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

D. E. Shaw & Co. Inc. trimmed its stake in Frontdoor, Inc. (NASDAQ:FTDR) by 56.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 204,843 shares of the company’s stock after selling 269,935 shares during the quarter. D. E. Shaw & Co. Inc.’s holdings in Frontdoor were worth $11,199,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of Frontdoor by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 9,674,278 shares of the company’s stock valued at $528,893,000 after purchasing an additional 78,134 shares in the last quarter. FIL Ltd lifted its holdings in Frontdoor by 8.3% during the 4th quarter. FIL Ltd now owns 2,410,561 shares of the company’s stock valued at $131,785,000 after purchasing an additional 184,051 shares during the last quarter. Geode Capital Management LLC boosted its position in Frontdoor by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 2,127,553 shares of the company’s stock valued at $116,336,000 after buying an additional 14,079 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its stake in Frontdoor by 6.3% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,067,575 shares of the company’s stock worth $113,034,000 after buying an additional 122,981 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Frontdoor by 0.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,791,666 shares of the company’s stock worth $97,952,000 after buying an additional 10,192 shares in the last quarter.

Frontdoor Trading Down 0.9%

FTDR opened at $54.27 on Wednesday. Frontdoor, Inc. has a 1-year low of $32.95 and a 1-year high of $63.49. The stock has a market capitalization of $3.99 billion, a PE ratio of 17.97 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. The firm has a 50-day moving average price of $41.41 and a two-hundred day moving average price of $51.05.

Frontdoor (NASDAQ:FTDR) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.27. The firm had revenue of $426.00 million for the quarter, compared to the consensus estimate of $416.37 million. Frontdoor had a return on equity of 132.99% and a net margin of 12.87%. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.44 EPS. As a group, equities analysts anticipate that Frontdoor, Inc. will post 3.07 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on FTDR shares. 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 raised their price target on Frontdoor from $58.00 to $67.00 and gave the company a “buy” rating in a report on Friday, February 14th. Finally, The Goldman Sachs Group reduced their price objective on Frontdoor from $46.00 to $40.00 and set a “sell” rating on the stock in a research note on Monday, March 3rd.

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.