Bank Julius Baer & Co. Ltd Zurich Lowers Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Bank Julius Baer & Co. Ltd Zurich trimmed its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 4.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 261,270 shares of the company's stock after selling 13,047 shares during the period. Bank Julius Baer & Co. Ltd Zurich's holdings in Palantir Technologies were worth $22,051,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Geode Capital Management LLC increased its holdings in Palantir Technologies by 8.6% during the 4th quarter. Geode Capital Management LLC now owns 52,074,232 shares of the company's stock worth $3,929,401,000 after acquiring an additional 4,127,306 shares during the period. Northern Trust Corp grew its stake in Palantir Technologies by 20.4% in the 4th quarter. Northern Trust Corp now owns 19,488,465 shares of the company's stock worth $1,473,913,000 after buying an additional 3,299,779 shares in the last quarter. Norges Bank purchased a new position in Palantir Technologies in the 4th quarter worth approximately $1,360,191,000. FMR LLC grew its stake in Palantir Technologies by 22.6% in the 4th quarter. FMR LLC now owns 15,296,371 shares of the company's stock worth $1,156,864,000 after buying an additional 2,818,090 shares in the last quarter. Finally, Invesco Ltd. grew its stake in Palantir Technologies by 31.2% in the 4th quarter. Invesco Ltd. now owns 14,748,240 shares of the company's stock worth $1,115,409,000 after buying an additional 3,509,311 shares in the last quarter. 45.65% of the stock is owned by institutional investors.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 309,696 shares of Palantir Technologies stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $126.39, for a total value of $39,142,477.44. Following the transaction, the insider owned 592 shares in the company, valued at $74,822.88. The trade was a 99.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Shyam Sankar sold 405,000 shares of Palantir Technologies stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $132.08, for a total value of $53,492,400.00. Following the sale, the insider directly owned 702,786 shares in the company, valued at $92,823,974.88. The trade was a 36.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,485,632 shares of company stock valued at $191,222,623. Corporate insiders own 9.23% of the company's stock.

Analyst Upgrades and Downgrades

PLTR has been the subject of a number of research reports. Cantor Fitzgerald upped their price objective on shares of Palantir Technologies from $98.00 to $110.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. Mizuho raised shares of Palantir Technologies from an "underperform" rating to a "neutral" rating and upped their price objective for the company from $116.00 to $135.00 in a research note on Wednesday, July 16th. Loop Capital set a $155.00 price objective on shares of Palantir Technologies and gave the company a "buy" rating in a research note on Thursday, June 12th. Daiwa Capital Markets assumed coverage on shares of Palantir Technologies in a research report on Tuesday, April 1st. They set a "neutral" rating and a $90.00 price target for the company. Finally, UBS Group reissued a "positive" rating on shares of Palantir Technologies in a research report on Wednesday, June 25th. Four analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, Palantir Technologies presently has a consensus rating of "Hold" and an average target price of $95.30.

Palantir Technologies Stock Up 2.6%

Palantir Technologies stock traded up $4.08 on Friday, hitting $158.94. The company's stock had a trading volume of 51,188,664 shares, compared to its average volume of 93,990,016. Palantir Technologies Inc. has a one year low of $21.23 and a one year high of $160.39. The company has a fifty day moving average price of $136.44 and a 200-day moving average price of $108.24. The firm has a market cap of $375.09 billion, a P/E ratio of 691.06, a price-to-earnings-growth ratio of 13.20 and a beta of 2.59.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The company reported $0.13 earnings per share for the quarter, hitting the consensus estimate of $0.13. Palantir Technologies had a return on equity of 6.55% and a net margin of 18.32%. The firm had revenue of $883.86 million during the quarter, compared to analysts' expectations of $863.89 million. During the same period in the previous year, the business posted $0.08 EPS. The company's quarterly revenue was up 39.4% compared to the same quarter last year. Analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Palantir Technologies Company Profile

Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.