Headlands Technologies LLC Sells 8,502 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

Headlands Technologies LLC reduced its position in Frontdoor, Inc. (NASDAQ:FTDR) by 77.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of FTDR. TD Private Client Wealth LLC boosted its holdings in Frontdoor by 12.9% in the 4th 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. Willis Investment Counsel lifted its position in shares of Frontdoor by 0.4% in the fourth quarter. Willis Investment Counsel now owns 46,753 shares of the company’s stock valued at $2,556,000 after acquiring an additional 185 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of Frontdoor by 8.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,880 shares of the company’s stock worth $157,000 after acquiring an additional 221 shares during the period. Atria Investments Inc grew its position in shares of Frontdoor by 4.9% during the fourth quarter. Atria Investments Inc now owns 6,894 shares of the company’s stock worth $377,000 after purchasing an additional 325 shares in the last quarter. Finally, Pacer Advisors Inc. grew its position in shares of Frontdoor by 4.8% during the fourth quarter. Pacer Advisors Inc. now owns 7,854 shares of the company’s stock worth $429,000 after purchasing an additional 357 shares in the last quarter.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Truist Financial increased their price objective on shares of Frontdoor from $58.00 to $67.00 and gave the company a “buy” rating in a report on Friday, February 14th. The Goldman Sachs Group dropped their target price on shares of Frontdoor from $46.00 to $40.00 and set a “sell” rating for the company in a research report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $50.25.

Frontdoor Stock Performance

NASDAQ FTDR opened at $37.96 on Friday. The stock has a market capitalization of $2.83 billion, a PE ratio of 12.57 and a beta of 1.19. Frontdoor, Inc. has a 1-year low of $29.41 and a 1-year high of $63.49. The business has a 50 day simple moving average of $48.41 and a two-hundred day simple moving average of $52.16. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.42 and a quick ratio of 1.42.

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.