Bank of New York Mellon Corp reduced its position in FTD Companies, Inc. (NASDAQ:FTD) by 5.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 219,661 shares of the company’s stock after selling 11,659 shares during the quarter. Bank of New York Mellon Corp owned about 0.80% of FTD Companies worth $4,394,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Comerica Bank lifted its position in FTD Companies by 3.4% during the first quarter. Comerica Bank now owns 18,970 shares of the company’s stock valued at $386,000 after purchasing an additional 622 shares during the last quarter. Ameriprise Financial Inc. lifted its position in FTD Companies by 3.7% during the first quarter. Ameriprise Financial Inc. now owns 90,930 shares of the company’s stock valued at $1,832,000 after purchasing an additional 3,275 shares during the last quarter. State of Tennessee Treasury Department lifted its position in FTD Companies by 17.8% during the first quarter. State of Tennessee Treasury Department now owns 17,586 shares of the company’s stock valued at $354,000 after purchasing an additional 2,654 shares during the last quarter. Trexquant Investment LP bought a new stake in FTD Companies during the first quarter valued at approximately $249,000. Finally, JPMorgan Chase & Co. lifted its position in FTD Companies by 2.0% during the first quarter. JPMorgan Chase & Co. now owns 13,981 shares of the company’s stock valued at $282,000 after purchasing an additional 275 shares during the last quarter. Institutional investors own 58.83% of the company’s stock.

Several equities research analysts have issued reports on FTD shares. DA Davidson started coverage on shares of FTD Companies in a research report on Wednesday, June 14th. They set a “buy” rating and a $23.00 target price for the company. BidaskClub lowered shares of FTD Companies from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, Zacks Investment Research lowered shares of FTD Companies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 15th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. FTD Companies currently has a consensus rating of “Hold” and a consensus price target of $19.00.

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Shares of FTD Companies, Inc. (NASDAQ FTD) opened at 13.40 on Friday. The firm’s 50-day moving average is $13.22 and its 200 day moving average is $17.60. FTD Companies, Inc. has a 12 month low of $12.35 and a 12 month high of $26.19. The company’s market capitalization is $369.09 million.

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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