Frontdoor, Inc. (NASDAQ:FTDR) Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd decreased its position in Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 70.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,653 shares of the company's stock after selling 29,777 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Frontdoor were worth $607,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in FTDR. Exchange Traded Concepts LLC acquired a new position in Frontdoor during the 3rd quarter worth about $27,000. V Square Quantitative Management LLC acquired a new position in shares of Frontdoor in the third quarter worth $31,000. Isthmus Partners LLC increased its position in shares of Frontdoor by 0.5% during the second quarter. Isthmus Partners LLC now owns 110,249 shares of the company's stock worth $37,000 after acquiring an additional 603 shares during the period. Quarry LP raised its stake in shares of Frontdoor by 468.1% in the second quarter. Quarry LP now owns 1,085 shares of the company's stock valued at $37,000 after acquiring an additional 894 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Frontdoor by 89.6% in the third quarter. GAMMA Investing LLC now owns 1,667 shares of the company's stock valued at $80,000 after purchasing an additional 788 shares during the period.

Frontdoor Stock Down 0.6 %

FTDR stock traded down $0.38 during midday trading on Friday, reaching $58.93. 423,258 shares of the company were exchanged, compared to its average volume of 703,679. Frontdoor, Inc. has a 1-year low of $29.41 and a 1-year high of $60.42. The company has a market cap of $4.47 billion, a price-to-earnings ratio of 19.51 and a beta of 1.08. 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 simple moving average is $54.46 and its 200 day simple moving average is $46.10.

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, topping the consensus estimate of $1.05 by $0.33. Frontdoor had a return on equity of 132.99% and a net margin of 12.87%. The firm had revenue of $540.00 million during the quarter, compared to the consensus estimate of $541.88 million. During the same period last year, the company earned $0.94 earnings per share. The company's revenue for the quarter was up 3.1% on a year-over-year basis. On average, equities analysts forecast that Frontdoor, Inc. will post 3.14 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on FTDR. Truist Financial upped their price target on Frontdoor from $56.00 to $58.00 and gave the stock a "buy" rating in a report on Tuesday, November 5th. The Goldman Sachs Group raised their target price on shares of Frontdoor from $41.00 to $46.00 and gave the company a "sell" rating in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. According to MarketBeat, Frontdoor currently has an average rating of "Hold" and an average target price of $49.50.

Insider Activity at Frontdoor

In other Frontdoor news, SVP Kathryn M. Collins sold 25,784 shares of Frontdoor stock in a transaction dated 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 completion of the sale, the senior vice president now owns 9,429 shares in the company, valued at $547,447.74. The trade was a 73.22 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Evan Iverson sold 16,000 shares of the business'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 transaction of $941,440.00. Following the completion of the sale, the chief operating officer now owns 4,955 shares of the company's stock, valued at approximately $291,552.20. The trade was a 76.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.29% of the stock is owned by corporate insiders.

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.