OppenheimerFunds Inc. Purchases 46,770 Shares of FTD Companies Inc (FTD)

OppenheimerFunds Inc. lifted its position in FTD Companies Inc (NASDAQ:FTD) by 84.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,021 shares of the company’s stock after acquiring an additional 46,770 shares during the quarter. OppenheimerFunds Inc.’s holdings in FTD Companies were worth $733,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Citadel Advisors LLC raised its holdings in FTD Companies by 9.4% in the fourth quarter. Citadel Advisors LLC now owns 317,573 shares of the company’s stock worth $2,283,000 after purchasing an additional 27,382 shares in the last quarter. BlackRock Inc. raised its holdings in FTD Companies by 3.5% in the fourth quarter. BlackRock Inc. now owns 2,288,890 shares of the company’s stock worth $16,456,000 after purchasing an additional 76,804 shares in the last quarter. Arizona State Retirement System bought a new position in FTD Companies in the fourth quarter worth about $203,000. Pinebridge Investments L.P. raised its holdings in FTD Companies by 40.7% in the fourth quarter. Pinebridge Investments L.P. now owns 44,240 shares of the company’s stock worth $318,000 after purchasing an additional 12,802 shares in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in FTD Companies by 174.0% in the fourth quarter. Wells Fargo & Company MN now owns 51,097 shares of the company’s stock worth $367,000 after purchasing an additional 32,449 shares in the last quarter. Hedge funds and other institutional investors own 59.53% of the company’s stock.

How to Become a New Pot Stock Millionaire

FTD Companies Inc (NASDAQ:FTD) opened at $4.25 on Tuesday. FTD Companies Inc has a fifty-two week low of $4.05 and a fifty-two week high of $20.85. The company has a current ratio of 0.76, a quick ratio of 0.51 and a debt-to-equity ratio of 0.64. The stock has a market cap of $120.38, a PE ratio of -0.81, a PEG ratio of 1.27 and a beta of 0.08.

A number of brokerages have commented on FTD. ValuEngine downgraded shares of FTD Companies from a “buy” rating to a “hold” rating in a report on Tuesday, March 13th. Zacks Investment Research downgraded shares of FTD Companies from a “hold” rating to a “sell” rating in a report on Thursday, November 23rd. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $9.00.

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

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