Toronto Dominion Bank Has $297.45 Million Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Toronto Dominion Bank lifted its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 266.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,932,955 shares of the company's stock after purchasing an additional 2,859,091 shares during the period. Palantir Technologies comprises approximately 0.5% of Toronto Dominion Bank's holdings, making the stock its 23rd biggest holding. Toronto Dominion Bank owned 0.17% of Palantir Technologies worth $297,449,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of PLTR. Tallon Kerry Patrick purchased a new stake in Palantir Technologies during the fourth quarter valued at about $289,000. Cornerstone Wealth Management LLC lifted its stake in shares of Palantir Technologies by 161.6% in the fourth quarter. Cornerstone Wealth Management LLC now owns 7,327 shares of the company's stock worth $554,000 after acquiring an additional 19,227 shares in the last quarter. RFG Advisory LLC lifted its stake in shares of Palantir Technologies by 45.9% in the fourth quarter. RFG Advisory LLC now owns 10,365 shares of the company's stock worth $784,000 after acquiring an additional 3,259 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of Palantir Technologies by 1.4% in the fourth quarter. Geneos Wealth Management Inc. now owns 14,406 shares of the company's stock worth $1,090,000 after acquiring an additional 196 shares in the last quarter. Finally, CFS Investment Advisory Services LLC bought a new position in Palantir Technologies during the 4th quarter worth approximately $394,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on PLTR shares. Northland Securities lifted their price target on shares of Palantir Technologies from $38.00 to $80.00 and gave the company a "market perform" rating in a report on Tuesday, February 4th. Citigroup increased their price target on Palantir Technologies from $110.00 to $115.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. The Goldman Sachs Group increased their price target on Palantir Technologies from $80.00 to $90.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. DA Davidson increased their price target on Palantir Technologies from $100.00 to $115.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. Finally, Jefferies Financial Group increased their price target on Palantir Technologies from $28.00 to $60.00 and gave the stock an "underperform" rating in a research report on Tuesday, February 4th. Five equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $83.95.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 1,250,000 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $82.75, for a total value of $103,437,500.00. Following the completion of the sale, the insider now directly owns 592 shares of the company's stock, valued at $48,988. The trade was a 99.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the firm's stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $81.25, for a total value of $65,000.00. Following the transaction, the director now owns 61,339 shares in the company, valued at approximately $4,983,793.75. This trade represents a 1.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,901,701 shares of company stock valued at $370,407,533 in the last three months. 9.23% of the stock is currently owned by corporate insiders.

Palantir Technologies Stock Up 0.1%

NASDAQ PLTR traded up $0.08 on Tuesday, reaching $123.39. 86,177,009 shares of the stock traded hands, compared to its average volume of 77,905,861. The firm's fifty day simple moving average is $103.41 and its 200 day simple moving average is $88.49. The company has a market cap of $289.39 billion, a price-to-earnings ratio of 649.46, a P/E/G ratio of 10.84 and a beta of 2.68. Palantir Technologies Inc. has a 12 month low of $20.64 and a 12 month high of $133.49.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released 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. The business had revenue of $883.86 million during the quarter, compared to analyst estimates of $863.89 million. Palantir Technologies had a return on equity of 6.85% and a net margin of 16.13%. The company's revenue was up 39.4% compared to the same quarter last year. During the same period last year, the company posted $0.08 EPS. As a group, equities research analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal 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.