Frontdoor, Inc. (NASDAQ:FTDR) Shares Sold by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC reduced its stake in Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 77.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,730 shares of the company's stock after selling 255,089 shares during the quarter. Cubist Systematic Strategies LLC owned about 0.10% of Frontdoor worth $4,140,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bessemer Group Inc. lifted its position in shares of Frontdoor by 514.7% in the fourth quarter. Bessemer Group Inc. now owns 627 shares of the company's stock valued at $34,000 after acquiring an additional 525 shares in the last quarter. USA Financial Formulas purchased a new position in Frontdoor during the fourth quarter worth about $60,000. TD Private Client Wealth LLC lifted its position in Frontdoor by 12.9% during the fourth quarter. TD Private Client Wealth LLC now owns 1,597 shares of the company's stock worth $87,000 after buying an additional 183 shares during the period. Blue Trust Inc. lifted its position in Frontdoor by 315.3% during the fourth quarter. Blue Trust Inc. now owns 1,632 shares of the company's stock worth $89,000 after buying an additional 1,239 shares during the period. Finally, Nkcfo LLC purchased a new position in Frontdoor during the fourth quarter worth about $96,000.

Frontdoor Trading Up 1.2%

Shares of Frontdoor stock traded up $0.68 during trading hours on Thursday, reaching $54.75. The stock had a trading volume of 231,735 shares, compared to its average volume of 737,553. The firm has a 50 day simple moving average of $41.70 and a two-hundred day simple moving average of $51.07. The firm has a market capitalization of $4.03 billion, a price-to-earnings ratio of 18.16 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 1 year low of $32.95 and a 1 year high of $63.49.

Frontdoor (NASDAQ:FTDR - Get Free Report) last posted 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. Frontdoor had a return on equity of 132.99% and a net margin of 12.87%. The business had revenue of $426.00 million during the quarter, compared to analyst estimates of $416.37 million. During the same quarter last year, the firm earned $0.44 earnings per share. The company's revenue for the quarter was up 12.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Frontdoor, Inc. will post 3.07 earnings per share for the current year.

Analyst Ratings Changes

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

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.