Palantir Technologies Inc. $PLTR Position Boosted by Banco Bilbao Vizcaya Argentaria S.A.

Key Points

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Banco Bilbao Vizcaya Argentaria S.A. lifted its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 8.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 432,582 shares of the company's stock after purchasing an additional 32,320 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Palantir Technologies were worth $36,443,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the business. Northern Trust Corp lifted its holdings in Palantir Technologies by 0.3% in the first quarter. Northern Trust Corp now owns 19,553,438 shares of the company's stock worth $1,650,310,000 after acquiring an additional 64,973 shares during the last quarter. Invesco Ltd. lifted its holdings in Palantir Technologies by 20.3% in the first quarter. Invesco Ltd. now owns 17,746,956 shares of the company's stock worth $1,497,843,000 after acquiring an additional 2,998,716 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Palantir Technologies by 38.5% in the first quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company's stock worth $1,281,205,000 after acquiring an additional 4,221,392 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Palantir Technologies by 4.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 13,614,399 shares of the company's stock worth $1,149,055,000 after acquiring an additional 571,544 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Palantir Technologies by 1.5% in the first quarter. Bank of New York Mellon Corp now owns 13,031,532 shares of the company's stock worth $1,099,861,000 after acquiring an additional 187,860 shares during the last quarter. Institutional investors own 45.65% of the company's stock.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Alexander C. Karp sold 39,825 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $125.97, for a total value of $5,016,755.25. Following the transaction, the insider owned 6,432,258 shares in the company, valued at approximately $810,271,540.26. The trade was a 0.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Eric H. Woersching sold 17,000 shares of Palantir Technologies stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $129.29, for a total transaction of $2,197,930.00. Following the completion of the transaction, the director owned 12,562 shares in the company, valued at approximately $1,624,140.98. This trade represents a 57.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 628,140 shares of company stock valued at $84,302,509 in the last 90 days. 12.93% of the stock is owned by corporate insiders.

Palantir Technologies Price Performance

NASDAQ PLTR opened at $174.03 on Tuesday. Palantir Technologies Inc. has a 12 month low of $29.31 and a 12 month high of $190.00. The firm has a market capitalization of $412.86 billion, a PE ratio of 580.12, a P/E/G ratio of 9.99 and a beta of 2.60. The company's 50 day simple moving average is $151.87 and its 200 day simple moving average is $120.39.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The company reported $0.16 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $939.29 million. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The business's revenue for the quarter was up 48.0% on a year-over-year basis. During the same quarter last year, the business earned $0.09 earnings per share. Sell-side analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on PLTR shares. Wall Street Zen raised shares of Palantir Technologies from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. UBS Group reissued a "neutral" rating and issued a $165.00 target price (up previously from $110.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Bank of America lifted their price target on Palantir Technologies from $150.00 to $180.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. The Goldman Sachs Group lifted their price target on Palantir Technologies from $90.00 to $141.00 and gave the company a "neutral" rating in a report on Wednesday, August 6th. Finally, Royal Bank Of Canada lifted their price target on Palantir Technologies from $40.00 to $45.00 and gave the company an "underperform" rating in a report on Tuesday, August 5th. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $136.61.

About Palantir Technologies

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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