State of Wyoming Decreases Stake in Frontdoor, Inc. (NASDAQ:FTDR)

State of Wyoming reduced its position in Frontdoor, Inc. (NASDAQ:FTDR) by 7.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,379 shares of the company’s stock after selling 1,325 shares during the period. State of Wyoming’s holdings in Frontdoor were worth $841,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. ProShare Advisors LLC lifted its position in shares of Frontdoor by 41.9% during the fourth quarter. ProShare Advisors LLC now owns 23,189 shares of the company’s stock worth $1,268,000 after purchasing an additional 6,851 shares during the last quarter. Quantinno Capital Management LP increased its stake in shares of Frontdoor by 0.8% in the fourth quarter. Quantinno Capital Management LP now owns 24,212 shares of the company’s stock valued at $1,324,000 after purchasing an additional 183 shares during the period. Man Group plc increased its stake in shares of Frontdoor by 4.8% in the fourth quarter. Man Group plc now owns 346,229 shares of the company’s stock valued at $18,928,000 after purchasing an additional 15,886 shares during the period. Nomura Holdings Inc. increased its stake in shares of Frontdoor by 406.4% in the fourth quarter. Nomura Holdings Inc. now owns 42,017 shares of the company’s stock valued at $2,297,000 after purchasing an additional 33,720 shares during the period. Finally, NDVR Inc. acquired a new stake in shares of Frontdoor in the fourth quarter valued at approximately $225,000.

Analysts Set New Price Targets

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

Frontdoor Stock Performance

Shares of FTDR opened at $55.30 on Friday. The company has a market capitalization of $4.07 billion, a PE ratio of 18.31 and a beta of 1.21. Frontdoor, Inc. has a one year low of $32.95 and a one year high of $63.49. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.42 and a quick ratio of 1.42. The company’s fifty day moving average price is $42.38 and its 200 day moving average price is $51.15.

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

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.