Tidal Investments LLC Sells 4,877 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

Tidal Investments LLC cut its holdings in Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 11.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,041 shares of the company's stock after selling 4,877 shares during the quarter. Tidal Investments LLC owned 0.05% of Frontdoor worth $2,080,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Frontdoor by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 9,674,278 shares of the company's stock valued at $528,893,000 after acquiring an additional 78,134 shares in the last quarter. FIL Ltd lifted its position in Frontdoor by 8.3% in 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 in the last quarter. Geode Capital Management LLC lifted its position in Frontdoor by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 2,127,553 shares of the company's stock valued at $116,336,000 after acquiring an additional 14,079 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its position in Frontdoor by 6.3% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,067,575 shares of the company's stock valued at $113,034,000 after acquiring an additional 122,981 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Frontdoor by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,791,666 shares of the company's stock valued at $97,952,000 after acquiring an additional 10,192 shares in the last quarter.

Frontdoor Stock Performance

Shares of NASDAQ FTDR traded down $0.41 during midday trading on Wednesday, hitting $54.57. 94,744 shares of the stock traded hands, compared to its average volume of 735,155. The firm has a 50-day moving average of $44.65 and a two-hundred day moving average of $51.14. The firm has a market capitalization of $4.02 billion, a P/E ratio of 18.05 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, Inc. has a one year low of $32.95 and a one year high of $63.49.

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

Wall Street Analyst Weigh In

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

About Frontdoor

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.