Fifth Third Bancorp Buys 24,400 Shares of Palantir Technologies Inc. $PLTR

Key Points

• Fifth Third Bancorp increased its stake in Palantir by 14%, buying 24,400 shares to hold 198,145 shares valued at about $35.22 million at the end of the quarter.
• Strong quarterly results: Palantir reported $0.25 EPS vs. $0.23 expected and revenue of $1.41 billion, up about 70% year‑over‑year, with a 23.8% ROE and a 36.3% net margin.
• Mixed analyst sentiment: the stock carries an average "Moderate Buy" rating and an average price target of $192.17, but upgrades (e.g., Northland, William Blair) sit alongside downgrades and valuation concerns that leave meaningful upside and downside risk.

Fifth Third Bancorp raised its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 14.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 198,145 shares of the company's stock after purchasing an additional 24,400 shares during the period. Fifth Third Bancorp's holdings in Palantir Technologies were worth $35,220,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in PLTR. Bare Financial Services Inc raised its position in Palantir Technologies by 54.5% during the third quarter. Bare Financial Services Inc now owns 156 shares of the company's stock valued at $28,000 after purchasing an additional 55 shares in the last quarter. Financial Consulate Inc. acquired a new position in Palantir Technologies during the third quarter valued at approximately $30,000. Morton Brown Family Wealth LLC raised its position in Palantir Technologies by 250.0% during the fourth quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company's stock valued at $31,000 after purchasing an additional 125 shares in the last quarter. Flagship Wealth Advisors LLC acquired a new position in Palantir Technologies during the third quarter valued at approximately $32,000. Finally, United Financial Planning Group LLC acquired a new position in Palantir Technologies during the third quarter valued at approximately $32,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on PLTR. Northland Securities upgraded shares of Palantir Technologies from a "market perform" rating to an "outperform" rating and set a $190.00 price objective for the company in a research report on Tuesday, February 3rd. The Goldman Sachs Group lowered their price objective on shares of Palantir Technologies from $188.00 to $182.00 in a research report on Tuesday, February 3rd. Cantor Fitzgerald restated a "neutral" rating on shares of Palantir Technologies in a research report on Tuesday, February 3rd. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $200.00 price target on shares of Palantir Technologies in a research note on Tuesday, February 3rd. Finally, William Blair upgraded Palantir Technologies from a "market perform" rating to an "outperform" rating in a research note on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $192.17.

Palantir Technologies Stock Performance

Shares of PLTR opened at $144.07 on Friday. Palantir Technologies Inc. has a 52 week low of $105.32 and a 52 week high of $207.52. The stock has a market capitalization of $344.57 billion, a price-to-earnings ratio of 228.69, a PEG ratio of 2.68 and a beta of 1.53. The stock has a fifty day moving average of $145.27 and a 200-day moving average of $162.72.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings results on Monday, February 2nd. The company reported $0.25 EPS for the quarter, beating analysts' consensus estimates of $0.23 by $0.02. Palantir Technologies had a return on equity of 23.81% and a net margin of 36.31%.The company had revenue of $1.41 billion during the quarter, compared to analysts' expectations of $1.34 billion. During the same period in the prior year, the company earned $0.14 EPS. Palantir Technologies's revenue was up 70.0% compared to the same quarter last year. As a group, equities analysts forecast that Palantir Technologies Inc. will post 1.05 EPS for the current year.

Insider Buying and Selling

In other news, insider Alexander C. Karp sold 493,025 shares of the stock in a transaction on Friday, February 20th. The stock was sold at an average price of $133.78, for a total value of $65,956,884.50. Following the completion of the transaction, the insider directly owned 6,432,258 shares in the company, valued at approximately $860,507,475.24. This represents a 7.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Stephen Andrew Cohen sold 327,088 shares of the firm's stock in a transaction on Friday, February 20th. The stock was sold at an average price of $133.72, for a total value of $43,738,207.36. Following the transaction, the insider directly owned 592 shares of the company's stock, valued at approximately $79,162.24. This represents a 99.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,029,879 shares of company stock worth $137,746,253 in the last ninety days. Insiders own 9.23% of the company's stock.

Key Stories Impacting Palantir Technologies

Here are the key news stories impacting Palantir Technologies this week:

• Positive Sentiment: Buy-side momentum from Oppenheimer, which initiated coverage with an Outperform ( $200 target) and framed Palantir as an AI-platform leader, is lifting investor sentiment. Barron's: Palantir Stock Gets a Fresh Buy Rating
• Positive Sentiment: Large contract wins and commercial expansion are tangible growth drivers — notably a reported $300M USDA blanket purchase agreement and new industrial deals (e.g., Cleveland‑Cliffs) that show sticky, multi‑year AI revenue potential. Yahoo Finance: Why Palantir Is Expanding Its AI Footprint at the USDA
• Positive Sentiment: Analysts and traders have pushed the stock higher into earnings on the view that AI demand could translate into another strong quarter; several outlets note bullish analyst commentary and technical strength ahead of the report. Benzinga: Palantir Rallies Before May 4 Earnings
• Neutral Sentiment: Q1 earnings (May 4 after the close) are the near-term catalyst; options/implied‑move data suggest traders expect a sizable post‑earnings swing — that raises both upside and downside risk. Investopedia: Expected Post‑Earnings Move
• Neutral Sentiment: Broader tech/AI market strength is supporting PLTR flows this week (MarketBeat roundup highlights AI trade momentum), but macro or sector shocks could quickly reverse momentum. MarketBeat: Week in Review
• Negative Sentiment: HSBC downgraded PLTR from Buy to Hold and cut its target to $151 (from $205), signaling some analyst caution on near‑term upside given valuation — that downgrade capped some gains intraday. Benzinga: HSBC Downgrade
• Negative Sentiment: Valuation and discount‑to-earnings concerns persist (high P/E, premium multiple), and prominent skeptics/shorts (e.g., Michael Burry) remain active — these keep downside risk if earnings or guidance disappoint. 247WallSt: Michael Burry Still Bearish

Palantir Technologies Company Profile

Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.

Palantir's product portfolio centers on a small number of core platforms.

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