Voloridge Investment Management LLC Sells 251,289 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

Voloridge Investment Management LLC lessened its holdings in Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 85.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 42,628 shares of the company's stock after selling 251,289 shares during the period. Voloridge Investment Management LLC owned 0.06% of Frontdoor worth $2,330,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. TD Private Client Wealth LLC increased its position in shares of Frontdoor by 12.9% in the fourth quarter. TD Private Client Wealth LLC now owns 1,597 shares of the company's stock worth $87,000 after purchasing an additional 183 shares during the period. Quantinno Capital Management LP boosted 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 buying an additional 183 shares in the last quarter. Willis Investment Counsel boosted its stake in Frontdoor by 0.4% in the fourth quarter. Willis Investment Counsel now owns 46,753 shares of the company's stock valued at $2,556,000 after buying an additional 185 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in Frontdoor by 8.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,880 shares of the company's stock valued at $157,000 after buying an additional 221 shares in the last quarter. Finally, Mariner LLC boosted its stake in Frontdoor by 4.0% in the fourth quarter. Mariner LLC now owns 7,311 shares of the company's stock valued at $400,000 after buying an additional 284 shares in the last quarter.

Wall Street Analyst Weigh In

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

Frontdoor Stock Up 0.9%

Shares of NASDAQ:FTDR traded up $0.51 during mid-day trading on Friday, hitting $55.17. 696,884 shares of the company traded hands, compared to its average volume of 740,356. The stock has a market cap of $4.06 billion, a P/E ratio of 18.27 and a beta of 1.21. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.16. Frontdoor, Inc. has a 12-month low of $32.95 and a 12-month high of $63.49. The stock has a 50-day moving average price of $45.64 and a two-hundred day moving average price of $51.06.

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