a beta of 1.03. The business’s 50 day moving average is $51.73 and its 200 day moving average is $44.00.

Frontdoor (NASDAQ:FTDR) last posted its quarterly earnings results on Monday, November 4th. The company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.33. The company had revenue of $540.00 million for 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 was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.94 EPS. On average, sell-side analysts forecast that Frontdoor, Inc. will post 3.14 earnings per share for the current fiscal year.

Frontdoor Profile

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.