Hsbc Holdings PLC Lowers Holdings in Frontdoor, Inc. (NASDAQ:FTDR)

Hsbc Holdings PLC lowered its position in shares of Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 52.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,993 shares of the company's stock after selling 29,134 shares during the period. Hsbc Holdings PLC's holdings in Frontdoor were worth $1,430,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Tidal Investments LLC lifted its position in Frontdoor by 36.0% in the 3rd quarter. Tidal Investments LLC now owns 42,918 shares of the company's stock worth $2,060,000 after buying an additional 11,369 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Frontdoor by 26.0% in the 4th quarter. GAMMA Investing LLC now owns 2,100 shares of the company's stock worth $115,000 after acquiring an additional 433 shares during the last quarter. Nordea Investment Management AB grew its holdings in shares of Frontdoor by 4.6% during the 4th quarter. Nordea Investment Management AB now owns 263,387 shares of the company's stock valued at $14,544,000 after purchasing an additional 11,671 shares during the last quarter. Diversified Trust Co raised its position in Frontdoor by 11.1% in the 4th quarter. Diversified Trust Co now owns 13,475 shares of the company's stock worth $737,000 after purchasing an additional 1,345 shares during the period. Finally, USA Financial Formulas purchased a new position in Frontdoor in the 4th quarter worth $60,000.

Analyst Upgrades and Downgrades

FTDR has been the topic of a number of recent research reports. JPMorgan Chase & Co. downgraded Frontdoor from an "overweight" rating to a "neutral" rating and decreased their price objective for the stock from $58.00 to $40.00 in a report on Tuesday, April 22nd. Truist Financial increased 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 decreased their target price on shares of Frontdoor from $46.00 to $40.00 and set a "sell" rating on the stock in a research note on Monday, March 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $46.50.

Frontdoor Trading Up 1.6 %

Shares of NASDAQ:FTDR traded up $0.81 on Monday, hitting $52.31. The company had a trading volume of 1,116,992 shares, compared to its average volume of 739,707. Frontdoor, Inc. has a 1 year low of $32.95 and a 1 year high of $63.49. The firm has a market capitalization of $3.90 billion, a price-to-earnings ratio of 17.32 and a beta of 1.21. The firm's 50-day simple moving average is $40.11 and its two-hundred day simple moving average is $50.92. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.16.

Frontdoor (NASDAQ:FTDR - Get Free Report) last issued its quarterly earnings results 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. The company 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 firm's revenue for the quarter was up 12.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.44 earnings per share. Equities analysts anticipate that Frontdoor, Inc. will post 3.07 earnings per share for the current fiscal 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.