Moody Aldrich Partners LLC Purchases 61,017 Shares of Frontdoor Inc (NASDAQ:FTDR)

Moody Aldrich Partners LLC grew its position in shares of Frontdoor Inc (NASDAQ:FTDR) by 76.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 140,991 shares of the company’s stock after buying an additional 61,017 shares during the quarter. Frontdoor accounts for approximately 1.6% of Moody Aldrich Partners LLC’s holdings, making the stock its 18th largest position. Moody Aldrich Partners LLC owned approximately 0.17% of Frontdoor worth $6,140,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC purchased a new stake in shares of Frontdoor in the 1st quarter worth $210,453,000. Iridian Asset Management LLC CT purchased a new stake in Frontdoor in the 1st quarter worth $145,676,000. FIL Ltd purchased a new stake in Frontdoor in the 1st quarter worth $116,498,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in Frontdoor in the 1st quarter worth $59,584,000. Finally, Chilton Investment Co. LLC purchased a new stake in Frontdoor in the 1st quarter worth $34,011,000. 94.13% of the stock is currently owned by hedge funds and other institutional investors.

FTDR opened at $43.32 on Wednesday. The firm’s 50-day moving average is $44.44. Frontdoor Inc has a 52 week low of $20.66 and a 52 week high of $49.92. The company has a market cap of $3.76 billion and a P/E ratio of 24.47.

Frontdoor (NASDAQ:FTDR) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.12 by $0.07. The company had revenue of $271.00 million for the quarter, compared to the consensus estimate of $268.69 million. During the same period last year, the company earned $0.26 EPS. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. On average, equities research analysts predict that Frontdoor Inc will post 1.53 earnings per share for the current year.

In other Frontdoor news, Director Peter L. Cella purchased 7,000 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was purchased at an average price of $38.47 per share, with a total value of $269,290.00. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.09% of the stock is currently owned by company insiders.

A number of equities research analysts have issued reports on FTDR shares. Raymond James increased their price target on Frontdoor from $45.00 to $48.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 26th. Credit Suisse Group initiated coverage on shares of Frontdoor in a report on Thursday, April 18th. They set a “neutral” rating and a $40.00 price objective for the company. Buckingham Research downgraded shares of Frontdoor from a “buy” rating to a “neutral” rating and set a $49.00 price objective for the company. in a report on Wednesday, July 31st. Goldman Sachs Group initiated coverage on shares of Frontdoor in a report on Wednesday, April 24th. They set a “buy” rating and a $41.00 price objective for the company. Finally, Compass Point reissued a “buy” rating and set a $47.50 price objective (up previously from $45.00) on shares of Frontdoor in a report on Thursday, May 9th. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $43.91.

Frontdoor Company Profile

frontdoor, inc. provides home service plans in the United States. The company's home service plans cover the repair or replacement of components of up to 21 household systems and appliances, including electrical, plumbing, water heaters, refrigerators, dishwashers, and ranges/ovens/cooktops, as well as central heating, ventilation and air conditioning systems.

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Institutional Ownership by Quarter for Frontdoor (NASDAQ:FTDR)

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