Frontdoor, Inc. (NASDAQ:FTDR) Shares Sold by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP reduced its position in Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 47.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,329 shares of the company's stock after selling 15,642 shares during the period. Brevan Howard Capital Management LP's holdings in Frontdoor were worth $947,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Bessemer Group Inc. raised its position in Frontdoor by 514.7% during the fourth quarter. Bessemer Group Inc. now owns 627 shares of the company's stock worth $34,000 after acquiring an additional 525 shares during the period. USA Financial Formulas purchased a new stake in shares of Frontdoor during the fourth quarter worth about $60,000. TD Private Client Wealth LLC raised its position in shares of Frontdoor by 12.9% during the 4th quarter. TD Private Client Wealth LLC now owns 1,597 shares of the company's stock worth $87,000 after purchasing an additional 183 shares during the last quarter. Blue Trust Inc. lifted its stake in Frontdoor by 315.3% in the 4th quarter. Blue Trust Inc. now owns 1,632 shares of the company's stock valued at $89,000 after buying an additional 1,239 shares in the last quarter. Finally, Nkcfo LLC acquired a new stake in Frontdoor in the 4th quarter worth about $96,000.

Analysts Set New Price Targets

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

Frontdoor Price Performance

FTDR traded down $0.35 during trading on Friday, reaching $53.12. The company's stock had a trading volume of 518,354 shares, compared to its average volume of 739,563. 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 firm has a fifty day simple moving average of $40.88 and a two-hundred day simple moving average of $50.99. The company has a market cap of $3.91 billion, a price-to-earnings ratio of 17.59 and a beta of 1.21. Frontdoor, Inc. has a 1 year low of $32.95 and a 1 year high of $63.49.

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