Nomura Holdings Inc. Purchases 33,720 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

Nomura Holdings Inc. lifted its holdings in shares of Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 406.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 42,017 shares of the company's stock after purchasing an additional 33,720 shares during the quarter. Nomura Holdings Inc. owned approximately 0.06% of Frontdoor worth $2,297,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Bessemer Group Inc. increased its position in Frontdoor by 514.7% during the fourth quarter. Bessemer Group Inc. now owns 627 shares of the company's stock worth $34,000 after buying an additional 525 shares during the last quarter. USA Financial Formulas bought a new stake in shares of Frontdoor during the 4th quarter worth about $60,000. TD Private Client Wealth LLC increased its holdings in shares of Frontdoor by 12.9% during the 4th quarter. TD Private Client Wealth LLC now owns 1,597 shares of the company's stock valued at $87,000 after acquiring an additional 183 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Frontdoor by 315.3% in the 4th quarter. Blue Trust Inc. now owns 1,632 shares of the company's stock valued at $89,000 after acquiring an additional 1,239 shares in the last quarter. Finally, Nkcfo LLC bought a new position in shares of Frontdoor in the 4th quarter valued at approximately $96,000.

Frontdoor Stock Performance

Shares of FTDR traded up $0.50 during mid-day trading on Thursday, hitting $53.47. The company's stock had a trading volume of 93,376 shares, compared to its average volume of 735,871. The stock's 50-day moving average is $43.34 and its two-hundred day moving average is $51.23. The firm has a market capitalization of $3.93 billion, a PE ratio of 17.71 and a beta of 1.21. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.42 and a current ratio of 1.42. Frontdoor, Inc. has a one year low of $32.95 and a one year high of $63.49.

Frontdoor (NASDAQ:FTDR - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.64 EPS for the quarter, beating 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 during the quarter, compared to analysts' expectations of $416.37 million. The business's quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.44 EPS. As a group, sell-side analysts anticipate that Frontdoor, Inc. will post 3.07 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. The Goldman Sachs Group decreased their target price on Frontdoor from $46.00 to $40.00 and set a "sell" rating for the company in a research report on Monday, March 3rd. JPMorgan Chase & Co. downgraded shares of Frontdoor from an "overweight" rating to a "neutral" rating and decreased their price objective for the stock from $58.00 to $40.00 in a report on Tuesday, April 22nd. Finally, Truist Financial lifted their target price on shares of Frontdoor from $58.00 to $67.00 and gave the stock a "buy" rating in a report on Friday, February 14th.

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.