Jane Street Group LLC Cuts Stake in Frontdoor, Inc. (NASDAQ:FTDR)

Jane Street Group LLC trimmed its position in Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 67.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 66,419 shares of the company's stock after selling 139,637 shares during the period. Jane Street Group LLC owned 0.09% of Frontdoor worth $3,631,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. USA Financial Formulas bought a new position in Frontdoor during the 4th quarter worth $60,000. Janney Montgomery Scott LLC grew its holdings in Frontdoor by 37.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 41,971 shares of the company's stock worth $2,295,000 after acquiring an additional 11,385 shares during the period. Blue Trust Inc. grew its holdings in Frontdoor by 332.8% during the 4th quarter. Blue Trust Inc. now owns 1,701 shares of the company's stock worth $93,000 after acquiring an additional 1,308 shares during the period. Pacer Advisors Inc. grew its holdings in Frontdoor by 4.8% during the 4th quarter. Pacer Advisors Inc. now owns 7,854 shares of the company's stock worth $429,000 after acquiring an additional 357 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC acquired a new stake in Frontdoor during the 4th quarter worth about $222,000.

Analysts Set New Price Targets

FTDR has been the subject of several research reports. JPMorgan Chase & Co. downgraded Frontdoor from an "overweight" rating to a "neutral" rating and reduced their target price for the company from $58.00 to $40.00 in a research note on Tuesday, April 22nd. The Goldman Sachs Group dropped their target price on shares of Frontdoor from $46.00 to $40.00 and set a "sell" rating on the stock in a research report on Monday, March 3rd. Finally, Truist Financial lifted their price target on shares of Frontdoor from $58.00 to $67.00 and gave the stock a "buy" rating in a report on Friday, February 14th.

Frontdoor Trading Up 0.5%

Shares of NASDAQ:FTDR traded up $0.25 during midday trading on Friday, hitting $55.30. 451,289 shares of the stock traded hands, compared to its average volume of 741,207. The stock has a market capitalization of $4.07 billion, a PE ratio of 18.31 and a beta of 1.21. The business's 50 day moving average is $42.38 and its two-hundred day moving average is $51.16. 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, 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 (EPS) for the quarter, topping analysts' consensus estimates of $0.37 by $0.27. The company had revenue of $426.00 million during the quarter, compared to the consensus estimate of $416.37 million. Frontdoor had a net margin of 12.87% and a return on equity of 132.99%. Frontdoor's revenue 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. As a group, 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.