Frontdoor, Inc. (NASDAQ:FTDR) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets decreased its holdings in shares of Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 89.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,741 shares of the company's stock after selling 160,117 shares during the quarter. BNP Paribas Financial Markets' holdings in Frontdoor were worth $1,079,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in FTDR. Janney Montgomery Scott LLC lifted its stake in Frontdoor by 37.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 41,971 shares of the company's stock valued at $2,295,000 after buying an additional 11,385 shares during the last quarter. Blue Trust Inc. lifted its stake in Frontdoor by 332.8% in the fourth quarter. Blue Trust Inc. now owns 1,701 shares of the company's stock valued at $93,000 after buying an additional 1,308 shares during the last quarter. Pacer Advisors Inc. lifted its stake in Frontdoor by 4.8% in the fourth quarter. Pacer Advisors Inc. now owns 7,854 shares of the company's stock valued at $429,000 after buying an additional 357 shares during the last quarter. Patriot Financial Group Insurance Agency LLC purchased a new stake in Frontdoor in the fourth quarter valued at approximately $222,000. Finally, Robeco Institutional Asset Management B.V. lifted its stake in Frontdoor by 188.7% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 76,232 shares of the company's stock valued at $4,168,000 after buying an additional 49,823 shares during the last quarter.

Analyst Upgrades and Downgrades

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

Frontdoor Stock Performance

Shares of NASDAQ:FTDR traded down $0.17 during trading on Monday, reaching $53.53. The company had a trading volume of 377,936 shares, compared to its average volume of 738,237. The firm has a market capitalization of $3.94 billion, a price-to-earnings ratio of 17.73 and a beta of 1.21. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.42 and a quick ratio of 1.42. The stock's fifty day moving average price is $44.30 and its 200 day moving average price is $51.11. Frontdoor, Inc. has a fifty-two week low of $32.95 and a fifty-two week high of $63.49.

Frontdoor (NASDAQ:FTDR - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.27. The business had revenue of $426.00 million for 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%. The company's revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 earnings per share. As a group, equities research analysts predict 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.