Y Intercept Hong Kong Ltd Sells 6,700 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

Y Intercept Hong Kong Ltd reduced its position in Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 53.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 5,953 shares of the company's stock after selling 6,700 shares during the period. Y Intercept Hong Kong Ltd's holdings in Frontdoor were worth $325,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Meeder Asset Management Inc. lifted its stake in shares of Frontdoor by 362.8% during the 3rd quarter. Meeder Asset Management Inc. now owns 24,590 shares of the company's stock valued at $1,180,000 after buying an additional 19,277 shares in the last quarter. Verition Fund Management LLC lifted its position in shares of Frontdoor by 255.5% during the third quarter. Verition Fund Management LLC now owns 21,757 shares of the company's stock worth $1,044,000 after acquiring an additional 15,637 shares in the last quarter. Atria Investments Inc bought a new position in shares of Frontdoor in the third quarter worth $315,000. Geode Capital Management LLC grew its position in shares of Frontdoor by 3.7% in the third quarter. Geode Capital Management LLC now owns 2,113,474 shares of the company's stock valued at $101,442,000 after purchasing an additional 74,542 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in shares of Frontdoor by 315.3% during the 4th 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 period.

Frontdoor Price Performance

Shares of Frontdoor stock traded down $0.66 on Friday, hitting $40.07. 457,157 shares of the company traded hands, compared to its average volume of 777,465. Frontdoor, Inc. has a 12-month low of $29.41 and a 12-month high of $63.49. The firm's 50-day simple moving average is $56.05 and its 200 day simple moving average is $53.54. The company has a market cap of $3.00 billion, a P/E ratio of 13.27 and a beta of 1.18. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.16.

Remove Ads

Analyst Ratings Changes

FTDR has been the topic of a number of recent analyst reports. The Goldman Sachs Group lowered their price target on shares of Frontdoor from $46.00 to $40.00 and set a "sell" rating on the stock in a report on Monday. Truist Financial lifted their price objective on Frontdoor from $58.00 to $67.00 and gave the company a "buy" rating in a research note on Friday, February 14th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $50.25.

Insider Buying and Selling at Frontdoor

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