Principal Financial Group Inc. raised its position in FTD Companies, Inc. (NASDAQ:FTD) by 3.6% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 130,352 shares of the company’s stock after buying an additional 4,583 shares during the period. Principal Financial Group Inc. owned approximately 0.48% of FTD Companies worth $2,625,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Thrivent Financial for Lutherans acquired a new stake in shares of FTD Companies during the fourth quarter worth $220,000. Trexquant Investment LP acquired a new stake in shares of FTD Companies during the first quarter worth $249,000. Alambic Investment Management L.P. acquired a new stake in shares of FTD Companies during the first quarter worth $279,000. JPMorgan Chase & Co. boosted its stake in shares of FTD Companies by 2.0% in the first quarter. JPMorgan Chase & Co. now owns 13,981 shares of the company’s stock worth $282,000 after buying an additional 275 shares during the period. Finally, Penserra Capital Management LLC boosted its stake in FTD Companies by 77.6% in the first quarter. Penserra Capital Management LLC now owns 15,121 shares of the company’s stock worth $304,000 after buying an additional 6,607 shares during the period. 59.42% of the stock is currently owned by institutional investors.
Shares of FTD Companies, Inc. (NASDAQ:FTD) opened at 19.70 on Friday. The company has a 50 day moving average of $19.32 and a 200-day moving average of $20.86. The firm’s market cap is $540.45 million. FTD Companies, Inc. has a 12-month low of $16.62 and a 12-month high of $26.19.
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A number of analysts recently weighed in on FTD shares. ValuEngine cut shares of FTD Companies from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. TheStreet cut shares of FTD Companies from a “c-” rating to a “d+” rating in a report on Monday, April 3rd. Finally, DA Davidson started coverage on shares of FTD Companies in a report on Wednesday, June 14th. They issued a “buy” rating and a $23.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $22.67.
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.
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