Headlands Technologies LLC Reduces Stake in Frontdoor, Inc. (NASDAQ:FTDR)

Headlands Technologies LLC reduced its stake in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 77.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,484 shares of the company’s stock after selling 8,502 shares during the quarter. Headlands Technologies LLC’s holdings in Frontdoor were worth $136,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Verition Fund Management LLC raised its holdings in Frontdoor by 255.5% during the 3rd quarter. Verition Fund Management LLC now owns 21,757 shares of the company’s stock valued at $1,044,000 after buying an additional 15,637 shares during the period. Centiva Capital LP raised its stake in shares of Frontdoor by 100.3% in the third quarter. Centiva Capital LP now owns 15,914 shares of the company’s stock valued at $764,000 after acquiring an additional 7,968 shares during the period. Janus Henderson Group PLC raised its stake in shares of Frontdoor by 43.1% in the third quarter. Janus Henderson Group PLC now owns 90,542 shares of the company’s stock valued at $4,347,000 after acquiring an additional 27,280 shares during the period. Point72 DIFC Ltd lifted its holdings in shares of Frontdoor by 126.6% in the 3rd quarter. Point72 DIFC Ltd now owns 6,917 shares of the company’s stock worth $332,000 after acquiring an additional 3,864 shares during the last quarter. Finally, Orion Portfolio Solutions LLC purchased a new position in shares of Frontdoor during the 3rd quarter worth about $247,000.

Analysts Set New Price Targets

FTDR has been the topic of a number of recent analyst reports. Truist Financial increased their price objective on shares of Frontdoor from $58.00 to $67.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. The Goldman Sachs Group reduced their price target on Frontdoor from $46.00 to $40.00 and set a “sell” rating on the stock in a report on Monday, March 3rd. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $50.25.

Frontdoor Price Performance

Frontdoor stock opened at $37.96 on Friday. 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 stock has a market cap of $2.83 billion, a price-to-earnings ratio of 12.57 and a beta of 1.19. The firm has a 50-day moving average of $48.41 and a two-hundred day moving average of $52.16. Frontdoor, Inc. has a 1 year low of $29.41 and a 1 year high of $63.49.

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.