Man Group plc Boosts Holdings in Frontdoor, Inc. (NASDAQ:FTDR)

Man Group plc grew its stake in shares of Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 4.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 346,229 shares of the company's stock after buying an additional 15,886 shares during the period. Man Group plc owned 0.46% of Frontdoor worth $18,928,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Bessemer Group Inc. grew its stake in Frontdoor by 514.7% during the fourth quarter. Bessemer Group Inc. now owns 627 shares of the company's stock valued at $34,000 after acquiring an additional 525 shares in the last quarter. USA Financial Formulas purchased a new stake in Frontdoor in the 4th quarter worth approximately $60,000. 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 valued at $87,000 after purchasing an additional 183 shares during the period. Blue Trust Inc. grew its position in shares of Frontdoor by 315.3% during the 4th quarter. Blue Trust Inc. now owns 1,632 shares of the company's stock valued at $89,000 after purchasing an additional 1,239 shares in the last quarter. Finally, Nkcfo LLC purchased a new position in shares of Frontdoor during the 4th quarter valued at $96,000.

Analysts Set New Price Targets

FTDR has been the topic of a number of recent analyst reports. Truist Financial increased their price objective on Frontdoor from $58.00 to $67.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. JPMorgan Chase & Co. cut Frontdoor from an "overweight" rating to a "neutral" rating and lowered their price target for the company from $58.00 to $40.00 in a report on Tuesday, April 22nd. Finally, The Goldman Sachs Group dropped their price target on Frontdoor from $46.00 to $40.00 and set a "sell" rating for the company in a research report on Monday, March 3rd.

Frontdoor Price Performance

Shares of Frontdoor stock traded up $0.50 on Thursday, hitting $53.47. 93,376 shares of the company traded hands, compared to its average volume of 735,871. Frontdoor, Inc. has a 12-month low of $32.95 and a 12-month high of $63.49. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.16. The company has a market cap of $3.93 billion, a P/E ratio of 17.71 and a beta of 1.21. The firm's 50-day simple moving average is $43.34 and its 200 day simple moving average is $51.23.

Frontdoor (NASDAQ:FTDR - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.64 earnings per share for the quarter, beating analysts' consensus estimates of $0.37 by $0.27. Frontdoor had a return on equity of 132.99% and a net margin of 12.87%. The business had revenue of $426.00 million for the quarter, compared to the consensus estimate of $416.37 million. During the same quarter last year, the business posted $0.44 earnings per share. The company's revenue for the quarter was up 12.7% on a year-over-year basis. Analysts expect that Frontdoor, Inc. will post 3.07 earnings per share for the current fiscal year.

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.