Daiwa Securities Group Inc. Sells 1,976 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

Daiwa Securities Group Inc. reduced its holdings in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 35.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,528 shares of the company’s stock after selling 1,976 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Frontdoor were worth $124,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Financial Management Professionals Inc. bought a new stake in shares of Frontdoor during the 4th quarter worth $49,000. Acadian Asset Management LLC bought a new stake in shares of Frontdoor during the 3rd quarter worth $88,000. CI Investments Inc. bought a new position in Frontdoor in the third quarter valued at about $150,000. Sequoia Financial Advisors LLC bought a new position in Frontdoor in the fourth quarter valued at about $220,000. Finally, Contravisory Investment Management Inc. bought a new position in Frontdoor in the fourth quarter valued at about $227,000.

Analyst Ratings Changes

Separately, Wells Fargo & Company dropped their target price on Frontdoor from $40.00 to $36.00 and set an “equal weight” rating for the company in a research report on Friday, March 1st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Frontdoor currently has an average rating of “Hold” and an average target price of $39.40.

Frontdoor Price Performance

Frontdoor stock opened at $31.05 on Friday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 4.24. The company has a market capitalization of $2.42 billion, a PE ratio of 14.65 and a beta of 0.89. Frontdoor, Inc. has a 12 month low of $26.09 and a 12 month high of $38.97. The stock has a 50-day moving average price of $31.30 and a two-hundred day moving average price of $32.71.

Frontdoor (NASDAQ:FTDR) last issued its quarterly earnings results on Wednesday, February 28th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.18. The company had revenue of $366.00 million during the quarter, compared to analysts’ expectations of $360.47 million. Frontdoor had a return on equity of 142.80% and a net margin of 9.66%. The business’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.13 earnings per share. Analysts expect that Frontdoor, Inc. will post 2.36 EPS for the current year.

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.