Lido Advisors LLC Has $347,000 Stock Position in Frontdoor, Inc. (NASDAQ:FTDR)

Lido Advisors LLC grew its holdings in Frontdoor, Inc. (NASDAQ:FTDR) by 22.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 6,345 shares of the company’s stock after acquiring an additional 1,173 shares during the quarter. Lido Advisors LLC’s holdings in Frontdoor were worth $347,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Blue Trust Inc. lifted its position in Frontdoor by 315.3% during the 4th quarter. Blue Trust Inc. now owns 1,632 shares of the company’s stock worth $89,000 after buying an additional 1,239 shares in the last quarter. Oppenheimer & Co. Inc. bought a new stake in Frontdoor during the fourth quarter worth about $467,000. Atria Investments Inc boosted its position in Frontdoor by 4.9% during the fourth quarter. Atria Investments Inc now owns 6,894 shares of the company’s stock valued at $377,000 after purchasing an additional 325 shares during the last quarter. Caprock Group LLC bought a new position in Frontdoor in the fourth quarter valued at approximately $208,000. Finally, Patriot Financial Group Insurance Agency LLC bought a new position in Frontdoor in the fourth quarter valued at approximately $222,000.

Frontdoor Trading Up 1.6 %

Shares of FTDR stock opened at $52.31 on Tuesday. Frontdoor, Inc. has a 12-month low of $32.95 and a 12-month high of $63.49. The company has a market capitalization of $3.90 billion, a PE ratio of 17.32 and a beta of 1.21. The firm has a 50 day moving average price of $40.11 and a two-hundred day moving average price of $50.92. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.16.

Frontdoor (NASDAQ:FTDR) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.27. Frontdoor had a return on equity of 132.99% and a net margin of 12.87%. The business had revenue of $426.00 million during the quarter, compared to analysts’ expectations of $416.37 million. During the same period last year, the firm posted $0.44 EPS. The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. As a group, analysts predict that Frontdoor, Inc. will post 3.07 earnings per share for the current year.

Analysts Set New Price Targets

FTDR has been the subject of several recent analyst reports. JPMorgan Chase & Co. downgraded Frontdoor from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $58.00 to $40.00 in a report on Tuesday, April 22nd. The Goldman Sachs Group cut their price target on shares of Frontdoor from $46.00 to $40.00 and set a “sell” rating for the company in a research note on Monday, March 3rd. Finally, Truist Financial upped their target price on shares of Frontdoor from $58.00 to $67.00 and gave the company a “buy” rating in a report on Friday, February 14th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $46.50.

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.