Algert Global LLC Sells 60,571 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

Algert Global LLC lowered its stake in shares of Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 17.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 277,261 shares of the company's stock after selling 60,571 shares during the quarter. Algert Global LLC owned 0.37% of Frontdoor worth $15,158,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. AQR Capital Management LLC increased its position in shares of Frontdoor by 7.7% during the 4th quarter. AQR Capital Management LLC now owns 77,243 shares of the company's stock valued at $4,223,000 after purchasing an additional 5,555 shares during the last quarter. Lido Advisors LLC raised its holdings in Frontdoor by 22.7% during the 4th quarter. Lido Advisors LLC now owns 6,345 shares of the company's stock valued at $347,000 after acquiring an additional 1,173 shares during the period. Northern Trust Corp grew its position in shares of Frontdoor by 10.4% in the fourth quarter. Northern Trust Corp now owns 933,652 shares of the company's stock valued at $51,043,000 after purchasing an additional 88,215 shares in the last quarter. Tudor Investment Corp ET AL raised its stake in shares of Frontdoor by 34.6% during the 4th quarter. Tudor Investment Corp ET AL now owns 10,833 shares of the company's stock valued at $592,000 after purchasing an additional 2,782 shares during the period. Finally, Oberweis Asset Management Inc. lifted its holdings in Frontdoor by 13.6% during the 4th quarter. Oberweis Asset Management Inc. now owns 467,500 shares of the company's stock worth $25,558,000 after purchasing an additional 56,100 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on FTDR shares. Truist Financial boosted their price objective 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. The Goldman Sachs Group decreased 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, March 3rd. Finally, JPMorgan Chase & Co. cut Frontdoor from an "overweight" rating to a "neutral" rating and reduced their target price for the stock from $58.00 to $40.00 in a research report on Tuesday, April 22nd.

Frontdoor Price Performance

NASDAQ:FTDR traded down $0.18 during midday trading on Friday, hitting $53.29. The company had a trading volume of 232,097 shares, compared to its average volume of 736,845. The company has a market capitalization of $3.92 billion, a PE ratio of 17.65 and a beta of 1.21. 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 52-week low of $32.95 and a 52-week high of $63.49. The stock's fifty day moving average price is $40.66 and its 200-day moving average price is $50.96.

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

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.