Man Group plc Has $18.93 Million Holdings in Frontdoor, Inc. (NASDAQ:FTDR)

Man Group plc grew its holdings in shares of Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 4.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 346,229 shares of the company's stock after acquiring an additional 15,886 shares during the period. Man Group plc owned about 0.46% of Frontdoor worth $18,928,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Nomura Holdings Inc. raised its holdings in shares of Frontdoor by 406.4% during the fourth quarter. Nomura Holdings Inc. now owns 42,017 shares of the company's stock valued at $2,297,000 after buying an additional 33,720 shares during the last quarter. NDVR Inc. bought a new stake in Frontdoor during the fourth quarter worth approximately $225,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Frontdoor by 2.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 43,852 shares of the company's stock worth $2,397,000 after purchasing an additional 856 shares in the last quarter. Lazard Asset Management LLC raised its holdings in Frontdoor by 363.6% during the fourth quarter. Lazard Asset Management LLC now owns 220,044 shares of the company's stock worth $12,028,000 after purchasing an additional 172,577 shares in the last quarter. Finally, Janus Henderson Group PLC raised its holdings in Frontdoor by 275.6% during the fourth quarter. Janus Henderson Group PLC now owns 340,094 shares of the company's stock worth $18,605,000 after purchasing an additional 249,552 shares in the last quarter.

Frontdoor Price Performance

Frontdoor stock traded down $0.96 during mid-day trading on Tuesday, hitting $54.32. The company's stock had a trading volume of 328,990 shares, compared to its average volume of 738,814. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.16. The stock has a market capitalization of $4.00 billion, a P/E ratio of 17.99 and a beta of 1.21. Frontdoor, Inc. has a twelve month low of $32.95 and a twelve month high of $63.49. The stock's fifty day moving average price is $42.71 and its two-hundred day moving average price is $51.20.

Frontdoor (NASDAQ:FTDR - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.27. Frontdoor had a net margin of 12.87% and a return on equity of 132.99%. The firm had revenue of $426.00 million for the quarter, compared to analysts' expectations of $416.37 million. During the same period in the previous year, the company posted $0.44 EPS. The company's quarterly revenue was up 12.7% compared to the same quarter last year. Research analysts forecast that Frontdoor, Inc. will post 3.07 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently commented on FTDR. Truist Financial boosted their target price on Frontdoor from $58.00 to $67.00 and gave the stock a "buy" rating in a report on Friday, February 14th. The Goldman Sachs Group decreased their price target on shares of Frontdoor from $46.00 to $40.00 and set a "sell" rating on the stock in a research report on Monday, March 3rd. Finally, JPMorgan Chase & Co. lowered shares of Frontdoor from an "overweight" rating to a "neutral" rating and decreased their price target for the stock from $58.00 to $40.00 in a research report on Tuesday, April 22nd.

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.