D. E. Shaw & Co. Inc. grew its position in FTD Companies Inc (NASDAQ:FTD) by 27.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 203,052 shares of the company’s stock after acquiring an additional 43,378 shares during the quarter. D. E. Shaw & Co. Inc. owned 0.72% of FTD Companies worth $300,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently added to or reduced their stakes in the company. Marshall Wace LLP bought a new stake in FTD Companies in the 3rd quarter worth approximately $39,000. AQR Capital Management LLC bought a new stake in FTD Companies in the 3rd quarter worth approximately $257,000. California Public Employees Retirement System increased its stake in FTD Companies by 5.7% in the 4th quarter. California Public Employees Retirement System now owns 120,985 shares of the company’s stock worth $179,000 after acquiring an additional 6,494 shares during the last quarter. JPMorgan Chase & Co. increased its stake in FTD Companies by 1,096.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 150,169 shares of the company’s stock worth $395,000 after acquiring an additional 137,616 shares during the last quarter. Finally, Two Sigma Advisers LP increased its stake in FTD Companies by 4.8% in the 4th quarter. Two Sigma Advisers LP now owns 179,428 shares of the company’s stock worth $266,000 after acquiring an additional 8,228 shares during the last quarter. 45.77% of the stock is currently owned by institutional investors and hedge funds.
FTD opened at $0.49 on Tuesday. FTD Companies Inc has a 52-week low of $0.43 and a 52-week high of $6.71. The firm has a market cap of $14.56 million, a P/E ratio of -0.30 and a beta of 1.47.
A number of equities analysts have recently commented on FTD shares. Craig Hallum dropped their target price on FTD Companies from $3.00 to $1.50 and set a “hold” rating for the company in a report on Friday, March 15th. DA Davidson reiterated a “neutral” rating on shares of FTD Companies in a report on Friday, March 15th. ValuEngine cut FTD Companies from a “buy” rating to a “hold” rating in a report on Friday, February 8th. Finally, Zacks Investment Research upgraded FTD Companies from a “sell” rating to a “hold” rating in a report on Tuesday, January 15th.
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FTD Companies Company Profile
FTD Companies, Inc, together with its subsidiaries, operates as a floral and gifting company primarily in the United States, Canada, the United Kingdom, and the Republic of Ireland. It operates through four segments: Provide Commerce, Consumer, Florist, and International. The company offers floral, specialty foods, gift, and related products and services to consumers, retail florists, and other retail locations and companies.
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