86,736 Shares in Palantir Technologies Inc. (NYSE:PLTR) Acquired by Fielder Capital Group LLC

Fielder Capital Group LLC bought a new position in shares of Palantir Technologies Inc. (NYSE:PLTR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 86,736 shares of the company's stock, valued at approximately $1,489,000. Palantir Technologies comprises approximately 0.9% of Fielder Capital Group LLC's investment portfolio, making the stock its 25th largest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in Palantir Technologies by 11.1% in the third quarter. Vanguard Group Inc. now owns 187,338,667 shares of the company's stock valued at $2,997,419,000 after buying an additional 18,756,392 shares in the last quarter. Morgan Stanley increased its stake in shares of Palantir Technologies by 26.1% in the 3rd quarter. Morgan Stanley now owns 22,614,555 shares of the company's stock valued at $361,833,000 after purchasing an additional 4,675,824 shares in the last quarter. KEYWISE CAPITAL MANAGEMENT HK Ltd raised its holdings in Palantir Technologies by 314.7% in the 3rd quarter. KEYWISE CAPITAL MANAGEMENT HK Ltd now owns 5,285,700 shares of the company's stock worth $84,571,000 after purchasing an additional 4,011,100 shares during the period. Quadrature Capital Ltd acquired a new position in Palantir Technologies in the 3rd quarter worth about $55,719,000. Finally, International Assets Investment Management LLC boosted its position in Palantir Technologies by 1,784.0% during the fourth quarter. International Assets Investment Management LLC now owns 2,895,772 shares of the company's stock worth $49,720,000 after purchasing an additional 2,742,071 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Price Performance

Palantir Technologies stock traded down $3.80 during trading on Tuesday, reaching $21.41. 160,625,205 shares of the company were exchanged, compared to its average volume of 63,619,027. The stock's 50 day simple moving average is $23.40 and its two-hundred day simple moving average is $20.31. The company has a market capitalization of $47.36 billion, a P/E ratio of 237.86, a PEG ratio of 5.72 and a beta of 2.76. Palantir Technologies Inc. has a 52-week low of $7.59 and a 52-week high of $27.50.

Palantir Technologies (NYSE:PLTR - Get Free Report) last posted its quarterly earnings results on Monday, February 5th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01). The company had revenue of $608.35 million for the quarter, compared to analysts' expectations of $603.48 million. Palantir Technologies had a return on equity of 6.17% and a net margin of 9.43%. As a group, equities analysts forecast that Palantir Technologies Inc. will post 0.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PLTR has been the subject of a number of recent analyst reports. William Blair restated an "underperform" rating on shares of Palantir Technologies in a research report on Tuesday. Citigroup boosted their price target on shares of Palantir Technologies from $23.00 to $25.00 and gave the stock a "neutral" rating in a report on Tuesday. HSBC increased their price objective on shares of Palantir Technologies from $22.00 to $23.00 and gave the company a "hold" rating in a report on Tuesday. Wedbush reissued an "outperform" rating and set a $35.00 target price on shares of Palantir Technologies in a research note on Monday. Finally, Mizuho upped their price target on shares of Palantir Technologies from $18.00 to $21.00 and gave the stock a "neutral" rating in a research report on Thursday, March 7th. Five analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $20.65.

Insider Buying and Selling

In other Palantir Technologies news, Director Peter Thiel sold 7,044,756 shares of Palantir Technologies stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $24.79, for a total transaction of $174,639,501.24. Following the transaction, the director now directly owns 70,806,432 shares of the company's stock, valued at $1,755,291,449.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Ryan D. Taylor sold 150,000 shares of the company's stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $24.00, for a total value of $3,600,000.00. Following the transaction, the insider now owns 181,460 shares of the company's stock, valued at approximately $4,355,040. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Peter Thiel sold 7,044,756 shares of the firm's stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $24.79, for a total value of $174,639,501.24. Following the sale, the director now directly owns 70,806,432 shares of the company's stock, valued at $1,755,291,449.28. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,356,273 shares of company stock worth $182,143,602. Insiders own 13.96% of the company's stock.

About Palantir Technologies

Palantir Technologies Inc builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. The company provides Palantir Gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.