Fifth Third Bancorp Increases Stock Position in Frontdoor Inc. $FTDR

Fifth Third Bancorp boosted its holdings in Frontdoor Inc. (NASDAQ:FTDR) by 5,724.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,111 shares of the company’s stock after buying an additional 29,594 shares during the period. Fifth Third Bancorp’s holdings in Frontdoor were worth $1,592,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in FTDR. Park Avenue Securities LLC boosted its holdings in shares of Frontdoor by 4.0% in the fourth quarter. Park Avenue Securities LLC now owns 5,107 shares of the company’s stock worth $295,000 after acquiring an additional 198 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of Frontdoor by 11.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,065 shares of the company’s stock valued at $119,000 after purchasing an additional 217 shares during the period. Optivise Advisory Services LLC lifted its holdings in Frontdoor by 6.9% during the 4th quarter. Optivise Advisory Services LLC now owns 3,641 shares of the company’s stock worth $210,000 after purchasing an additional 235 shares in the last quarter. ProShare Advisors LLC lifted its holdings in Frontdoor by 1.7% during 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 in the last quarter. Finally, Snowden Capital Advisors LLC boosted its stake in Frontdoor by 4.1% in the 2nd quarter. Snowden Capital Advisors LLC now owns 6,407 shares of the company’s stock worth $378,000 after purchasing an additional 250 shares during the period.

Frontdoor Trading Down 2.2%

Frontdoor stock opened at $70.49 on Friday. The stock has a market cap of $4.95 billion, a P/E ratio of 20.20 and a beta of 1.46. Frontdoor Inc. has a fifty-two week low of $48.47 and a fifty-two week high of $80.73. The firm’s fifty day moving average price is $69.65 and its 200-day moving average price is $63.41. The company has a debt-to-equity ratio of 4.95, a quick ratio of 1.47 and a current ratio of 1.47.

Frontdoor (NASDAQ:FTDR) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.07. Frontdoor had a return on equity of 118.62% and a net margin of 12.22%.The company had revenue of $451.00 million during the quarter, compared to analyst estimates of $442.28 million. During the same quarter last year, the company earned $0.64 earnings per share. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. Equities research analysts forecast that Frontdoor Inc. will post 4.48 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on FTDR. Weiss Ratings lowered Frontdoor from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 21st. Benchmark initiated coverage on shares of Frontdoor in a research report on Thursday, March 26th. They issued a “buy” rating and a $80.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $72.00.

Frontdoor Company 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.