Mercer Global Advisors Inc. ADV trimmed its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 13.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 169,120 shares of the company's stock after selling 26,162 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in Palantir Technologies were worth $12,717,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in PLTR. Itau Unibanco Holding S.A. boosted its stake in shares of Palantir Technologies by 500.3% in the fourth quarter. Itau Unibanco Holding S.A. now owns 1,993 shares of the company's stock worth $151,000 after acquiring an additional 1,661 shares during the last quarter. Keel Point LLC boosted its stake in Palantir Technologies by 5.8% during the 4th quarter. Keel Point LLC now owns 13,949 shares of the company's stock worth $1,055,000 after purchasing an additional 764 shares during the last quarter. FAS Wealth Partners Inc. grew its holdings in shares of Palantir Technologies by 248.4% during the fourth quarter. FAS Wealth Partners Inc. now owns 36,307 shares of the company's stock worth $2,746,000 after buying an additional 25,885 shares in the last quarter. Westbourne Investments Inc. acquired a new stake in shares of Palantir Technologies in the fourth quarter valued at about $4,104,000. Finally, Wise Wealth Partners purchased a new position in shares of Palantir Technologies in the fourth quarter worth about $229,000. 45.65% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
PLTR has been the subject of a number of recent research reports. Cantor Fitzgerald increased their price objective on shares of Palantir Technologies from $72.00 to $98.00 and gave the company a "neutral" rating in a report on Tuesday, February 4th. Mizuho lifted their price objective on Palantir Technologies from $44.00 to $80.00 and gave the stock an "underperform" rating in a research report on Tuesday, February 4th. Loop Capital restated a "buy" rating on shares of Palantir Technologies in a report on Friday, April 4th. Jefferies Financial Group lifted their price target on Palantir Technologies from $28.00 to $60.00 and gave the stock an "underperform" rating in a report on Tuesday, February 4th. Finally, Morgan Stanley dropped their price objective on shares of Palantir Technologies from $95.00 to $90.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Five equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Palantir Technologies currently has a consensus rating of "Hold" and a consensus price target of $74.71.
Read Our Latest Analysis on PLTR
Insiders Place Their Bets
In related news, Director Alexandra W. Schiff sold 6,776 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $86.63, for a total transaction of $587,004.88. Following the sale, the director now directly owns 184,617 shares in the company, valued at approximately $15,993,370.71. This represents a 3.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 11,794 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $102.80, for a total transaction of $1,212,423.20. Following the completion of the transaction, the director now owns 88,129 shares of the company's stock, valued at $9,059,661.20. This represents a 11.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,989,975 shares of company stock worth $253,328,090 in the last quarter. 12.93% of the stock is owned by company insiders.
Palantir Technologies Stock Performance
Shares of Palantir Technologies stock traded down $0.51 during trading hours on Monday, reaching $123.77. 131,708,548 shares of the company were exchanged, compared to its average volume of 75,690,334. The firm has a market cap of $290.28 billion, a PE ratio of 651.46, a PEG ratio of 10.84 and a beta of 2.68. Palantir Technologies Inc. has a 1 year low of $20.50 and a 1 year high of $129.86. The stock's fifty day moving average is $91.17 and its 200 day moving average is $79.98.
Palantir Technologies Company 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.
See Also
Before you consider Palantir Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Palantir Technologies wasn't on the list.
While Palantir Technologies currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
