Algert Global LLC Sells 206,774 Shares of Frontdoor Inc. $FTDR

Key Points

• Algert Global LLC has significantly reduced its stake in Frontdoor Inc. by selling 206,774 shares, leading to a 74.6% decrease in their holdings during the first quarter.
• Despite the sale by Algert Global, other institutional investors like Wells Fargo and Envestnet Asset Management have increased their positions in Frontdoor during the previous quarter.
• Frontdoor's latest earnings report showed an EPS of $1.63, surpassing analysts' expectations, with revenue up 13.8% year-over-year, indicating strong financial performance.

Algert Global LLC reduced its position in shares of Frontdoor Inc. (NASDAQ:FTDR - Free Report) by 74.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 70,487 shares of the company's stock after selling 206,774 shares during the period. Algert Global LLC owned about 0.10% of Frontdoor worth $2,708,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quantinno Capital Management LP increased its stake in Frontdoor by 0.8% in the fourth quarter. Quantinno Capital Management LP now owns 24,212 shares of the company's stock valued at $1,324,000 after purchasing an additional 183 shares during the period. Mariner LLC increased its stake in shares of Frontdoor by 4.0% during the fourth quarter. Mariner LLC now owns 7,311 shares of the company's stock worth $400,000 after acquiring an additional 284 shares during the period. Xponance Inc. boosted its holdings in Frontdoor by 5.0% during the first quarter. Xponance Inc. now owns 5,971 shares of the company's stock worth $229,000 after buying an additional 285 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Frontdoor by 16.5% during the first quarter. GAMMA Investing LLC now owns 2,447 shares of the company's stock worth $94,000 after buying an additional 347 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its holdings in shares of Frontdoor by 2.9% in the first quarter. DekaBank Deutsche Girozentrale now owns 13,172 shares of the company's stock valued at $492,000 after purchasing an additional 368 shares in the last quarter.

Frontdoor Stock Up 0.3%

Shares of FTDR stock traded up $0.1880 during trading on Monday, hitting $59.9480. 247,316 shares of the company were exchanged, compared to its average volume of 742,860. The company has a debt-to-equity ratio of 4.56, a quick ratio of 1.49 and a current ratio of 1.49. The firm has a market capitalization of $4.37 billion, a price-to-earnings ratio of 17.67 and a beta of 1.32. The business's 50-day simple moving average is $58.25 and its 200 day simple moving average is $51.27. Frontdoor Inc. has a twelve month low of $35.61 and a twelve month high of $64.91.

Frontdoor (NASDAQ:FTDR - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.19. The firm had revenue of $617.00 million for the quarter, compared to analyst estimates of $602.62 million. Frontdoor had a net margin of 13.07% and a return on equity of 125.21%. The company's revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.27 earnings per share. Frontdoor has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, analysts forecast that Frontdoor Inc. will post 3.07 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of Frontdoor from $50.00 to $55.00 and gave the company a "neutral" rating in a research note on Tuesday, June 3rd. Oppenheimer increased their price objective on shares of Frontdoor from $56.00 to $63.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 6th. The Goldman Sachs Group upped their target price on shares of Frontdoor from $44.00 to $50.00 and gave the company a "sell" rating in a research note on Wednesday, August 6th. Finally, Truist Financial increased their price objective on shares of Frontdoor from $67.00 to $71.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $59.75.

Insider Transactions at Frontdoor

In other Frontdoor news, SVP Jeffrey Fiarman sold 129,673 shares of the business's stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $56.15, for a total value of $7,281,138.95. Following the sale, the senior vice president owned 34,646 shares of the company's stock, valued at $1,945,372.90. The trade was a 78.92% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.48% of the stock is owned by company insiders.

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.