Frontdoor, Inc. (NASDAQ:FTDR) Shares Sold by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC decreased its stake in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 77.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 75,730 shares of the company’s stock after selling 255,089 shares during the period. Cubist Systematic Strategies LLC’s holdings in Frontdoor were worth $4,140,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Bessemer Group Inc. boosted its holdings in shares of Frontdoor by 514.7% in the fourth quarter. Bessemer Group Inc. now owns 627 shares of the company’s stock valued at $34,000 after acquiring an additional 525 shares in the last quarter. USA Financial Formulas bought a new position in Frontdoor during the 4th quarter valued at $60,000. TD Private Client Wealth LLC boosted its stake in Frontdoor by 12.9% during the 4th quarter. TD Private Client Wealth LLC now owns 1,597 shares of the company’s stock valued at $87,000 after purchasing an additional 183 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Frontdoor by 315.3% in 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. Finally, Nkcfo LLC bought a new stake in shares of Frontdoor in the 4th quarter worth $96,000.

Frontdoor Trading Down 0.7 %

Shares of NASDAQ FTDR opened at $53.12 on Friday. 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, Inc. has a 12 month low of $32.95 and a 12 month high of $63.49. The company has a market cap of $3.91 billion, a price-to-earnings ratio of 17.59 and a beta of 1.21. The business has a fifty day simple moving average of $40.88 and a 200-day simple moving average of $50.99.

Frontdoor (NASDAQ:FTDR) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.27. The company had revenue of $426.00 million during the quarter, compared to analyst estimates of $416.37 million. Frontdoor had a net margin of 12.87% and a return on equity of 132.99%. The business’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.44 earnings per share. Sell-side analysts predict that Frontdoor, Inc. will post 3.07 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. lowered Frontdoor from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $58.00 to $40.00 in a report on Tuesday, April 22nd. The Goldman Sachs Group lowered their price objective on shares of Frontdoor from $46.00 to $40.00 and set a “sell” rating on the stock in a research note on Monday, March 3rd. Finally, Truist Financial increased their target price on shares of Frontdoor from $58.00 to $67.00 and gave the company a “buy” rating in a research note on Friday, February 14th.

Frontdoor Company 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.