Tidal Investments LLC Sells 4,877 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

Tidal Investments LLC trimmed its stake in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 11.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 38,041 shares of the company’s stock after selling 4,877 shares during the period. Tidal Investments LLC’s holdings in Frontdoor were worth $2,080,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of FTDR. Vanguard Group Inc. raised its position in Frontdoor by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 9,674,278 shares of the company’s stock worth $528,893,000 after purchasing an additional 78,134 shares during the last quarter. FIL Ltd increased its stake in shares of Frontdoor by 8.3% in the 4th quarter. FIL Ltd now owns 2,410,561 shares of the company’s stock valued at $131,785,000 after buying an additional 184,051 shares during the period. Geode Capital Management LLC raised its position in shares of Frontdoor by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 2,127,553 shares of the company’s stock worth $116,336,000 after acquiring an additional 14,079 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its position in shares of Frontdoor by 6.3% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,067,575 shares of the company’s stock worth $113,034,000 after acquiring an additional 122,981 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Frontdoor by 0.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,791,666 shares of the company’s stock valued at $97,952,000 after acquiring an additional 10,192 shares during the period.

Analyst Ratings Changes

A number of brokerages recently commented on FTDR. JPMorgan Chase & Co. lowered Frontdoor from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $58.00 to $40.00 in a research report on Tuesday, April 22nd. Truist Financial raised their target price on shares of Frontdoor from $58.00 to $67.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Finally, The Goldman Sachs Group dropped their price target on shares of Frontdoor from $46.00 to $40.00 and set a “sell” rating for the company in a research note on Monday, March 3rd.

Frontdoor Stock Up 1.4%

NASDAQ:FTDR opened at $53.70 on Friday. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.16. Frontdoor, Inc. has a 12-month low of $32.95 and a 12-month high of $63.49. The stock’s fifty day simple moving average is $43.66 and its 200-day simple moving average is $51.24. The firm has a market capitalization of $3.95 billion, a P/E ratio of 17.78 and a beta of 1.21.

Frontdoor (NASDAQ:FTDR) last issued its earnings results on Thursday, May 1st. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.27. The firm had revenue of $426.00 million for the quarter, compared to analysts’ expectations of $416.37 million. Frontdoor had a return on equity of 132.99% and a net margin of 12.87%. The company’s revenue was up 12.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.44 earnings per share. Equities research analysts expect that Frontdoor, Inc. will post 3.07 earnings per share for the current year.

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.