Fmr LLC Sells 65,285 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

FMR LLC decreased its stake in Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 7.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 835,662 shares of the company's stock after selling 65,285 shares during the quarter. FMR LLC owned 1.10% of Frontdoor worth $40,103,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in FTDR. GAMMA Investing LLC lifted its stake in Frontdoor by 90.7% in the second quarter. GAMMA Investing LLC now owns 879 shares of the company's stock valued at $30,000 after buying an additional 418 shares during the period. Diversified Trust Co acquired a new position in Frontdoor in the second quarter valued at about $400,000. Swedbank AB lifted its stake in Frontdoor by 112.7% in the second quarter. Swedbank AB now owns 1,210,600 shares of the company's stock valued at $40,906,000 after buying an additional 641,476 shares during the period. Reinhart Partners LLC. lifted its stake in Frontdoor by 1.8% in the second quarter. Reinhart Partners LLC. now owns 2,330,937 shares of the company's stock valued at $78,762,000 after buying an additional 42,169 shares during the period. Finally, Gladius Capital Management LP acquired a new position in Frontdoor in the second quarter valued at about $143,000.

Frontdoor Stock Down 2.2 %

FTDR stock traded down $1.28 during mid-day trading on Monday, reaching $57.52. The company had a trading volume of 680,128 shares, compared to its average volume of 705,397. 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 stock has a 50 day simple moving average of $53.33 and a two-hundred day simple moving average of $45.26. The company has a market capitalization of $4.36 billion, a price-to-earnings ratio of 19.50 and a beta of 1.08. Frontdoor, Inc. has a 52 week low of $29.41 and a 52 week high of $60.42.

Frontdoor (NASDAQ:FTDR - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The company reported $1.38 earnings per share for the quarter, beating analysts' consensus estimates of $1.05 by $0.33. The firm had revenue of $540.00 million during the quarter, compared to the consensus estimate of $541.88 million. Frontdoor had a return on equity of 132.99% and a net margin of 12.87%. The business's revenue was up 3.1% compared to the same quarter last year. During the same period last year, the company earned $0.94 earnings per share. As a group, equities analysts predict that Frontdoor, Inc. will post 3.14 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. increased their target price on Frontdoor from $45.00 to $55.00 and gave the company an "overweight" rating in a research note on Monday, August 12th. The Goldman Sachs Group raised their price target on Frontdoor from $41.00 to $46.00 and gave the stock a "sell" rating in a research report on Tuesday, November 5th. Finally, Truist Financial lifted their target price on Frontdoor from $56.00 to $58.00 and gave the company a "buy" rating in a research report on Tuesday, November 5th. One equities 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. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $49.50.

Frontdoor 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.