D. E. Shaw & Co. Inc. Has $11.20 Million Stock Position in Frontdoor, Inc. (NASDAQ:FTDR)

D. E. Shaw & Co. Inc. reduced its holdings in shares of Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 56.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 204,843 shares of the company's stock after selling 269,935 shares during the period. D. E. Shaw & Co. Inc. owned about 0.27% of Frontdoor worth $11,199,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Wasatch Advisors LP purchased a new position in shares of Frontdoor in the 4th quarter worth approximately $56,507,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Frontdoor by 621.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 881,083 shares of the company's stock worth $48,169,000 after buying an additional 758,947 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Frontdoor in the 4th quarter worth approximately $17,465,000. Norges Bank acquired a new position in shares of Frontdoor in the 4th quarter valued at about $14,358,000. Finally, FIL Ltd grew its position in shares of Frontdoor by 8.3% during the 4th quarter. FIL Ltd now owns 2,410,561 shares of the company's stock valued at $131,785,000 after acquiring an additional 184,051 shares during the period.

Frontdoor Stock Down 0.6%

Shares of FTDR stock traded down $0.33 during trading hours on Monday, hitting $54.97. 60,428 shares of the company were exchanged, compared to its average volume of 738,505. The business's 50-day simple moving average is $42.38 and its two-hundred day simple moving average is $51.16. Frontdoor, Inc. has a one year low of $32.95 and a one year high of $63.49. The stock has a market capitalization of $4.04 billion, a price-to-earnings ratio of 18.19 and a beta of 1.21. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.42 and a current ratio of 1.42.

Frontdoor (NASDAQ:FTDR - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.64 EPS for the quarter, topping analysts' consensus estimates of $0.37 by $0.27. The company had revenue of $426.00 million for the quarter, compared to the consensus estimate of $416.37 million. Frontdoor had a net margin of 12.87% and a return on equity of 132.99%. Frontdoor's revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.44 EPS. Sell-side analysts predict that Frontdoor, Inc. will post 3.07 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.