Frontdoor Inc. $FTDR Stock Holdings Lifted by Nomura Holdings Inc.

Key Points

• Nomura Holdings Inc. has significantly increased its stake in Frontdoor Inc. by 455.8%, now holding 233,542 shares worth approximately $8.97 million.
• Frontdoor recently reported a strong quarterly earnings performance, with earnings per share of $1.63, exceeding estimates, and year-over-year revenue growth of 13.8%.
• Multiple analysts have raised their target prices for Frontdoor, with Truist Financial now setting a target of $71.00, reflecting a generally positive outlook on the company's stock.

Nomura Holdings Inc. raised its position in Frontdoor Inc. (NASDAQ:FTDR - Free Report) by 455.8% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 233,542 shares of the company's stock after purchasing an additional 191,525 shares during the period. Nomura Holdings Inc. owned about 0.32% of Frontdoor worth $8,973,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Frontdoor during the first quarter valued at $42,000. IFP Advisors Inc boosted its stake in shares of Frontdoor by 80,766.7% during the first quarter. IFP Advisors Inc now owns 2,426 shares of the company's stock valued at $93,000 after acquiring an additional 2,423 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Frontdoor by 16.5% during the first quarter. GAMMA Investing LLC now owns 2,447 shares of the company's stock valued at $94,000 after acquiring an additional 347 shares during the last quarter. CWM LLC boosted its stake in shares of Frontdoor by 91.2% during the first quarter. CWM LLC now owns 2,574 shares of the company's stock valued at $99,000 after acquiring an additional 1,228 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of Frontdoor by 70.3% during the first quarter. Blue Trust Inc. now owns 2,780 shares of the company's stock valued at $107,000 after acquiring an additional 1,148 shares during the last quarter.

Insider Activity at Frontdoor

In other news, SVP Jeffrey Fiarman sold 129,673 shares of Frontdoor stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $56.15, for a total value of $7,281,138.95. Following the completion of the transaction, the senior vice president owned 34,646 shares in the company, valued at approximately $1,945,372.90. This trade represents a 78.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.48% of the company's stock.

Frontdoor Stock Down 0.4%

Shares of NASDAQ:FTDR traded down $0.24 during mid-day trading on Friday, hitting $63.05. 568,278 shares of the company traded hands, compared to its average volume of 740,302. The firm has a market cap of $4.59 billion, a P/E ratio of 18.60 and a beta of 1.34. The company has a debt-to-equity ratio of 4.56, a quick ratio of 1.49 and a current ratio of 1.49. Frontdoor Inc. has a 52-week low of $35.61 and a 52-week high of $64.91. The firm's 50 day simple moving average is $58.85 and its 200 day simple moving average is $51.54.

Frontdoor (NASDAQ:FTDR - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.44 by $0.19. The company had revenue of $617.00 million during the quarter, compared to analyst estimates of $602.62 million. Frontdoor had a return on equity of 125.21% and a net margin of 13.07%.The business's revenue was up 13.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.27 EPS. Frontdoor has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities analysts anticipate that Frontdoor Inc. will post 3.07 EPS for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on FTDR. Zacks Research upgraded Frontdoor from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 27th. Oppenheimer increased their target price on Frontdoor from $56.00 to $63.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 6th. JPMorgan Chase & Co. increased their target price on Frontdoor from $50.00 to $55.00 and gave the stock a "neutral" rating in a research report on Tuesday, June 3rd. Truist Financial increased their target price on Frontdoor from $67.00 to $71.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Finally, The Goldman Sachs Group increased their target price on Frontdoor from $44.00 to $50.00 and gave the stock a "sell" rating in a research report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $59.75.

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.