Holocene Advisors LP trimmed its stake in shares of Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 61.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,810 shares of the company's stock after selling 18,637 shares during the quarter. Holocene Advisors LP's holdings in Frontdoor were worth $567,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also modified their holdings of FTDR. Centiva Capital LP boosted its position in shares of Frontdoor by 100.3% during the 3rd quarter. Centiva Capital LP now owns 15,914 shares of the company's stock worth $764,000 after acquiring an additional 7,968 shares in the last quarter. ClearAlpha Technologies LP bought a new stake in shares of Frontdoor in the third quarter valued at approximately $249,000. Point72 Asia Singapore Pte. Ltd. raised its position in shares of Frontdoor by 210.9% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,931 shares of the company's stock valued at $237,000 after purchasing an additional 3,345 shares during the period. Point72 Hong Kong Ltd increased its stake in Frontdoor by 3,866.2% during the 3rd quarter. Point72 Hong Kong Ltd now owns 7,972 shares of the company's stock valued at $383,000 after purchasing an additional 7,771 shares in the last quarter. Finally, Edgestream Partners L.P. bought a new stake in Frontdoor during the 3rd quarter valued at about $656,000.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on FTDR shares. Truist Financial raised their price target on shares of Frontdoor from $56.00 to $58.00 and gave the company a "buy" rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. lifted their price objective on shares of Frontdoor from $45.00 to $55.00 and gave the company an "overweight" rating in a research report on Monday, August 12th. Finally, The Goldman Sachs Group boosted their price target on shares of Frontdoor from $41.00 to $46.00 and gave the stock a "sell" rating in a research report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $49.50.
Check Out Our Latest Report on Frontdoor
Frontdoor Stock Up 2.7 %
FTDR traded up $1.53 on Friday, reaching $58.80. The company's stock had a trading volume of 450,532 shares, compared to its average volume of 454,588. The company has a market capitalization of $4.46 billion, a price-to-earnings ratio of 19.47 and a beta of 1.08. Frontdoor, Inc. has a fifty-two week low of $29.41 and a fifty-two week high of $60.42. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.16. The stock has a 50 day moving average of $53.33 and a two-hundred day moving average of $45.26.
Frontdoor (NASDAQ:FTDR - Get Free Report) last issued 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. Frontdoor had a return on equity of 132.99% and a net margin of 12.87%. The business had revenue of $540.00 million during the quarter, compared to the consensus estimate of $541.88 million. During the same period in the previous year, the business earned $0.94 EPS. The business's quarterly revenue was up 3.1% on a year-over-year basis. As a group, analysts forecast that Frontdoor, Inc. will post 3.14 EPS for the current fiscal year.
Frontdoor Profile
(
Free Report)
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.
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