D. E. Shaw & Co. Inc. Sells 269,935 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

D. E. Shaw & Co. Inc. lessened its position in Frontdoor, Inc. (NASDAQ:FTDR) by 56.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 204,843 shares of the company’s stock after selling 269,935 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.27% of Frontdoor worth $11,199,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. USA Financial Formulas bought a new position in shares of Frontdoor in the fourth quarter worth about $60,000. Janney Montgomery Scott LLC grew its holdings in Frontdoor by 37.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 41,971 shares of the company’s stock valued at $2,295,000 after buying an additional 11,385 shares during the last quarter. Blue Trust Inc. increased its position in Frontdoor by 332.8% in the 4th quarter. Blue Trust Inc. now owns 1,701 shares of the company’s stock worth $93,000 after buying an additional 1,308 shares during the period. Pacer Advisors Inc. increased its position in Frontdoor by 4.8% in the 4th quarter. Pacer Advisors Inc. now owns 7,854 shares of the company’s stock worth $429,000 after buying an additional 357 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC acquired a new position in shares of Frontdoor during the fourth quarter worth approximately $222,000.

Wall Street Analysts Forecast Growth

Several research firms recently commented on FTDR. JPMorgan Chase & Co. cut shares of Frontdoor from an “overweight” rating to a “neutral” rating and cut their target price for the company from $58.00 to $40.00 in a research note on Tuesday, April 22nd. Truist Financial lifted 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. Finally, The Goldman Sachs Group lowered 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.

Frontdoor Stock Down 0.9%

FTDR opened at $54.27 on Wednesday. The company has a market capitalization of $3.99 billion, a P/E ratio of 17.97 and a beta of 1.21. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.42 and a quick ratio of 1.42. The firm’s fifty day moving average price is $41.41 and its two-hundred day moving average price is $51.05. Frontdoor, Inc. has a fifty-two week low of $32.95 and a fifty-two week high of $63.49.

Frontdoor (NASDAQ:FTDR) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.64 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%. The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period last year, the firm earned $0.44 EPS. On average, analysts anticipate that Frontdoor, Inc. will post 3.07 EPS for the current year.

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.