Fmr LLC Cuts Holdings in FTD Companies, Inc. (FTD)

Fmr LLC trimmed its position in shares of FTD Companies, Inc. (NASDAQ:FTD) by 5.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 205,489 shares of the company’s stock after selling 11,000 shares during the quarter. Fmr LLC owned approximately 0.75% of FTD Companies worth $4,110,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of FTD. PNC Financial Services Group Inc. lifted its holdings in shares of FTD Companies by 1.0% during the first quarter. PNC Financial Services Group Inc. now owns 5,456 shares of the company’s stock valued at $109,000 after purchasing an additional 56 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of FTD Companies by 91.7% during the second quarter. BNP Paribas Arbitrage SA now owns 6,588 shares of the company’s stock valued at $132,000 after purchasing an additional 3,152 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of FTD Companies by 16.2% during the first quarter. Public Employees Retirement System of Ohio now owns 8,916 shares of the company’s stock valued at $180,000 after purchasing an additional 1,244 shares during the last quarter. Texas Permanent School Fund lifted its holdings in shares of FTD Companies by 1.6% during the second quarter. Texas Permanent School Fund now owns 12,619 shares of the company’s stock valued at $252,000 after purchasing an additional 202 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp purchased a new position in shares of FTD Companies during the second quarter valued at approximately $258,000. 59.10% of the stock is currently owned by institutional investors and hedge funds.

FTD has been the subject of several recent research reports. Zacks Investment Research upgraded shares of FTD Companies from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 10th. DA Davidson lowered shares of FTD Companies from a “buy” rating to a “neutral” rating and lowered their target price for the company from $23.00 to $17.00 in a report on Wednesday, August 9th. Finally, BidaskClub lowered shares of FTD Companies from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. FTD Companies currently has an average rating of “Hold” and an average target price of $19.00.

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FTD Companies, Inc. (NASDAQ:FTD) opened at $10.35 on Friday. FTD Companies, Inc. has a 1-year low of $10.32 and a 1-year high of $26.19. The stock has a market cap of $285.09, a P/E ratio of 7.90, a PEG ratio of 0.88 and a beta of 0.58. The company has a current ratio of 0.90, a quick ratio of 0.73 and a debt-to-equity ratio of 0.53.

FTD Companies Company Profile

FTD Companies, Inc (FTD) is a floral and gifting company. The Company operates through four segments: Consumer, Florist, International and Provide Commerce. Through its Consumer segment, FTD is a direct marketer of floral and gift products for consumers, primarily in the United States and Canada. Through its Florist segment, the Company is a provider of products and services to its floral network members, which include traditional retail florists and other non-florist retail locations, primarily in the United States and Canada.

Institutional Ownership by Quarter for FTD Companies (NASDAQ:FTD)

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