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LVW Advisors LLC Grows Stake in Palantir Technologies Inc. (NASDAQ:PLTR)

Palantir Technologies logo with Business Services background

LVW Advisors LLC raised its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 130.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,250 shares of the company's stock after purchasing an additional 6,358 shares during the period. LVW Advisors LLC's holdings in Palantir Technologies were worth $950,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in PLTR. Geode Capital Management LLC lifted its holdings in shares of Palantir Technologies by 8.6% in the 4th quarter. Geode Capital Management LLC now owns 52,074,232 shares of the company's stock valued at $3,929,401,000 after acquiring an additional 4,127,306 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Palantir Technologies by 20.4% in the 4th quarter. Northern Trust Corp now owns 19,488,465 shares of the company's stock valued at $1,473,913,000 after acquiring an additional 3,299,779 shares during the last quarter. Norges Bank bought a new position in shares of Palantir Technologies in the 4th quarter valued at about $1,360,191,000. FMR LLC lifted its holdings in shares of Palantir Technologies by 22.6% in the 4th quarter. FMR LLC now owns 15,296,371 shares of the company's stock valued at $1,156,864,000 after acquiring an additional 2,818,090 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Palantir Technologies by 31.2% in the 4th quarter. Invesco Ltd. now owns 14,748,240 shares of the company's stock valued at $1,115,409,000 after acquiring an additional 3,509,311 shares during the last quarter. Institutional investors own 45.65% of the company's stock.

Insider Buying and Selling

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $81.25, for a total value of $65,000.00. Following the completion of the transaction, the director now owns 61,339 shares of the company's stock, valued at approximately $4,983,793.75. The trade was a 1.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Alexander C. Karp sold 358,982 shares of Palantir Technologies stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $126.39, for a total transaction of $45,371,734.98. Following the completion of the transaction, the insider now directly owns 6,432,258 shares of the company's stock, valued at $812,973,088.62. The trade was a 5.29% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,894,925 shares of company stock valued at $369,820,528 over the last 90 days. Insiders own 9.23% of the company's stock.

Palantir Technologies Trading Down 5.1%

Shares of NASDAQ:PLTR traded down $6.63 on Thursday, hitting $123.38. 79,168,260 shares of the company were exchanged, compared to its average volume of 101,101,266. Palantir Technologies Inc. has a 1-year low of $21.23 and a 1-year high of $135.28. The stock's 50 day moving average price is $108.44 and its 200 day moving average price is $91.31. The firm has a market capitalization of $291.17 billion, a P/E ratio of 649.40, a price-to-earnings-growth ratio of 10.84 and a beta of 2.64.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its earnings results on Monday, May 5th. The company reported $0.13 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.13. Palantir Technologies had a net margin of 16.13% and a return on equity of 6.85%. The firm had revenue of $883.86 million during the quarter, compared to analysts' expectations of $863.89 million. During the same quarter last year, the company posted $0.08 earnings per share. The firm's revenue was up 39.4% compared to the same quarter last year. On average, equities analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Analyst Ratings Changes

PLTR has been the topic of a number of recent analyst reports. The Goldman Sachs Group increased their price objective on shares of Palantir Technologies from $80.00 to $90.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. Wedbush set a $140.00 price objective on shares of Palantir Technologies and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. Mizuho increased their price objective on shares of Palantir Technologies from $80.00 to $94.00 and gave the stock an "underperform" rating in a research report on Tuesday, May 6th. Loop Capital increased their price objective on shares of Palantir Technologies from $125.00 to $130.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Finally, William Blair set a $84.00 price objective on shares of Palantir Technologies in a research report on Wednesday, March 5th. Five analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $83.95.

View Our Latest Report on PLTR

Palantir Technologies Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Palantir Technologies (NASDAQ:PLTR)

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