Headlands Technologies LLC Sells 8,502 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

Headlands Technologies LLC trimmed its position in shares of Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 77.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,484 shares of the company's stock after selling 8,502 shares during the period. Headlands Technologies LLC's holdings in Frontdoor were worth $136,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in FTDR. Verition Fund Management LLC grew its holdings in Frontdoor by 255.5% in the 3rd quarter. Verition Fund Management LLC now owns 21,757 shares of the company's stock valued at $1,044,000 after buying an additional 15,637 shares during the last quarter. Blue Trust Inc. increased its position in Frontdoor by 315.3% during the fourth quarter. Blue Trust Inc. now owns 1,632 shares of the company's stock worth $89,000 after acquiring an additional 1,239 shares during the period. Geode Capital Management LLC increased its position in Frontdoor by 3.7% during the third quarter. Geode Capital Management LLC now owns 2,113,474 shares of the company's stock worth $101,442,000 after acquiring an additional 74,542 shares during the period. Oppenheimer & Co. Inc. acquired a new position in Frontdoor during the 4th quarter valued at $467,000. Finally, Atria Investments Inc boosted its holdings in Frontdoor by 4.9% in the 4th quarter. Atria Investments Inc now owns 6,894 shares of the company's stock valued at $377,000 after purchasing an additional 325 shares during the period.

Frontdoor Price Performance

NASDAQ FTDR traded down $1.23 during trading on Thursday, reaching $38.50. 408,676 shares of the company traded hands, compared to its average volume of 726,854. Frontdoor, Inc. has a 1-year low of $29.41 and a 1-year high of $63.49. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.42 and a current ratio of 1.42. The stock's 50 day moving average price is $46.12 and its two-hundred day moving average price is $51.80. The company has a market cap of $2.87 billion, a price-to-earnings ratio of 12.75 and a beta of 1.19.

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Analysts Set New Price Targets

A number of brokerages have recently commented on FTDR. The Goldman Sachs Group cut their price objective 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. Truist Financial lifted their price objective on Frontdoor from $58.00 to $67.00 and gave the stock a "buy" rating in a report on Friday, February 14th. One equities research 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 data from MarketBeat.com, Frontdoor has an average rating of "Hold" and an average price target of $50.25.

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.