Schwab Charles Investment Management Inc. lowered its position in shares of FTD Companies, Inc. (NASDAQ:FTD) by 35.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,098 shares of the company’s stock after selling 48,589 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.32% of FTD Companies worth $1,795,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. PNC Financial Services Group Inc. raised its position in shares of FTD Companies by 1.0% in the first quarter. PNC Financial Services Group Inc. now owns 5,456 shares of the company’s stock valued at $109,000 after buying an additional 56 shares during the period. Trexquant Investment LP bought a new position in shares of FTD Companies during the first quarter valued at approximately $249,000. Alambic Investment Management L.P. bought a new position in shares of FTD Companies during the first quarter valued at approximately $279,000. JPMorgan Chase & Co. raised its position 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 valued at $282,000 after buying an additional 275 shares during the period. Finally, Penserra Capital Management LLC raised its position in shares of FTD Companies by 77.6% in the first quarter. Penserra Capital Management LLC now owns 15,121 shares of the company’s stock valued at $304,000 after buying an additional 6,607 shares during the period. Institutional investors own 59.16% of the company’s stock.

Shares of FTD Companies, Inc. (NASDAQ:FTD) traded down 0.23% during mid-day trading on Friday, reaching $12.75. 178,266 shares of the company traded hands. FTD Companies, Inc. has a 52 week low of $12.35 and a 52 week high of $26.19. The firm has a 50 day moving average of $17.27 and a 200-day moving average of $19.64. The stock’s market capitalization is $351.19 million.

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Several research analysts have commented on the stock. DA Davidson lowered shares of FTD Companies from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $23.00 to $17.00 in a report on Wednesday, August 9th. BidaskClub downgraded shares of FTD Companies from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Zacks Investment Research downgraded shares of FTD Companies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 15th. Finally, ValuEngine downgraded shares of FTD Companies from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $20.67.

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

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