Nationwide Fund Advisors decreased its stake in FTD Companies, Inc. (NASDAQ:FTD) by 10.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 26,746 shares of the company’s stock after selling 3,071 shares during the period. Nationwide Fund Advisors owned 0.10% of FTD Companies worth $539,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. Norges Bank purchased a new position in FTD Companies during the fourth quarter valued at $14,956,000. State Street Corp boosted its position in FTD Companies by 1.7% in the fourth quarter. State Street Corp now owns 450,595 shares of the company’s stock valued at $10,743,000 after buying an additional 7,398 shares in the last quarter. Putnam Investments LLC boosted its position in FTD Companies by 0.7% in the fourth quarter. Putnam Investments LLC now owns 132,186 shares of the company’s stock valued at $3,152,000 after buying an additional 966 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in FTD Companies during the fourth quarter valued at $2,706,000. Finally, Martingale Asset Management L P boosted its position in FTD Companies by 6.2% in the fourth quarter. Martingale Asset Management L P now owns 79,108 shares of the company’s stock valued at $1,886,000 after buying an additional 4,600 shares in the last quarter. Hedge funds and other institutional investors own 59.42% of the company’s stock.
Shares of FTD Companies, Inc. (NASDAQ FTD) traded down 1.31% during midday trading on Friday, hitting $19.58. The company had a trading volume of 84,336 shares. FTD Companies, Inc. has a 12 month low of $16.63 and a 12 month high of $27.68. The company’s market capitalization is $537.16 million. The company has a 50-day moving average of $18.87 and a 200-day moving average of $21.36.
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Several equities analysts have weighed in on FTD shares. DA Davidson started coverage on FTD Companies in a report on Wednesday, June 14th. They set a “buy” rating and a $23.00 price target for the company. TheStreet lowered FTD Companies from a “c-” rating to a “d+” rating in a research note on Monday, April 3rd. Finally, ValuEngine lowered FTD Companies from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $22.67.
About FTD Companies
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.
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