Clark Estates Inc. NY Sells 37,505 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

Clark Estates Inc. NY reduced its position in shares of Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 40.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,995 shares of the company's stock after selling 37,505 shares during the period. Clark Estates Inc. NY owned about 0.07% of Frontdoor worth $3,061,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. USA Financial Formulas acquired a new position in shares of Frontdoor during the fourth quarter worth about $60,000. TD Private Client Wealth LLC acquired a new position in Frontdoor during the third quarter valued at approximately $68,000. Blue Trust Inc. boosted its position in Frontdoor by 315.3% during the fourth quarter. Blue Trust Inc. now owns 1,632 shares of the company's stock valued at $89,000 after purchasing an additional 1,239 shares during the last quarter. Nkcfo LLC acquired a new position in Frontdoor during the fourth quarter valued at approximately $96,000. Finally, GAMMA Investing LLC boosted its position in Frontdoor by 26.0% during the fourth quarter. GAMMA Investing LLC now owns 2,100 shares of the company's stock valued at $115,000 after purchasing an additional 433 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research analysts recently commented on FTDR shares. The Goldman Sachs Group reduced their price target on Frontdoor from $46.00 to $40.00 and set a "sell" rating for the company in a research report on Monday, March 3rd. Truist Financial increased their price target on Frontdoor from $58.00 to $67.00 and gave the company a "buy" rating in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $50.25.

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Frontdoor Stock Performance

NASDAQ:FTDR traded down $1.29 on Friday, hitting $39.44. The company's stock had a trading volume of 1,079,145 shares, compared to its average volume of 792,519. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.16. The stock has a fifty day moving average of $56.05 and a two-hundred day moving average of $53.54. The firm has a market capitalization of $2.95 billion, a P/E ratio of 13.06 and a beta of 1.18. Frontdoor, Inc. has a one year low of $29.41 and a one year high of $63.49.

Insider Buying and Selling at Frontdoor

In other Frontdoor news, SVP Kathryn M. Collins sold 25,784 shares of the company's stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $58.06, for a total value of $1,497,019.04. Following the sale, the senior vice president now owns 9,429 shares in the company, valued at $547,447.74. This represents a 73.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Evan Iverson sold 16,000 shares of the company's stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $58.84, for a total value of $941,440.00. Following the completion of the sale, the chief operating officer now owns 4,955 shares in the company, valued at $291,552.20. This represents a 76.35 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.89% of the company's stock.

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.