AlphaQuest LLC Decreases Stake in Frontdoor Inc. $FTDR

Key Points

• AlphaQuest LLC significantly reduced its stake in Frontdoor Inc. by 54.4% in the 1st quarter, leaving it with 6,469 shares valued at approximately $249,000.
• Insider trading revealed that SVP Jeffrey Fiarman sold 129,673 shares for over $7.2 million, resulting in a significant decrease in their ownership.
• Frontdoor's stock saw mixed analyst ratings, with target prices being raised by institutions including Oppenheimer and Truist, indicating a consensus rating of "Moderate Buy".

AlphaQuest LLC decreased its stake in shares of Frontdoor Inc. (NASDAQ:FTDR - Free Report) by 54.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,469 shares of the company's stock after selling 7,720 shares during the period. AlphaQuest LLC's holdings in Frontdoor were worth $249,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Principal Financial Group Inc. raised its stake in Frontdoor by 2.3% during the first quarter. Principal Financial Group Inc. now owns 408,982 shares of the company's stock worth $15,713,000 after acquiring an additional 9,161 shares during the period. GAMMA Investing LLC increased its stake in shares of Frontdoor by 16.5% in the first quarter. GAMMA Investing LLC now owns 2,447 shares of the company's stock valued at $94,000 after purchasing an additional 347 shares during the period. Oppenheimer Asset Management Inc. increased its stake in shares of Frontdoor by 48.7% during the first quarter. Oppenheimer Asset Management Inc. now owns 24,317 shares of the company's stock valued at $934,000 after acquiring an additional 7,967 shares during the period. New York State Common Retirement Fund increased its stake in shares of Frontdoor by 775.3% during the first quarter. New York State Common Retirement Fund now owns 212,552 shares of the company's stock valued at $8,166,000 after acquiring an additional 188,268 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in shares of Frontdoor by 126.1% during the first quarter. Envestnet Asset Management Inc. now owns 138,646 shares of the company's stock valued at $5,327,000 after acquiring an additional 77,330 shares during the period.

Insider Buying and Selling

In other news, SVP Jeffrey Fiarman sold 129,673 shares of the company's stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $56.15, for a total transaction of $7,281,138.95. Following the transaction, the senior vice president directly owned 34,646 shares in the company, valued at approximately $1,945,372.90. This represents a 78.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.48% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

FTDR has been the subject of a number of research reports. JPMorgan Chase & Co. raised their target price on shares of Frontdoor from $50.00 to $55.00 and gave the stock a "neutral" rating in a report on Tuesday, June 3rd. The Goldman Sachs Group raised their price objective on shares of Frontdoor from $44.00 to $50.00 and gave the stock a "sell" rating in a research note on Wednesday, August 6th. Oppenheimer lifted their target price on shares of Frontdoor from $56.00 to $63.00 and gave the company an "outperform" rating in a research note on Wednesday, August 6th. Zacks Research upgraded shares of Frontdoor from a "hold" rating to a "strong-buy" rating in a report on Wednesday. Finally, Truist Financial lifted 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. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Frontdoor presently has a consensus rating of "Moderate Buy" and an average price target of $59.75.

Frontdoor Price Performance

Shares of Frontdoor stock opened at $60.75 on Friday. The firm has a market cap of $4.43 billion, a P/E ratio of 17.92 and a beta of 1.32. Frontdoor Inc. has a twelve month low of $35.61 and a twelve month high of $64.91. 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's 50-day simple moving average is $58.58 and its 200-day simple moving average is $51.46.

Frontdoor (NASDAQ:FTDR - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $1.63 EPS for the quarter, beating analysts' consensus estimates 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% compared to the same quarter last year. During the same period in the previous year, the business earned $1.27 earnings per share. Frontdoor has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, research analysts expect that Frontdoor Inc. will post 3.07 EPS for the current fiscal 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.

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