Frontdoor, Inc. (NASDAQ:FTDR) Shares Sold by AlphaQuest LLC

AlphaQuest LLC reduced its position in Frontdoor, Inc. (NASDAQ:FTDR) by 56.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,189 shares of the company’s stock after selling 18,299 shares during the quarter. AlphaQuest LLC’s holdings in Frontdoor were worth $776,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of FTDR. US Bancorp DE grew its position in Frontdoor by 1,751.2% in the 3rd quarter. US Bancorp DE now owns 6,831 shares of the company’s stock valued at $328,000 after acquiring an additional 6,462 shares in the last quarter. Atria Investments Inc acquired a new position in Frontdoor in the 3rd quarter valued at about $315,000. Los Angeles Capital Management LLC grew its position in Frontdoor by 3.6% in the 3rd quarter. Los Angeles Capital Management LLC now owns 63,699 shares of the company’s stock valued at $3,057,000 after acquiring an additional 2,202 shares in the last quarter. Entropy Technologies LP acquired a new position in Frontdoor in the 3rd quarter valued at about $616,000. Finally, Natixis Advisors LLC grew its position in Frontdoor by 13.3% in the 3rd quarter. Natixis Advisors LLC now owns 17,213 shares of the company’s stock valued at $826,000 after acquiring an additional 2,023 shares in the last quarter.

Frontdoor Stock Performance

Shares of FTDR opened at $37.91 on Wednesday. The stock has a 50-day simple moving average of $55.40 and a 200-day simple moving average of $53.51. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.42 and a current ratio of 1.42. The stock has a market capitalization of $2.83 billion, a PE ratio of 12.55 and a beta of 1.18. Frontdoor, Inc. has a 1 year low of $29.41 and a 1 year high of $63.49.

Wall Street Analysts Forecast Growth

FTDR has been the subject of several research reports. Truist Financial lifted their target price on Frontdoor from $58.00 to $67.00 and gave the company a “buy” rating in a research report on Friday, February 14th. The Goldman Sachs Group decreased their price objective on Frontdoor from $46.00 to $40.00 and set a “sell” rating for the company in a research note on Monday, March 3rd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $50.25.

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.