Moody Aldrich Partners LLC Reduces Stock Holdings in Frontdoor, Inc. (NASDAQ:FTDR)

Moody Aldrich Partners LLC lessened its position in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 2.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 97,415 shares of the company’s stock after selling 2,812 shares during the period. Moody Aldrich Partners LLC’s holdings in Frontdoor were worth $5,326,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Exchange Traded Concepts LLC purchased a new stake in shares of Frontdoor in the third quarter valued at about $27,000. V Square Quantitative Management LLC acquired a new stake in Frontdoor during the 3rd quarter valued at $31,000. Quarry LP grew its holdings in Frontdoor by 468.1% during the 2nd quarter. Quarry LP now owns 1,085 shares of the company’s stock valued at $37,000 after buying an additional 894 shares during the last quarter. USA Financial Formulas acquired a new position in shares of Frontdoor in the fourth quarter worth $60,000. Finally, TD Private Client Wealth LLC purchased a new stake in shares of Frontdoor in the third quarter valued at $68,000.

Frontdoor Price Performance

FTDR opened at $61.33 on Wednesday. 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 $4.65 billion, a PE ratio of 20.31 and a beta of 1.08. Frontdoor, Inc. has a 1 year low of $29.41 and a 1 year high of $62.00. The company’s 50 day simple moving average is $57.31 and its 200 day simple moving average is $51.02.

Frontdoor (NASDAQ:FTDR) last released its quarterly earnings data on Monday, November 4th. The company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.33. The company had revenue of $540.00 million for the quarter, compared to the consensus estimate of $541.88 million. Frontdoor had a return on equity of 132.99% and a net margin of 12.87%. During the same period last year, the business posted $0.94 EPS. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. As a group, sell-side analysts expect that Frontdoor, Inc. will post 3.15 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently commented on FTDR shares. The Goldman Sachs Group lifted their price objective on Frontdoor from $41.00 to $46.00 and gave the stock a “sell” rating in a research report on Tuesday, November 5th. Truist Financial boosted their price objective on shares of Frontdoor from $56.00 to $58.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. One research 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. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $49.50.

Insider Buying and Selling

In other Frontdoor news, SVP Kathryn M. Collins sold 25,784 shares of the firm’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $58.06, for a total transaction of $1,497,019.04. Following the completion of the transaction, the senior vice president now directly owns 9,429 shares of the company’s stock, valued at $547,447.74. This trade represents a 73.22 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Evan Iverson sold 16,000 shares of the stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $58.84, for a total transaction of $941,440.00. Following the transaction, the chief operating officer now directly owns 4,955 shares in the company, valued at $291,552.20. The trade was a 76.35 % decrease in their position. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by corporate insiders.

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.