Toronto Dominion Bank Purchases 2,859,091 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Toronto Dominion Bank lifted its position 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 13F filing with the Securities and Exchange Commission. The firm owned 3,932,955 shares of the company's stock after acquiring an additional 2,859,091 shares during the period. Palantir Technologies makes up about 0.5% of Toronto Dominion Bank's portfolio, making the stock its 23rd largest holding. Toronto Dominion Bank owned approximately 0.17% of Palantir Technologies worth $297,449,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in PLTR. Continuum Advisory LLC boosted its position in Palantir Technologies by 3.8% in the fourth quarter. Continuum Advisory LLC now owns 2,670 shares of the company's stock valued at $202,000 after buying an additional 98 shares in the last quarter. Heritage Wealth Management Inc. CA boosted its holdings in shares of Palantir Technologies by 0.4% during the 4th quarter. Heritage Wealth Management Inc. CA now owns 29,024 shares of the company's stock valued at $2,195,000 after acquiring an additional 111 shares in the last quarter. True Wealth Design LLC grew its position in Palantir Technologies by 29.3% during the 4th quarter. True Wealth Design LLC now owns 503 shares of the company's stock worth $38,000 after acquiring an additional 114 shares during the last quarter. Westover Capital Advisors LLC increased its holdings in Palantir Technologies by 1.8% in the 4th quarter. Westover Capital Advisors LLC now owns 7,330 shares of the company's stock worth $554,000 after purchasing an additional 130 shares in the last quarter. Finally, Tritonpoint Wealth LLC increased its holdings in Palantir Technologies by 1.9% in the 4th quarter. Tritonpoint Wealth LLC now owns 7,100 shares of the company's stock worth $537,000 after purchasing an additional 132 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company's stock.

Palantir Technologies Stock Performance

Shares of Palantir Technologies stock traded up $0.37 on Wednesday, hitting $123.76. The company had a trading volume of 63,565,103 shares, compared to its average volume of 77,849,740. Palantir Technologies Inc. has a 1 year low of $20.64 and a 1 year high of $133.49. The stock has a market capitalization of $290.26 billion, a price-to-earnings ratio of 651.40, a P/E/G ratio of 10.84 and a beta of 2.68. The stock has a 50 day moving average of $104.13 and a 200-day moving average of $88.73.

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

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, Director Alexandra W. Schiff sold 6,776 shares of the business's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $86.63, for a total value of $587,004.88. Following the sale, the director now directly owns 184,617 shares in the company, valued at $15,993,370.71. The trade was a 3.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Ryan D. Taylor sold 3,936 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $125.97, for a total transaction of $495,817.92. Following the sale, the insider now owns 363,755 shares in the company, valued at $45,822,217.35. The trade was a 1.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,901,701 shares of company stock worth $370,407,533 in the last quarter. 9.23% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Royal Bank of Canada restated an "underperform" rating on shares of Palantir Technologies in a report on Tuesday, May 6th. Robert W. Baird upped their price target on shares of Palantir Technologies from $70.00 to $100.00 and gave the company a "neutral" rating in a research report on Tuesday, February 4th. The Goldman Sachs Group raised their price target on shares of Palantir Technologies from $80.00 to $90.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. Bank of America increased their price objective on Palantir Technologies from $90.00 to $125.00 and gave the company a "buy" rating in a report on Tuesday, February 4th. Finally, Jefferies Financial Group lifted their target price on Palantir Technologies from $28.00 to $60.00 and gave the stock an "underperform" rating in a report on Tuesday, February 4th. Five analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $83.95.

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.